Reply to Defaulting on student loan?

Forum Index » Money and Finances

Reply to "Defaulting on student loan? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It isn't a horrible idea to go back to school.  Many loans are in forbearance while in school.  He may not have to make any payments if he is in school again.  [/quote]... while the interest continues to accrue...[/quote]
Yeah. Is this pp really suggesting to go back to school to incur more debt as a means of avoiding paying the six figures of debt he already has?  Oy.[/quote]

This is exactly what I did.  I had about $100K in student loan debt and had trouble finding a job in a new city I moved to with DH.  My payments were about to come due.  I enrolled in a masters program and my loans went into forbearance.  I finally found a public sector job in the new city.  Since my loan went from $100K to $150K, and I'm in the income-based repayment program, my current payment is the same as it would've been without the extra degree.  It is an option, but the new degree would need to be in an area where OP's boyfriend can get a job.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics