Comments on: How I Pay My Student Loans http://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/ Learning about frugality Wed, 25 Apr 2012 20:11:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Danahttp://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-850 Dana Sun, 27 Jul 2008 13:53:05 +0000 http://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-850 When I moved to the US from Canada I had the same problem. Paying my old bills was a pain! I did money transfers into my Canadian chequing account and almost everything was auto withdrawal. Of course there was a heavy fee to go along with this plan. My Canadian bills have long been paid. Now, I just need to work on those American ones. Dana's last blog post..<a href="http://letterstoelijah.blogspot.com/2008/07/you-crack-me-up.html" rel="nofollow">You crack me up...</a> When I moved to the US from Canada I had the same problem. Paying my old bills was a pain! I did money transfers into my Canadian chequing account and almost everything was auto withdrawal. Of course there was a heavy fee to go along with this plan. My Canadian bills have long been paid. Now, I just need to work on those American ones.

Dana’s last blog post..You crack me up…

]]> By: determinedsinglemomhttp://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-123 determinedsinglemom Tue, 04 Mar 2008 20:57:00 +0000 http://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-123 Bonjour!<br/>When I moved to the USA from Canada I had similar issues when I carried a Visa balance and student loan with me. My solution was a bundle of postdated cheques for my student loan and just working a month or so ahead on the Visa. Visa did not want to process or hold postdated cheques. <br/>HOWEVER if you decide to do this with your loan I urge you to be aware that US banks seem to have NO concept of a postdated cheque and will just cash whatever they receive whenever they receive it. Canadian banks pay attention to the date on the cheque and you can't cash it until that date. In the 7 years it took to pay off my student loan I never had a cheque cashed early. Thankfully now both loans are paid off and I don't have to deal with any of it.<br/><br/>BTW I love reading your blog. My goal one day is to spend a year living in France and use it as a homebase to explore Europe. Bonjour!
When I moved to the USA from Canada I had similar issues when I carried a Visa balance and student loan with me. My solution was a bundle of postdated cheques for my student loan and just working a month or so ahead on the Visa. Visa did not want to process or hold postdated cheques.
HOWEVER if you decide to do this with your loan I urge you to be aware that US banks seem to have NO concept of a postdated cheque and will just cash whatever they receive whenever they receive it. Canadian banks pay attention to the date on the cheque and you can’t cash it until that date. In the 7 years it took to pay off my student loan I never had a cheque cashed early. Thankfully now both loans are paid off and I don’t have to deal with any of it.

BTW I love reading your blog. My goal one day is to spend a year living in France and use it as a homebase to explore Europe.

]]> By: Mrs. Micahhttp://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-18 Mrs. Micah Mon, 28 Jan 2008 14:34:00 +0000 http://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-18 That's a very creative idea! And as debit, he shouldn't have any extra fees. Brilliant. :) That's a very creative idea! And as debit, he shouldn't have any extra fees. Brilliant. :)

]]> By: Sophiehttp://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-13 Sophie Thu, 24 Jan 2008 12:24:00 +0000 http://almostfrugal.com/2008/01/23/how-i-pay-my-student-loans/#comment-13 this is so smart!!!<br/>I love the "National Bank of Dad" thing! I used "National Bank of Grandma" when our financial meltdown took place in 2006, and her only motto was "Because you're worth it!" How lovely!! this is so smart!!!
I love the “National Bank of Dad” thing! I used “National Bank of Grandma” when our financial meltdown took place in 2006, and her only motto was “Because you’re worth it!” How lovely!!

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