Thursday, March 24, 2005

No Free Lunch for Sallie.

I had an idea today on the train home from work as a possible way to attack these dreadful student loans. Where I work they will subsidize education that is relevant to my job. So I realized that I might be able to get my work to pay for a class or two, which would make me eligible for a deferment of at least some of my loans. During deferment the loans don't accrue interest, so if I continued to make regular payments I could knock down the principal more quickly. I just called Sallie Mae and they said that I would have to be in school at least half-time, which is determined by the school.

Now, to find a school that considers one class half time and offers some rudimentary accounting or economics class one night per week.

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