U.S. District Judge Randal Hall, appointed by Republican former President George W. Bush
Fuck the GOP.
This block does not freeze interest. It is continuously accruing for those of us that have been put on hold over this shit show.
If you pay down the debt you took, it will stop acrewing interest.
The interest doesn’t stop accruing (that’s how it’s spelled) just because you make payments. Go gargle Trump’s balls some more.
The interest all together doesn’t stop accruing but I think the parent commenter was trying to say that the interest will no longer accrue for the portion you’ve paid off. (The same as any other loan) So, if you continue to make your payments, you’re not getting extra screwed because of these shenanigans. No more than you’ve already been screwed at least.
Or is there something unique about this that is preventing people from making payments?
I’ve been paying on it for 12 years. I have paid over $20,000 to remove roughly $5,000 in principle. Most of the progress I made was from the 0% interest freeze during COVID. I will be in debt for the rest of my life unless we have some reform or I get a lucky windfall. Most student loan borrowers are in a similar, if not worse situation.
People who are against student loan reform have absolutely no idea how predatory and broken the system currently is.
I’m 44 and still have one student loan left. Wife and 2 kids, and yet.
$20,000 over 12 years - you’re paying an average of $140/mo?
$300-500 on average. There’s been a couple of pauses for returning to school, the COVID pause, and IDR fluctuations
That judge has a agenda
Republican appointed judge - put it in the FUCKING headline. Stop pretending that the idea of an impartial judiciary is possible today. The context matters.
My understanding is that the temporary nature is supposed to be because the plaintiffs need time to advance their case, which they got. The extension is now incredibly damaging to all of the people who would have had their student debts reduced. Every day that goes by is an extra burden on them, but the judge doesn’t care.
