posted
Hah. Well, come to think of it, one advantage of having a loan is that you're guaranteed someone will be sad if you die. Get even, die in debt!
Posts: 10645 | Registered: Jul 2004
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posted
Umm... they "gave" you a loan? You might have to really worry when the loan police drag you to your alma mater and grind your knee caps on the pavement in front of the administration building.
Posts: 1221 | Registered: Aug 2001
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I know how that goes... I too dislike student loans. Especially the way they hang over my head when I have to pay rent and other bills.
Posts: 9942 | Registered: Mar 2003
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Interest rate is 3%, ish. I don't understand what you mean about deferment. And I took the loan when I was studying in Norway.
Posts: 10645 | Registered: Jul 2004
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In the US, there are ways to defer repayment under certain conditions. I don't know them all, but I think if you go on to grad school or advanced training in some fields, then the loan doesn't have to be repaid on schedule.
Also, 3% is sort of typical -- it's very very low. About the cheapest money one can borrow is in student loans. It makes it tough to refinance them to a "lower" interest rate, for example, if your payments are too high.
But, yes $813 a month is extremely high for someone fresh out of school, first full-time professional work and all.
It does seem excessive.
How bad has the dollar devaluation against the kroner gotten since the time period when you took out the loans?
Posts: 22497 | Registered: Sep 2000
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