I have student loans. I have always made on time payments. I stopped paying during the pandemic.
If I refuse to pay my student loans when payments restart, and they go to a debt collector, how much interest and fees are normally added to the balance? Would my total balance stop generating interest? Could it be cheaper long term to go this route and pay the debt collection several hundred dollars every month?
If I refuse to pay my student loans when payments restart, and they go to a debt collector, how much interest and fees are normally added to the balance? Would my total balance stop generating interest? Could it be cheaper long term to go this route and pay the debt collection several hundred dollars every month?