What would you do?

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    • #261903

      Fannie Mae = house and Sallie Mae = school?

      The “tax deduction” from house interest means you pay the bank $1,000 to save $10 – gee wow!!! And you also get a tax deduction from your school loan interest as well – at least we get a tax form every year that say to report xxxx interest from student loan for deduction purposes.

      I am watching DH's loans grow at an alarming rate while in deferment – going to start paying them next year as soon as I get his collections under control. And his are Sallie Mae.

      On Mon, Aug 18, 2008 at 2:50 PM, Charlotte <carmstr1@sbcglobal.net> wrote:

      11pt;color: blue;”>When I hear
      student loan, I think of Fannie Mae – which are low interest and you don’t gain
      anything by paying them off early. The interest is included on what you pay
      back and it doesn’t grow (at least mine didn’t 20 years ago – I don’t know if
      they are different now).

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