Buying time on student loans

Avatar for zaboz
iVillage Member
Registered: 03-26-2003
Buying time on student loans
1
Thu, 08-19-2004 - 9:24am
I can't promise this will work with

every company or every student loan but

one thing that might buy you a month

off from your payment is to change the

due date on your student loan.

My student loan was normally due on the

7th and when I changed it to the 15th, they don't take it

out until the FOLLOWING 15th! (a month and a week later)

It's not going to make a huge difference but if you're

really scraping by it might get you $50 or $100 to start

an emergency fund. Plus, you might be able to change

your due date to something that works better with your paychecks.

Like I said, I can't guarantee that every company does it this

way, so you should have the money on hand just in case, but it worked for me

several times. I discovered it on accident, because I really

just wanted the due date changed. But it was a nice little

perk, although the interest still accrues.

iVillage Member
Registered: 04-30-2003
Thu, 08-19-2004 - 10:37am

Interesting. But thanks for the heads up, as a "just in case". I should move mine to the first. It'll be easier for me.


Also, as a side note to those who read my thread about student loans, piggybacking zaboz's thread.......


If by going to school, your loans get deferred. ONLY subsidized loans get the interest deferred also. Everything else will continue to accrue.

~Cher




my pet!