Quote:
Originally Posted by Wazu
Okay, stand corrected on that part, then. I have heard of companies making a business out of collecting on student loans just like they would credit cards. Maybe some of that has changed with the recent overhaul to credit rules. Surprised it doesn't affect credit rating, though.
|
Nothing is changed. You keep paying the monthly payment during those 5 years, so there is no reason for collectors to call. The question isn't whether or not he should stop paying. The question is whether he should just pay the whole thing off and be done with it.