[xur17]

And we're definitely in a spot right now where folks that can pay off their loan are holding off in case the US forgives all loans or something. A perverse incentive that is going to boost the number of student loans that are not paid off.

[n8cpdx]

Not just that, but with interest rates at zero and inflation at 8.5% per year (and growing!) it is incredibly stupid to pay even a single penny of federal loan debt early, unless you have a really good need to polish your credit score.

Federal student loan debts are getting cheaper by the minute, why pay more now?

[bombcar]

Paying the minimum amount on time often does better for your credit score than paying the whole thing off, anyway.

The credit score is a number based on you being able to reliably make payments.