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<p>[QUOTE="desertgem, post: 1492656, member: 15199"]If your loans are of government origin, answers may differ from private ( non-government attached ) loans. I am sure you have the original papers and can determine what the significant favors such as possible rural service forgiveness, bankruptcies, congressional actions on loans rates, etc. Even though one hopes that things get better economically, one has to consider the back end of possibilities as well as the front end. You may never need to go through a bankruptcy, but if a loan prohibits its being considered during bankruptcy, pay that off first. Jobs may be harder to obtain , so a loan with rural service forgiveness is one, it might be reduced if the only job availabilty is such. It isn't a factor to just take such as job, but it is a benefit if one falls into it. If the rate is determined by the flighty minds of congress, I would certainly consider getting away from that as soon as possible. And as mentioned the interest rate of a loan is important if some uses of the moneycan be for higher rate of income or tax deductions. But you are lucky in that you should have the tools to negotiate your best directions. Your collecting interests probably will change as you age and go through such stages as family, grandfamilies, job resposibilities, etc. Congratulations of SDSU degree.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1492656, member: 15199"]If your loans are of government origin, answers may differ from private ( non-government attached ) loans. I am sure you have the original papers and can determine what the significant favors such as possible rural service forgiveness, bankruptcies, congressional actions on loans rates, etc. Even though one hopes that things get better economically, one has to consider the back end of possibilities as well as the front end. You may never need to go through a bankruptcy, but if a loan prohibits its being considered during bankruptcy, pay that off first. Jobs may be harder to obtain , so a loan with rural service forgiveness is one, it might be reduced if the only job availabilty is such. It isn't a factor to just take such as job, but it is a benefit if one falls into it. If the rate is determined by the flighty minds of congress, I would certainly consider getting away from that as soon as possible. And as mentioned the interest rate of a loan is important if some uses of the moneycan be for higher rate of income or tax deductions. But you are lucky in that you should have the tools to negotiate your best directions. Your collecting interests probably will change as you age and go through such stages as family, grandfamilies, job resposibilities, etc. Congratulations of SDSU degree. Jim[/QUOTE]
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