Paying off student debt
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Thread created 12-04-2012 by slickfree
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Now shut your mouth buddy.
OP stay with your parents if you can. Why not save atleast $750 a month. couple years of savings you will have a nice down payment on a house.
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
I don't think so. Probably within the last couple years.
Paying off student debt
Expired
Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
saladdin has been trolling these finance forums for a while, anyone who asks for advice gets his typical schpeel of "i worked hard and did this and that so you should have to be exactly like me and...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
I'd pay off the highest as others have said, and then consolidate when you're able to, assuming the rates are worth it.
Just to ask, are your parents able to help you out any more and then you...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
How helpful are you mooching off of your parents?
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
Yes, it's definitely possible as long as they have enough equity in their house. Or, if your dad wants to refinance anyway due to the current historically low mortgage interest rates, see if he can...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
My parents want me to pay off my loan ASAP and are willing to help, I talked to my dad, he mentioned refinancing my student loan and have a lower interest rate on all my loans. Is this possible, we...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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Agreed. I wasn't paying much attention when I consolidated mine (pre-2008) and was satisfied knowing the rate was lower. Now I have the ability to pay down the loans early, but can't target the...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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I graduated this past May and starting this month I have to pay off my student loans. I have three loans under my name, Stafford Sub $12k @ 4% and Stafford Unsub $4K @ 6.8% ( Stafford Loans grace...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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tax deductions
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
What other debts do you have? What's your income? What other expenses (rent/mortgage, utilities, food, etc)? If these are your only debts, pay as much as you can towards the highest rate ($5k at...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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it will help reduce your tax liability however it's a deduction not a credit meaning you're far better off not paying interest in the first place than counting on a tax benefit.
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
Did she consolidate pre-2008? I haven't found anyone who will do this on favorable terms since then.
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
imputed interest is basically moot at this point in time... annual mid-term AFR (3-9 year loan) for December 2012 is 0.95%
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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When my wife consolidated her consolidated loan was at a rate lower than all the individual loans. Still though, it could be higher and not worth it I suppose.
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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There is nothing wrong with living with your parents if they let you. If it saves you $750-$1200/month on rent that can help you pay off the debt faster, why not? Why do you think an adult making...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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Agree. When I first moved out to where I am now, I bought a house when I had an option to live with family. If I'd lived with them for a year, I would've saved up an additional 20-30K, which...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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Pay your parent's loan off. Then move out. No adult making 40k should be living off their parents. No matter their debts.
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
You will end up paying more interest if you consolidate. They will blend your rates and prevent you from selectively paying down the principal on the higher rate loan(s).
I agree with the poster...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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Thanks for the reply. I live with my parents, so only expense I have is going out to the bar getting something to eat with friends and buying metrocard and gym membership, so my total monthly expense...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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Start with the highest rates and work your way down. In your case, that's the two 7.9% loans. You could probably easily put over $1000, maybe close to $2000, towards debt repayment each month (actual...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
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Not very helpful. And I am trying pay off my parents loan, I am not asking them to pay for it I'am trying pay for it and I going to knock out the 4K in one shot this month just trying find the best...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
Don't worry about mooching too much. You're doing the responsible thing by paying off your debt as quickly as you can so you can be financially secure in the long run without continuously asking...
Paying off student debt
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Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
keeping some loan amounts may help you come tax time. you may want to look into that.
Paying off student debt
Expired
Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
This.
Paying off student debt
Expired
Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
Thanks so much for the advice, I will work off paying the 7.9% loan first and pay minimum on the other two and once after that consolidate perkins with the Stafford.
Paying off student debt
Expired
Thread created 12-04-2012 by slickfree
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26 Replies
3,207 Views
Have your parents loan you the money to pay off the loans.... and then declare bankruptcy! :D
