If the forgiveness actually is enough to "pay off" your loan, then obviously your payment goes away. If it is not enough to pay off your loan, then you are still making payments--the loan did not go away, you will just end up making fewer payments.
Well, that would definitely be a change to the inflationary angle. Not fully eliminating it, but certainly a driver pushing it further down the road vs. something that reduced payments of everyone getting it.
The payments aren't changing.
Confused by this. If a loan is forgiven, in full or in part, the whole point is to change the payment, no?
If the forgiveness actually is enough to "pay off" your loan, then obviously your payment goes away. If it is not enough to pay off your loan, then you are still making payments--the loan did not go away, you will just end up making fewer payments.
From what I've read, and it could be wrong, is that the payments don't change. There will just be less of them.
Well, that would definitely be a change to the inflationary angle. Not fully eliminating it, but certainly a driver pushing it further down the road vs. something that reduced payments of everyone getting it.