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One wrinkle people are missing is that, for recent borrowers, the downside risk of not being able to make your minimum payment is eliminated. You never owe more than 10% of your disposable income for your federal student loans, and anything you don't pay off in 20 years is forgiven.

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I believe anything forgiven is counted as income. So you're going to be hit with a huge tax bill 25 years later.

It's not clear how that will be handled, and in any case, because unpaid interest is not compounding, it's not as big of a tax bill as you might think.

I believe it does compound but on a yearly basis instead of monthly.

Personally I was considering putting all my loan money into bitcoins but decided to be responsible. Sort of kicking myself in the ass for that decision.

Pat yourself on the back for excellent process based decision making and ignore the outcome.

I agree but it's hard to feel that way while jobless and in debt.

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