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	<title>Comments on: Reader Question: Student Loan to Pay Off Debts?</title>
	<atom:link href="http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/feed/" rel="self" type="application/rss+xml" />
	<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/</link>
	<description>Talking about money, without being boring.</description>
	<pubDate>Tue, 06 Jan 2009 23:32:31 +0000</pubDate>
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		<title>By: DD</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-69053</link>
		<dc:creator>DD</dc:creator>
		<pubDate>Wed, 10 Dec 2008 03:47:40 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-69053</guid>
		<description>debt is debt, robbing Peter to pay Paul wont solve the problem. You must change your attitude toward money</description>
		<content:encoded><![CDATA[<p>debt is debt, robbing Peter to pay Paul wont solve the problem. You must change your attitude toward money</p>
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		<title>By: kom</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-68836</link>
		<dc:creator>kom</dc:creator>
		<pubDate>Mon, 17 Nov 2008 07:01:44 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-68836</guid>
		<description>"You can’t actually use a student loan for this purpose. Student loans are usually awarded with the stipulation that you use them for school-related expenses only"

HA what a load of balls. i spent my student loan on drinks, xbox games, cds and dvds. it never ONCE went on a school book. so the REAL answer is:

YES you can use your student loan to pay off other debts. but its probably a better idea to try the bank.</description>
		<content:encoded><![CDATA[<p>&#8220;You can’t actually use a student loan for this purpose. Student loans are usually awarded with the stipulation that you use them for school-related expenses only&#8221;</p>
<p>HA what a load of balls. i spent my student loan on drinks, xbox games, cds and dvds. it never ONCE went on a school book. so the REAL answer is:</p>
<p>YES you can use your student loan to pay off other debts. but its probably a better idea to try the bank.</p>
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		<title>By: shahadin</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-67872</link>
		<dc:creator>shahadin</dc:creator>
		<pubDate>Fri, 10 Oct 2008 13:51:49 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-67872</guid>
		<description>Student loan consolidation can have many benefits for the career minded student. With the prices of things going through the roof, going to college can be very costly. Many students don’t have thousands of dollars to pay their way through college.</description>
		<content:encoded><![CDATA[<p>Student loan consolidation can have many benefits for the career minded student. With the prices of things going through the roof, going to college can be very costly. Many students don’t have thousands of dollars to pay their way through college.</p>
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		<title>By: wanieda</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-58004</link>
		<dc:creator>wanieda</dc:creator>
		<pubDate>Wed, 23 Jul 2008 17:33:11 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-58004</guid>
		<description>&lt;a href="http://student-loan-consolidationrebate.blogspot.com/"&gt;Student loan consolidation rebate&lt;/a&gt; rebates are usually given by a private company when student loans are consolidated equaling more than $20,000. The more student loans consolidation, the higher the student loan consolidation rebate. This is usually a percentage of the principal loan balance that is either applied to the outstanding loan or sent to the borrower as a cash payment. This can be a very attractive offer, especially when in the form of a cash payment to the borrower.</description>
		<content:encoded><![CDATA[<p><a href="http://student-loan-consolidationrebate.blogspot.com/">Student loan consolidation rebate</a> rebates are usually given by a private company when student loans are consolidated equaling more than $20,000. The more student loans consolidation, the higher the student loan consolidation rebate. This is usually a percentage of the principal loan balance that is either applied to the outstanding loan or sent to the borrower as a cash payment. This can be a very attractive offer, especially when in the form of a cash payment to the borrower.</p>
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		<title>By: Tasha</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-50125</link>
		<dc:creator>Tasha</dc:creator>
		<pubDate>Sun, 04 May 2008 04:04:59 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-50125</guid>
		<description>DON'T GET STUDENT LOANS, EVER, EVER AND EVER...

you will be not only in Debt up to your eyeballs, you will be ASSURED of a life of indebted SLAVERY AND POVERTY till you die,

and its not the loans you take out, its the INTEREST that they COMPOUND AND COMPOUND, until one day, you find you are paying a million for a thousand dollar loan, this is NO JOKE,

its called Predatory Lending, its the biggest CORRUPT SCAM IN THIS NATION, where the wealth 'ELITES' in bed with GOVERNMENT 
DELIBERATELY have set up a system where their EXTORTED WEALTH

is on the backs of the DUPED WHO WERE STUPID ENOUGH TO BELIEVE THAT EDUCATION = THE AMERICAN DREAM.

