Publish finance articles

5 Comments Already

March 31st, 2009 @7:54 am  

Typical student loans have 10-year repayment terms. You can make your amortization longer, to lower payments, or if you have extra cash coming in, make the amortization shorter, thereby increasing your payment and paying off your student loan quicker. You can customize the terms for your own situation.

April 7th, 2009 @3:36 am  

Student loand are the worst thing ever. If you can’t find a good job it’ll be like taking loan for a failed business – you spend couple years working (studying) and afterwards the business does not take off and you can’t pay it off (you don’t find a 6-figure job). It’s a good thing that at least you can’t pass it on you kids.

Tracie Said,
April 16th, 2009 @2:19 pm  

My sister left an outragious student loan bill when she passed and we were afraid her children would have to repay it. We were very relieved when we found out that they were not responsible for the payment due to the new laws that are now in place.

Cathy Said,
June 2nd, 2009 @1:36 am  

I agree with TRacie.
I think the new rules are good too.

November 4th, 2011 @4:23 pm  

So far, loans can’t be inherited unless stated in the contract. It’s quite absurd if your children are gonna be the one’s to pay for your debts when you are the one who borrowe and used the money. Besides, the agreement of the loan is between you and the agency or person you loaned from.

Related Post

Please Leave Your Comments Below

Please Note: All comments will be moderated