Quote:
Originally Posted by pavulon
Have you done any cardiac anesthesia? Let's hear about it!
If you had, you'd understand that an honest mistake or lapse in judgment can spell big, big problems in being able to make payments on a $300k nut at 7%.
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in my opinion, a student loan default is not the thing to worry about. ruining your income stream and defaulting on your mortgage is far worse. there are any number of ways to delay collection on a student loan during times of hardship. i spent a decade foreclosing on people’s homes, watching them drive off in a van full of their stuff….doctors, plumbers, lawyers, dentists….everyone is one mistake away from real disaster. defaulting on a student loan is at the bottom of my list of worries and i’ve dealt with my own $200k plus student loans
that said, if the guy can pay them off soon, he should go for it