Student Loans

Does Paying Student Loans Build Credit – Should I Pay Off My Student Loans Right Now?


Does Paying Student Loans Build Credit – 6 Tips

Millions of Americans have their student loan payments put on pause. What does this mean for you, and how should you respond to it? Ben tells us in today’s video!

How were you impacted by the student loan freeze? We want to hear from you in our short survey!

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Timestamps –

0:00 Everything you need to know about the student loan freeze
2:06 Should you keep paying your student loans?


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  1. ojoreakatheoj
    July 25, 2021 at 10:40 am

    Having hundreds of thousands of dollars of loans cut from 6% to 0% is already a huge win.

  2. brendan
    July 25, 2021 at 10:40 am

    In my country (New Zealand) student loans have been interest free for ages.

  3. Ltrebels
    July 25, 2021 at 10:40 am

    Pay it down, it’s like a temporary refinance for 0%. All payments are going straight to principal.

  4. Eli Lemke
    July 25, 2021 at 10:40 am

    If you pay your student loans youre a moron.

    Theyre going to write off federal loans and offset the program with tax and inflation.

    The government just suckered that extra money you paid before the up to 50k forgiveness they will surely do to blame the incoming stimulus tax inflation.

    So all you did was give them extra money before theyre going to raise the price of everything for getting rid of student loans.

    Then youll have to join some advocacy group to whine and complain and get a reimbursement which i dont blame you for.

    Just calling it for what it is folks.

  5. Angela Lewis
    July 25, 2021 at 10:40 am

    I was literally planning to leave the country

  6. Rob
    July 25, 2021 at 10:40 am

    At first I was just saving the money up, but then I started paying off my student loans. I did this for a couple of reasons. 1. It takes the power out of the government’s hands and puts it in mine. 2. The money I use to pay the loan down, will for sure go to the loan. Meaning that I won’t be tempted to use that money for any other purposes. Personally I would say, if you have anything less than 10k on federal loans. Then I would not pay. If it’s anything over, I would keep paying. If it’s less than 10k and they don’t forgive, it’s a manageable debt if you ended up spending the money you were trying to save. If it’s way over that and they don’t forgive. Well now you are back to paying without making any real progress when you had the chance. Anyways, just food for thought. 🙂

  7. gn lilu
    July 25, 2021 at 10:40 am

    I'm getting emails that I have to pay the money back!!!!

  8. Rell Simon
    July 25, 2021 at 10:40 am

    Finished mine on Friday March 19th !!!

  9. Nicholas Jones, CPA
    July 25, 2021 at 10:40 am

    Good looking guy who just says feel good stuff

  10. Karen Vann
    July 25, 2021 at 10:40 am

    This is my confusion should I attempt to pay sense the interest is thankfully is. It accruing; however, if Biden is having 10G wiped away and if it’s indefinite then I want to hold on to it. Although I do have one loan that is not forgiven I’ve been paying on I’m wondering if that would be wiped away in Biden’s plan.

  11. LoverboyB Clown killa
    July 25, 2021 at 10:40 am

    Pay off your student loans!!!!

  12. michael flinn
    July 25, 2021 at 10:40 am

    A person needs to ask themselves, How long do you want to push your loans?.. Do you want to be 60 yrs old and still owe on them?.. Bite the bullet, take the pain now.

  13. Laura Hansen
    July 25, 2021 at 10:40 am

    So I'm in the position where I student loan forgiveness by making consecutive payments do I keep making payments then?

  14. LeahBandB
    July 25, 2021 at 10:40 am

    I never thought to just toss the money in a savings and pay it in one lump sum! Luckily, I just started repaying this past month. Definitely going to pivot to that approach!

  15. Blake Bolt
    July 25, 2021 at 10:40 am

    Been paying all this time…it's refundable? I'll do that and save it like you said. Thanks for the head's up!!

  16. Carole A
    July 25, 2021 at 10:40 am

    That lobster dinners category lol

  17. Stephen Gunz
    July 25, 2021 at 10:40 am

    Scenario 1.5 Student loan debt is canceled but it is marked as taxable income like other loan forgiveness programs(minus recent small business PP loans) and you have a giant tax bill next year. That is what I am planning for. Save what would have been payments to tax bracket % of loans and if payments start back up dump that money on the loans if forgiven prepared for taxes, if forgiven and not counted towards income. Dance

  18. Zack Thomas
    July 25, 2021 at 10:40 am

    Weird question: Is Hannah your sister?

  19. werepancake
    July 25, 2021 at 10:40 am

    Question for y'all: What if I'm planning on purchasing a house in the next year and need to be competitive to get a good loan and have an offer accepted? Will it look bad for me if I stop paying student loans or does that not matter since it's under freeze?

  20. GOALZ2021
    July 25, 2021 at 10:40 am

    I was able to get student loans for college at age 17 moving so fast with no adults consent and now I’m 25 looking stupid with debt over my head.