Coronavirus Megathread: Resources, discussion, and your questions

If this is true and student loan payments + interest are paused for 6 months, is it a good idea to funnel payments into my car loan instead, for the time being?

I have 11k left on car loan at 1.99% ($350/month). 19k left on student loans at 3-5% ($500/month).

Currently paying extra $1000/month towards student loans.

Which option should I go with? 1. Continue as is ($350 car, $500 SL, extra $1000 to SL). 2. Continue $500 on student loans, but put extra $1000/month towards car payment instead. 3. Pause student loan payment completely for 6 months, put extra $1500/month towards car payment.

/r/personalfinance Thread