(no subject)

[taerowyn]

Sometimes I'm amused by the different perceptions my parents have. Was talking to my mom today and told her that I had received my first loan bill (a Yikes! but a Yikes! I was expecting). Anyway, she asked how much it was monthly and when I told her she was completely shocked. I asked "Why do you think I've been so worried about getting a job?" She really had no idea of the reality of my education debt.

Of course now I have the problem that between now and the end of August I have two rent checks and two loan checks to write and will only have half a full-time and one part-time paycheck to do it with. I'm considering putting the loan in forbearance for a month or two, just until the full-time paychecks kick in on a normal schedule. From what I understand, I won't be penalized re: credit rating and what not, but will just be earning interest like normal on the principal.

Off to do so more research...

Comments

[laney-1974.livejournal.com]

In Australia, we have an excellent way of helping undergrad students with their education fees. It's called the Higher Education Contribution Scheme. Essentially, you defer payment of your HECS debt until you're working and earning over something like 25,000. Then the debt gets added to your end of year tax bill. It's an excellent scheme, but I fear that one day we'll be going by the american system.

[taerowyn.livejournal.com]

That does sound like a good system. I instituted a private, watered-down version (and will do so again) when I was working full-time between undergrad and grad in that I always took a large chunk of my tax refund and put it toward my loans. The sooner they get paid off, the better.

[schwa242.livejournal.com]

Sometimes I'm amused by the different perceptions my parents have. Was talking to my mom today and told her that I had received my first loan bill (a Yikes! but a Yikes! I was expecting). Anyway, she asked how much it was monthly and when I told her she was completely shocked. I asked "Why do you think I've been so worried about getting a job?" She really had no idea of the reality of my education debt.

I think mine must have had something to do with that. But mine were a) instate, b) during a cheaper era, c) for a not as esteemed institution, and d) two years. Bit of difference that.

[taerowyn.livejournal.com]

vs. out-of-state - twice, private school - twice, and six years. Yeah, remind me why I did that again?