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When Student Debt Comes Home to Roost and Fast Track Mortgage Payoff

Started by Epoch-Times-Bot, Dec 20, 2022, 06:15 AM

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Epoch-Times-Bot

When Student Debt Comes Home to Roost and Fast Track Mortgage Payoff

Dear Mary: Several years ago I decided to become a medical transcriptionist. I had no knowledge how school loans work and signed a student loan from Sallie Mae for $7,000 with a 12-month deferment on payments. It took 15 months to finish school, so my payments started before finishing. I am still paying $134 a month on the loan wherein the principal has now grown to more than $12,500! I have looked into transferring the balance to a lower-rate loan as we are currently paying 15% variable on this one. But I can’t find anyone to agree to an unsecured loan. Is there another avenue I can pursue or am I stuck with this out-of-control student loan? — Yvonne D., email...

Source: When Student Debt Comes Home to Roost and Fast Track Mortgage Payoff


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