Re: Son's debt is overwhelming

Posted by Beth (168.39.180.92) on July 17, 2003 at 17:49:05:

In Reply to: Son's debt is overwhelming posted by Karen on July 17, 2003 at 17:22:14:

He should look into consolidating his student loan debt, which may lower his monthly payments. He can also spred the payments out over a longer period of time (like a mortgage), which will reduce his monthly payments, but it will increase the interest he pays. The good news about paying interest on student loans is that the payments may be tax deductible.
There are also consolidation options for the credit card debt.

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