Not just that, but with interest rates at zero and inflation at 8.5% per year (a... | Hacker News

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		n8cpdx on April 20, 2022 \| parent \| context \| favorite \| on: U.S. forgives 40k student loans 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 on April 20, 2022 [–]

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.

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