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Personal Finances / Paying Back Student Loans


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.

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