Families Strain To Pay Tuition

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Families Strain To Pay Tuition

Postby Jack » Sun Oct 19, 2008 5:41 pm

Jack
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Re: Families Strain To Pay Tuition

Postby John Bear » Sun Oct 19, 2008 10:11 pm

And student loans.

A friend who earned his doctorate in psychology 9 or 10 years ago, and has been practicing as a family therapist, tells me that this topic has become a major one with many of his clients, and is a cause for real divisiveness and problems in families, including, ironically, his own. He still owes a huge sum on his own student loans, and when faced with paying his loans, his health bills, and his mortgage, he could only manage the first two, and is in foreclosure. His wife was in favor of paying #2 and 3, in this triage situation, and their relationship is in trouble.
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Re: Families Strain To Pay Tuition

Postby Jack » Mon Oct 20, 2008 12:11 am

Once upon a time I was in a similar situation. I refinanced my mortgage and rolled my student loans into the mix. Students of finance might criticize such a move but it reduced my monthly payments by a substantial margin and has allowed me to continue my carefree existence as a solid member of the low-middle economic class. :|
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