Strategic default might be a viable choice for college loans out of private loan providers, however having government student loans

Strategic default might be a viable choice for college loans out of private loan providers, however having government student loans

When the this type of pitfalls are effectively eliminated, and you will a viable payment strategy is securely performed, the brand new payment offers are going to be enormous – just compared to the most recent equilibrium, however, about what the opposite out of paying interest plus principle getting ages might have costs. Some loan providers even provide arranged payment terms and conditions, where borrower pays a downpayment with the a predetermined payment number, for the sleep paid in monthly instalments more 1 year or expanded. (more…)

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