Excellent Article - WSJ Student Debt Payment Options - But Beware of Pitfalls

[Lesley]

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http://online.wsj.com/article/SB10001424127887323446404579008461550340636.html


It seems if I Google article title I can pull it up, but using link it doesn't allow.

 

[Lesley]

Sorry this article may not be available without subscription. It discusses deferment, forbearance and income-based repayments. One example was a Duke grad who has a law degree, an MBA and $230,000 in debt. He currently makes only interest-only payments on private loans and income based payments on his federal loans. The article states has seen his loan balance increased by $7,000 over the past 10 months even though he has made $8,000 in loan payments.Other examples are included in this short article.