COLLEGE IS A TOTAL WASTE OF TIME AND ITS NO GUARANTEE THAT YOU'LL BE BETTER OFF, and in FACT,

STATISTICALLY, unless you are from wealthy family OR ARE A MINORITY, [who can get the scholarships/jobs, etc], you are most likely to find yourself lower class-to lower middle class, and IF you went to school as low income student,

believe me, you'll STILL be low income [guaranteed if you are single mother or have kids while attending college],

AND WORSE OFF, AFTER COLLEGE.

if i had to do it all over again,

I WOULD HAVE STAYED ON WELFARE, SOLD DRUGS, AND DONE WHATEVER CRIME THERE WAS TO GET OUT OF POVERTY,

I MAY HAVE DONE TIME IN PRISON, BUT THAT TIME, WOULD BE FAR LESS AND MY KIDS BETTER OFF, BY TIME I GOT OUT,

THAN THEY ARE NOW, AND THERE IS NO WAY, NO WAY OUT...

I MAKE LESS MONEY NOW, WITH COLLEGE...THAN I DID WHEN HOMELESS AND ON WELFARE AND BTW, I WAS WORKING WHEN HOMELESS AND ON WELFARE...

THE MOST STUPID IDIOTIC THING I EVER DID,

WAS GO TO COLLEGE THINKING IT WOULD MAKE A DIFFERENCE...IT DID ALRIGHT,

IT ENSNARED ME INTO A LIFE OF BONDAGE AND POVERTY AND, A LIFE OF DEPENDENCY ON WELFARE [UNLESS I WORK UNDER GRID AND SELL DRUGS OR GET INTO TERRORISM AND BELIEVE ME, THE THOUGHT HAS CROSSED MY MIND],

ITS NOT WORTH IT.  LEARN TO DO WITHOUT,

IN AMERICA...THE DREAM IS AN ILLUSION...THERE ARE EXCEPTIONS, THEY ARE VERY RARE,

its CAPITAL BABY AND IF YOU DON'T HAVE IT OR DON'T HAVE THE MEANS TO EXTORT TO HOARD WEALTH [LIKE SALLIE MAE, ET. AL DO]

FORGET IT...

BETTER OFF POOR,

THAN POOR AND ENSLAVED TO UNCLE SAM.

NO TO STUDENT LOANS...UNLESS YOU ARE ONLY 18 AND NO FAMILY...FORGET IT,

NONTRADITIONAL STUDENTS, RUN, RUN AS FAST AS YOU CAN AWAY FROM COLLEGE,

YOU'D BE BETTER OFF DEALING METH.

