General financials:

I can afford to pay them off in full and have plenty left over for general life needs

The interest rates on them should be 4.53% according to their chart of when it was awarded.

If I do hold onto the money and pay off monthly I can put everything into a CD but I’ll still be losing .03% if I lock in the student loan money maybe I’ll beat but .07-.43% so not a ton of upside unless there’s sudden political will to actually follow through on student loan forgiveness.

Is there anything else I’m missing when considering this? I am leaning towards just pay off as I’ve been planning for this, but I want to make sure there isn’t something else to do.

  • bytor9@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    3
    ·
    1 year ago

    Interesting you say SCOTUS legislating from the bench in this case. Deferment and forgiveness were both “legislated” from the White House. Seems the only party not legislating here is the legislature.

    • hypelightfly@kbin.social
      link
      fedilink
      arrow-up
      5
      arrow-down
      1
      ·
      edit-2
      1 year ago

      No, they weren’t. Congress passed laws giving the executive that authority.

      It was in fact legislated by the legislature.

      • bytor9@lemmy.ml
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        3
        ·
        1 year ago

        I think it’s disingenuous to make it sound that simple.

        If Congress supported forgiveness, we wouldn’t be having this discussion. Whether they had implicitly given that power to the executive with previous legislation is controversial, thus the SCOTUS case. But it’s not like SCOTUS was the first to question it. Pelosi and even Biden had previously stated it was not an executive power.

        Again, it could be easily settled now by the legislature if they supported it, but they do not.

    • Glaive0@beehaw.org
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      Under powers that were explicitly granted to the White House by the legislature. You can doubt their validity all you want, but they’re there—including the right of the secretary to “waive or modify”—WAIVE or modify—“the existing provisions.” It’s quoted in the majority opinion then ignored by the ruling.

      That is the apple being legislated into a banana.