http://getoutofdebt.org/5790/im-in-my-second-year-of-law-school-and-want-to-drop-out-but-what-about-my-loans-brad Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Mon, 13 Feb 2012 01:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://getoutofdebt.org/5790/im-in-my-second-year-of-law-school-and-want-to-drop-out-but-what-about-my-loans-brad#comment-7479 Tricia Fri, 01 May 2009 11:25:43 +0000 http://getoutofdebt.org/?p=5790#comment-7479 Call your loan company and ask them about the rollover. They are the best ones to answer that question. You also want to double check on if you will still have the 6 month deferrment once you drop out of school. I think you will but you need to know that. Websites like Sallie Mae have a loan payment calculator available and can help you figure out what your payments will look like. (we just started paying back my husbands student loans of 35K) You may also want to call your credit card company and see if you can get a reduced interest rate. If you do get a lower paying job you will have to seriously look at your expenses. Can you reduce your rent by getting a roommate? Do you really need that nice car with the big payment? Could you only go out with friends 1x/wk as opposed to 3 or 4? Every dollar adds up faster than you think! Keep track of every dime you spend for 2 weeks then ask yourself was that expense a want or a need. If it's not a need it should be reevaluated. :) Call your loan company and ask them about the rollover. They are the best ones to answer that question. You also want to double check on if you will still have the 6 month deferrment once you drop out of school. I think you will but you need to know that. Websites like Sallie Mae have a loan payment calculator available and can help you figure out what your payments will look like. (we just started paying back my husbands student loans of 35K) You may also want to call your credit card company and see if you can get a reduced interest rate. If you do get a lower paying job you will have to seriously look at your expenses. Can you reduce your rent by getting a roommate? Do you really need that nice car with the big payment? Could you only go out with friends 1x/wk as opposed to 3 or 4? Every dollar adds up faster than you think! Keep track of every dime you spend for 2 weeks then ask yourself was that expense a want or a need. If it’s not a need it should be reevaluated. :)

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