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re: how do i go about consolidating student loans
Posted on 1/30/13 at 1:48 pm to hiltacular
Posted on 1/30/13 at 1:48 pm to hiltacular
quote:
In college, my parents took out a loan in my name to pay off tuition. I don't remember signing anything.. I could easily see someone thinking that the loan would be small when in actuality it was really big.
My loan was only $2k fwiw so it was really no big deal.
It sounds like the $60k loan wasn't for his wife, but for his MIL's education. His wife was a co-signer.
1
Posted on 1/30/13 at 3:26 pm to Golfer
Backwards ... MIL took out the loans in daughter/wife's name, but money was for daughter/wife to go to school.
She always knew she had loans, but they were smaller ones each year (Stafford, etc.). We're in the process of buying our first home now, and looking through her credit report we noticed one lump sump loan that was worth more than double the previous balance of all the other smaller ones combined.
Wife certainly doesn't remember signing for it.. MIL claims it was ANOTHER series of smaller loans that got consolidated into one giant one (even though it's not labeled as consolidated).
She always knew she had loans, but they were smaller ones each year (Stafford, etc.). We're in the process of buying our first home now, and looking through her credit report we noticed one lump sump loan that was worth more than double the previous balance of all the other smaller ones combined.
Wife certainly doesn't remember signing for it.. MIL claims it was ANOTHER series of smaller loans that got consolidated into one giant one (even though it's not labeled as consolidated).
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