Student loan trouble
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by What can my buddy do? (207.87.83.56) on June 19, 2004 at 03:41:06:
I have a buddy who came out of undergrad with only $5000 in student loans. He then thought he would enjoy being an industrial psychologist and proceeded through grad school. It was only after obtaining his masters and going towards a PHD that he realized he HATED industrial pysch. He now has upwards of $75,000 in student loans and a very moderate (about $40,000/yr) salary to pay them back. I told him to refinance his student loans, but he has already consolidated his loans and says he is not eligible to refinance again. Is there anything he can do? Apparently, bankruptcy won't do it. He is paying like 8% interest on these loans when the current interest rate is like 2%. I am hoping you guys might know something he can do.
Follow Ups:
Post a Followup
|
