cancel
Showing results for 
Search instead for 
Did you mean: 

boyfriends student loans

tag
Anonymous
Not applicable

boyfriends student loans

he has soemwhere liek 50k in student debt amonst what looked like 9 differnetl loans with sallie mae. He got in trouble with 3 and is in the process of rehabing them? auto deposit 100 bucks a month. But it's so many, I don't know how he is supposed to keep track. I suggested maybe he get a financial advisor? Or maybe consolidating these into something more managable. 

 

 

Message 1 of 4
3 REPLIES 3
smith5879
New Contributor

Re: boyfriends student loans

Keep a spreadsheet that keeps track of the loans. Are they Federal loans? He could consolidate, but if he plans on paying more on them than the minimum the new loan will be a weighted average of the consolidated loans, so he effectively won't be able to pay off the high interest loans before the low interest loans.

April 2014: EX FICO 763 | EQ FICO 760 | TU FICO 721
September 2018: EX FICO 811 | EQ FICO 815 | TU FICO 826

Amex BCP 24.5k | Chase Freedom VS 15k | Citi Double Cash WEMC 25k | Discover It 25.5k
Message 2 of 4
Luscher
Valued Contributor

Re: boyfriends student loans

It doesn't look like they are consolidated^^^^
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 3 of 4
Anonymous
Not applicable

Re: boyfriends student loans

Update. He got a three rehabbed, and a few more fell into delinguincy. So we have to work on those now.

Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.