THATS PATHETIC YES,

BUT ITS THE DAMN TRUTH.  WELCOME TO CAPITALISM.</description>
		<content:encoded><![CDATA[<p>DON&#8217;T GET STUDENT LOANS, EVER, EVER AND EVER&#8230;</p>
<p>you will be not only in Debt up to your eyeballs, you will be ASSURED of a life of indebted SLAVERY AND POVERTY till you die,</p>
<p>and its not the loans you take out, its the INTEREST that they COMPOUND AND COMPOUND, until one day, you find you are paying a million for a thousand dollar loan, this is NO JOKE,</p>
<p>its called Predatory Lending, its the biggest CORRUPT SCAM IN THIS NATION, where the wealth &#8216;ELITES&#8217; in bed with GOVERNMENT<br />
DELIBERATELY have set up a system where their EXTORTED WEALTH</p>
<p>is on the backs of the DUPED WHO WERE STUPID ENOUGH TO BELIEVE THAT EDUCATION = THE AMERICAN DREAM.</p>
<p>COLLEGE IS A TOTAL WASTE OF TIME AND ITS NO GUARANTEE THAT YOU&#8217;LL BE BETTER OFF, and in FACT,</p>
<p>STATISTICALLY, unless you are from wealthy family OR ARE A MINORITY, [who can get the scholarships/jobs, etc], you are most likely to find yourself lower class-to lower middle class, and IF you went to school as low income student,</p>
<p>believe me, you&#8217;ll STILL be low income [guaranteed if you are single mother or have kids while attending college],</p>
<p>AND WORSE OFF, AFTER COLLEGE.</p>
<p>if i had to do it all over again,</p>
<p>I WOULD HAVE STAYED ON WELFARE, SOLD DRUGS, AND DONE WHATEVER CRIME THERE WAS TO GET OUT OF POVERTY,</p>
<p>I MAY HAVE DONE TIME IN PRISON, BUT THAT TIME, WOULD BE FAR LESS AND MY KIDS BETTER OFF, BY TIME I GOT OUT,</p>
<p>THAN THEY ARE NOW, AND THERE IS NO WAY, NO WAY OUT&#8230;</p>
<p>I MAKE LESS MONEY NOW, WITH COLLEGE&#8230;THAN I DID WHEN HOMELESS AND ON WELFARE AND BTW, I WAS WORKING WHEN HOMELESS AND ON WELFARE&#8230;</p>
<p>THE MOST STUPID IDIOTIC THING I EVER DID,</p>
<p>WAS GO TO COLLEGE THINKING IT WOULD MAKE A DIFFERENCE&#8230;IT DID ALRIGHT,</p>
<p>IT ENSNARED ME INTO A LIFE OF BONDAGE AND POVERTY AND, A LIFE OF DEPENDENCY ON WELFARE [UNLESS I WORK UNDER GRID AND SELL DRUGS OR GET INTO TERRORISM AND BELIEVE ME, THE THOUGHT HAS CROSSED MY MIND],</p>
<p>ITS NOT WORTH IT.  LEARN TO DO WITHOUT,</p>
<p>IN AMERICA&#8230;THE DREAM IS AN ILLUSION&#8230;THERE ARE EXCEPTIONS, THEY ARE VERY RARE,</p>
<p>its CAPITAL BABY AND IF YOU DON&#8217;T HAVE IT OR DON&#8217;T HAVE THE MEANS TO EXTORT TO HOARD WEALTH [LIKE SALLIE MAE, ET. AL DO]</p>
<p>FORGET IT&#8230;</p>
<p>BETTER OFF POOR,</p>
<p>THAN POOR AND ENSLAVED TO UNCLE SAM.</p>
<p>NO TO STUDENT LOANS&#8230;UNLESS YOU ARE ONLY 18 AND NO FAMILY&#8230;FORGET IT,</p>
<p>NONTRADITIONAL STUDENTS, RUN, RUN AS FAST AS YOU CAN AWAY FROM COLLEGE,</p>
<p>YOU&#8217;D BE BETTER OFF DEALING METH.</p>
<p>THATS PATHETIC YES,</p>
<p>BUT ITS THE DAMN TRUTH.  WELCOME TO CAPITALISM.</p>
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		<title>By: Janni</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-49460</link>
		<dc:creator>Janni</dc:creator>
		<pubDate>Tue, 29 Apr 2008 16:33:34 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-49460</guid>
		<description>Diligent savers can use student loans to their advantage. The real answer is: it depends. However as a rule of thumb, the lower the interest rate on your loans, the better off you'll be just paying the minimum monthly payment and nothing more. Take the extra money you were going to pay on your loan and invest it instead.</description>
		<content:encoded><![CDATA[<p>Diligent savers can use student loans to their advantage. The real answer is: it depends. However as a rule of thumb, the lower the interest rate on your loans, the better off you&#8217;ll be just paying the minimum monthly payment and nothing more. Take the extra money you were going to pay on your loan and invest it instead.</p>
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		<title>By: Debt Settlement</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-49078</link>
		<dc:creator>Debt Settlement</dc:creator>
		<pubDate>Wed, 23 Apr 2008 15:57:06 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-49078</guid>
		<description>A co-signer will be on the hook if you don’t pay the loan, so whoever it is needs to know your intentions with this loan.</description>
		<content:encoded><![CDATA[<p>A co-signer will be on the hook if you don’t pay the loan, so whoever it is needs to know your intentions with this loan.</p>
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		<title>By: buy beats</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-43825</link>
		<dc:creator>buy beats</dc:creator>
		<pubDate>Wed, 13 Feb 2008 04:47:27 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-43825</guid>
		<description>looking back now I should have invested it instead of paying of debt, but with the low intrest rate and the grace period, its appears to be a very smart thing to do. Too bad bankruptcy won;t erase it.</description>
		<content:encoded><![CDATA[<p>looking back now I should have invested it instead of paying of debt, but with the low intrest rate and the grace period, its appears to be a very smart thing to do. Too bad bankruptcy won;t erase it.</p>
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		<title>By: clint</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-21933</link>
		<dc:creator>clint</dc:creator>
		<pubDate>Sun, 04 Nov 2007 05:00:29 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-21933</guid>
		<description>Student loan debt is good if you can get college done with because of it. But it is still debt. no mater how you look at it. 
I would say get out of debt of all kinks so as to not have to pay intrest. Pay intrest bad keep more of your hard earned money good.</description>
		<content:encoded><![CDATA[<p>Student loan debt is good if you can get college done with because of it. But it is still debt. no mater how you look at it.<br />
I would say get out of debt of all kinks so as to not have to pay intrest. Pay intrest bad keep more of your hard earned money good.</p>
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		<title>By: dong</title>
		<link>http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/comment-page-1/#comment-4300</link>
		<dc:creator>dong</dc:creator>
		<pubDate>Thu, 14 Jun 2007 01:21:37 +0000</pubDate>
		<guid isPermaLink="false">http://poorerthanyou.com/2007/06/06/reader-question-student-loan-to-pay-off-debts/#comment-4300</guid>
		<description>I think the thing about student loans is that most people are going to be actually be more in debt later so it's probably wise to take the cheaper debt not instead of borrowing more at higher cost later.  This is of course assuming you won't waste the money...</description>
		<content:encoded><![CDATA[<p>I think the thing about student loans is that most people are going to be actually be more in debt later so it&#8217;s probably wise to take the cheaper debt not instead of borrowing more at higher cost later.  This is of course assuming you won&#8217;t waste the money&#8230;</p>
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