Oh my gosh. I wish we had a three year grace period on the mortgage with interest free. I’d be dumping money on the principle a lot. These young kids were given a gift. I’m sure most didn’t take advantage. The good news is giving them 10 grand won’t hurt the economy because most have been spending the money normally for the loan to buy junk.
Mine did. Moved home, bought a cheap car for cash and started pouring nearly everything she made on her loans.
She has made a significant dent but still has a long way to go. She wants to be done with them by age 32
She is getting married next month and her fiance also has loans. The wedding was also planned frugally and they are paying for it all. They would love to buy a house and start a family.
It will all be a tough row to hoe but they are hard working and have their priorities straight so any “bribe” that Biden might be able to get done will fall on deaf ears with these two