Hmm, I disagree.Unless they are actually unemployed, this is a stupid move.
You've had three years where every cent you put towards those loans goes entirely to principal. If you have the means and aren't paying at least some amount into that, it's financial stupidity of an impressive degree.
All generic "you" of course
All these months have counted toward public service loans forgiveness. I haven’t paid anything and now I only have 2.5 years left until my loans are forgiven once the pause ends.
If I had paid during this time it’s not like I had an extra $350,000 laying around to pay them off. So I used the extra funds to actually build an emergency savings fund and increase my retirement savings which are really really lacking due to so many years of school and high interest rates of my student loan.
I don’t feel bad because it’s really criminal how much school costs (all my $350,000 is from med school, I thankfully had no undergrad loans) and how high the interest is. And I work in "public health" getting paid poop, so I’m going to use any and every advantage that is available to me, just like the wealthy take advantage of tax loopholes to pay no or minimum taxes.
I don’t see it as a financially stupid move.