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Old 08-01-2006, 08:00 PM
Broken Arrow Broken Arrow is offline
Foot in mouth diseased
 
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Default Re: student loan repayment strategy help?

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Originally Posted by MarianneJ
HTH= hope this helps
Thank you, it DOES help!

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My student loans are last on my list of things to payoff so I am just sending a tad more than the minimums. I think they are either 15 or 20 years. Once everything else is paid, then I will get rid of these suckers.
Oh yes, I agree. My student loan is the last outstanding debt I currently have, but before that, I attacked my credit cards, and then my car loan. It took me a few years, but I am proud to say that both are paid off!

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Oh, another tip I just thought of regarding student loans - never consolidate your loans with another person's. Once that is done you are responsible for the other person's debt in the event of divorce or death. Also, if one of you might be eligible for loan forgiveness of some kind I think you have to keep your loans separate.
I couldn't possibly agree with you more! While I have my student loans, so did my ex, and hers are in the excess of more than 100k! Just on student loans alone! THANK GOODNESS they were not consolidated together when we divorced.
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