Thread: student loans
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Old 01-30-2012, 11:23 AM   #4
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jbug_4
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Re: student loans

You said your parents were paying it, are they not paying them now? I don't really have much advice for you. I am not sure how a deferment for economic hardship works. If you pay while in deferment for economic hardship does it take it out of deferment? Will a economic hardship deferment effect your credit? Mine were deferred because I kept going back to school before my 6 months your out school time ran out. I never borrowed any more and I paid on the loans the whole time it was in deferment. So when it finally came out of deferment I had very little balance left and ended up being charged very little interest. Is that something you can do? The 7.25% seems rather high for a student loan.

ETA: your were typing at the same time I was. I guess paying on deferment won't work at all if you can't make the payments.
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Last edited by jbug_4; 01-30-2012 at 11:24 AM.
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