Thread: $201.73
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Evans, Marv Evans, Marv is online now
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Join Date: Jan 2001
Location: So. Cal.
Posts: 9,171
Decades ago (4+) when I worked my way through college, I also ran up $5K in student loans. I knew I had to start paying interest and payments 9 months after completion & not taking anymore classes. The bank also sent me a notice saying I owed $19/mo. (I think). At the time I thought that seemed sort of low.
After graduating, I took grad classes while working and saving money to pay off the $5K in one chunk before the 9 month deadline w/o having to pay the interest.
Anyway, I finally saved up the $5K, walked into the B of A that kept my loan(s) papers and plunked down $5K & walked out with my receipt. About 6 weeks later a letter arrived from the bank thanking me for paying off the loan(s), but stating they could only find $1k in loan papers.
I rolled it over in my mind whether or not I should go after the $4K difference I had paid. In the end I decided the money they loaned me had been a big help, and the money I paid back w/o interest was actually worth less than what they had loaned be over the years. So I decided to not try to recover the $4K they couldn't find the paperwork for. Hasn't bothered me a bit since.
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Marv Evans
'69 911E
Old 04-13-2009, 10:34 PM
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