The Motley Fool Discussion Boards

Previous Page

Personal Finances / Paying Back Student Loans

URL:  https://boards.fool.com/i-briefly-thought-about-that-but-decided-against-20708586.aspx

Subject:  Re: home equity and student loans Date:  4/30/2004  2:26 PM
Author:  SRenaeP Number:  3207 of 4854

I briefly thought about that but decided against it. I'm simply not comfortable with the risk. What if you became unemployed? Student loans can be deferred; HELOCs can't. Even if there was no deferral, I'd much rather default on a student loan than on my house. Yeah, my credit would suffer but they can't foreclose on my degree.

-Steph
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us