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Actually yes...it will take an entire year off of my loan. And since I just found out that I won't be getting the over $10k refund from the government for 4+ years of overpayments on my student loans....I want that money back! I'm not rich and I'm a single person on a single income. That much money is a big deal to me. When you're a government employee that gets 0 bonuses and very minimal (if any) salary increases, that's a lot of money that I'm not willing to leave on the table just to get a car 4 months earlier. I will sit and wait those 4 months. ⏳

Any yes...I can afford it either way. That doesn't mean that it's not a lot of money to me.
I understand totally! I am in the same boat as you, work for the government and have student loans as well and a mortgage! I am looking for another job with higher pay and bonuses too! However, I have been budgeting and saving quite awhile for this. The $7500 is not point of sale in 2023, so it is not coming off your loan payment, it is a tax incentive which you can claim.. And the bill is saying that $3750 is what you would be able to claim and they do know if the full $7500 again tax incentive is going to happen. Again, it is not point of sale off your bill, only until 2024. Working for the government I don't trust things will happen the way normal people think..just my opinion!
 
My EDD just narrowed to two weeks!
OD: 6/10 Massachusetts
 

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