Taking Out Max Loans for 2020-2021

[CreameBiggums]

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The current rate for federal student loans is 4.3% for graduate direct loans and 5.3% for grad PLUS loans. I am aware that these rates are based on the may 10-year Treasury notes auction and it was 0.7% back in May 2020. The current 10 year Treasury note is at 1.568%. Based on the 10-year treasury note chart, it looks like there is an upward trend and the rates will likely be more than 1.568% come May 2021. Let's say it stays at 1.568% until May 2021. The new federal student loan interest rate will be 5.17% for graduate direct loans and 6.17% for grad PLUS loans (it will probably be higher tbh). Given that there's currently no interest on federal student loans, will it be wise to max out my student loans before the feds set a higher interest rate and take out less in the future?

 

[FosterWallace]

Also wondering this

 

[Saddleshoes]

The United States Government is in the process of printing 2 trillion dollars at this very moment.
My college economics class thought me that governments printing money = inflation.
Therefore, I think we can expect inflation and a big jump in interest rates.
That said ---- Act Accordingly!

 

[Cold Front]

The United States Government is in the process of printing 2 trillion dollars at this very moment.
My college economics class thought me that governments printing money = inflation.
Therefore, I think we can expect inflation and a big jump in interest rates.
That said ---- Act Accordingly!

The update..

The US government printed the $2T and considering another $3T for infrastructure, climate change, universal basic income, etc. Bringing us close to $10T in printed money over the last 12 months - if the proposed $3T is approved.

 

[Blueshirts]

The update..

The US government printed the $2T and considering another $3T for infrastructure, climate change, universal basic income, etc. Bringing us close to $10T in printed money over the last 12 months - if the proposed $3T is approved.

And just like that our entire future vanished before our eyes.. I seriously hope that this doesn’t happen, the country has significant domestic and foreign issues to address as we reposition the economy.

 

[deleted903013]

The update..

The US government printed the $2T and considering another $3T for infrastructure, climate change, universal basic income, etc. Bringing us close to $10T in printed money over the last 12 months - if the proposed $3T is approved.

What's the point of having taxes when we just print this kind of money...

 

[Cold Front]

What's the point of having taxes when we just print this kind of money...

The first move to offset the mountains of debt will be to undo Trump corporate, high earner and upper middle class tax cuts. Not a welcome news for dentists who are trying to make money to keep up with high student loan payments and rising inflation. Either way, the current administration will have to dial back the current tax cuts very soon - as early as this year.