Buying time on student loans
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Buying time on student loans
| 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.
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.

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