Comments on: Student Loan Hell http://almostfrugal.com/2008/05/23/student-loan-hell/ Learning about frugality Wed, 25 Apr 2012 20:11:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ken Clark, CFPhttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-316 Ken Clark, CFP Wed, 28 May 2008 01:08:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-316 Let me know if I can help you track down any answers!<br/><br/>Ken Clark, CFP<br/>Guide to Saving for College at About.com Let me know if I can help you track down any answers!

Ken Clark, CFP
Guide to Saving for College at About.com

]]> By: Anonymoushttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-313 Anonymous Mon, 26 May 2008 13:39:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-313 Hi, I am an American in Paris (married to a Frenbchie..). I also moved here with around $50k of US student loan debt. I tried for many years to transfer euros into my US checking account, paying transfer fees, etc. but my loan balance never went down...even with paying extra. It was endless! Finally in Decemeber 2007, I visited my French bank for a loan, allowing me to take advantage of the weak dollar. I erased 43% of my American debt, just on the exchange rate, and will be finished paying off my loan here in 2.5 years. Besides reducing my US loan significantly, the greatest things is having a SET time frame for the loan. Now I know how much I will pay and how long I will pay, clearly. Bon courage! Hi, I am an American in Paris (married to a Frenbchie..). I also moved here with around $50k of US student loan debt. I tried for many years to transfer euros into my US checking account, paying transfer fees, etc. but my loan balance never went down…even with paying extra. It was endless! Finally in Decemeber 2007, I visited my French bank for a loan, allowing me to take advantage of the weak dollar. I erased 43% of my American debt, just on the exchange rate, and will be finished paying off my loan here in 2.5 years. Besides reducing my US loan significantly, the greatest things is having a SET time frame for the loan. Now I know how much I will pay and how long I will pay, clearly. Bon courage!

]]> By: Frugal Trencheshttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-310 Frugal Trenches Sun, 25 May 2008 09:56:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-310 Wow, student loans are tough - particularly US and Canadian ones. I'm not sure but I know some people consolidate them? <br/>This is one reason why a lot of US families I know stay here in the UK - the cost of College!<br/>Good Luck! Wow, student loans are tough – particularly US and Canadian ones. I’m not sure but I know some people consolidate them?
This is one reason why a lot of US families I know stay here in the UK – the cost of College!
Good Luck!

]]> By: frugalbabe.comhttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-307 frugalbabe.com Sat, 24 May 2008 21:11:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-307 I'm not familiar with the specifics of student loans, but with the loans that I've had (credit card, mortgage, HELOC, and business loans), we've always been able to pay as much extra as we like, with all of the extra going towards principal (assuming no prepayment penalty). The company might make you write a separate check with "principal payment only" in the memo line, but hopefully they won't be applying extra payments towards interest. Good luck!! I’m not familiar with the specifics of student loans, but with the loans that I’ve had (credit card, mortgage, HELOC, and business loans), we’ve always been able to pay as much extra as we like, with all of the extra going towards principal (assuming no prepayment penalty). The company might make you write a separate check with “principal payment only” in the memo line, but hopefully they won’t be applying extra payments towards interest. Good luck!!

]]> By: Rachel Whttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-306 Rachel W Fri, 23 May 2008 18:21:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-306 you should make sure there aren't any prepayment penalties, too. you should make sure there aren’t any prepayment penalties, too.

]]> By: Mrs. Micahhttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-305 Mrs. Micah Fri, 23 May 2008 15:05:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-305 Good luck with that! One of the toughest things we've had to figure out with debt repayment is how to make sure extra goes to principal, so that we pay less overall. Good luck with that! Good luck with that! One of the toughest things we’ve had to figure out with debt repayment is how to make sure extra goes to principal, so that we pay less overall. Good luck with that!

]]> By: ashehttp://almostfrugal.com/2008/05/23/student-loan-hell/#comment-304 ashe Fri, 23 May 2008 13:11:00 +0000 http://almostfrugal.com/2008/05/23/student-loan-hell/#comment-304 You may want to look into consolidating your loans, as well. Happy learning! You may want to look into consolidating your loans, as well. Happy learning!

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