<p>we didn't have student loans- but we have had large credit card debt that resulted from periods of unemployment/ inadequate health insurance.
We have paid those bills off- but only because we were able to reduce /eliminate interest. If that wasn't possible, we would probably still be paying it off.
I wonder how much of James Lockharts $77,000 debt was interest.
I understand that education loans need to be paid back- but to take money from an elderly man who is already living on less than $900 a month?
You might as well take candy from a baby.</p>
<p>I am sure they still have the stubs- but for our PLUS loan, they lower the interest rate if they can automatically deduct it from your account.
Im sure they do the same for Stafford and Perkins.</p>