[Raybyrnes]

Funny thing about time shares. They are always sold and rarely bought. Bu once you have them they are very nice. My family bought one several years ago becasue my mother wanted the faqmily to spend time together. It forces you to take a break and are budget friendly once the upfront cost is paid.

Best way of getting a deal on these is to either buy in the secondary market or pick an unwanted destination with a large network. For instance choose July in Scottsdale when it is 120 and the resort is just looking to move product. You can get your unit cheap and then pay the transfer fee to use anywhere else that resort has an affiliation.

[Raybyrnes]

Funny thing about time shares. They are always sold and rarely bought. Bu once you have them they are very nice. My family bought one several years ago becasue my mother wanted the faqmily to spend time together. It forces you to take a break and are budget friendly once the upfront cost is paid.

Best way of getting a deal on these is to either buy in the secondary market or pick an unwanted destination with a large network. For instance choose July in Scottsdale when it is 120 and the resort is just looking to move product. You can get your unit cheap and then pay the transfer fee to use anywhere else that resort has an affiliation.

[Raybyrnes]

Funny thing about time shares. They are always sold and rarely bought. Bu once you have them they are very nice. My family bought one several years ago becasue my mother wanted the faqmily to spend time together. It forces you to take a break and are budget friendly once the upfront cost is paid.

Best way of getting a deal on these is to either buy in the secondary market or pick an unwanted destination with a large network. For instance choose July in Scottsdale when it is 120 and the resort is just looking to move product. You can get your unit cheap and then pay the transfer fee to use anywhere else that resort has an affiliation.

[Raybyrnes]

Funny thing about time shares. They are always sold and rarely bought. Bu once you have them they are very nice. My family bought one several years ago becasue my mother wanted the faqmily to spend time together. It forces you to take a break and are budget friendly once the upfront cost is paid.

Best way of getting a deal on these is to either buy in the secondary market or pick an unwanted destination with a large network. For instance choose July in Scottsdale when it is 120 and the resort is just looking to move product. You can get your unit cheap and then pay the transfer fee to use anywhere else that resort has an affiliation.

[Raybyrnes]

Funny thing about time shares. They are always sold and rarely bought. Bu once you have them they are very nice. My family bought one several years ago becasue my mother wanted the faqmily to spend time together. It forces you to take a break and are budget friendly once the upfront cost is paid.

Best way of getting a deal on these is to either buy in the secondary market or pick an unwanted destination with a large network. For instance choose July in Scottsdale when it is 120 and the resort is just looking to move product. You can get your unit cheap and then pay the transfer fee to use anywhere else that resort has an affiliation.

[Raybyrnes]

There are some ways out of this. If your 18 year old enlists in the military, gets married or has a child then mom and dad are out of the equaision. Technicalities but important none the less.

Side note with respect to loan forgiveness. If you child is not at a DIRECT LENING school as opposed to schools using the FFELP program they will have to consolidate the loans with the Direct lending program to qualify for the Loan Forgiveness.

With that in mind understand that any borrower incentives offered now would be lost if the loans wer consolidated so there are some trade offs.

Additionally if there is any waiver of origination fees you typically need to keep you loans with that organization for 2 years or they will charge you back on the fee. It is spelled out in the paperwork and makes sense becasue they would lose money if they paid the fee never collected a dollar and then had someone buy the loan out.

Good Luck

Would not have used all of the 529 during the first 2 years might have had the student borrow and spread the 529 monies out over the 4 years. Market is tanking so might have worked to your advantage.

[Raybyrnes]

There are some ways out of this. If your 18 year old enlists in the military, gets married or has a child then mom and dad are out of the equaision. Technicalities but important none the less.

Side note with respect to loan forgiveness. If you child is not at a DIRECT LENING school as opposed to schools using the FFELP program they will have to consolidate the loans with the Direct lending program to qualify for the Loan Forgiveness.

With that in mind understand that any borrower incentives offered now would be lost if the loans wer consolidated so there are some trade offs.

Additionally if there is any waiver of origination fees you typically need to keep you loans with that organization for 2 years or they will charge you back on the fee. It is spelled out in the paperwork and makes sense becasue they would lose money if they paid the fee never collected a dollar and then had someone buy the loan out.

Good Luck

Would not have used all of the 529 during the first 2 years might have had the student borrow and spread the 529 monies out over the 4 years. Market is tanking so might have worked to your advantage.

[Raybyrnes]

There are some ways out of this. If your 18 year old enlists in the military, gets married or has a child then mom and dad are out of the equaision. Technicalities but important none the less.

Side note with respect to loan forgiveness. If you child is not at a DIRECT LENING school as opposed to schools using the FFELP program they will have to consolidate the loans with the Direct lending program to qualify for the Loan Forgiveness.

With that in mind understand that any borrower incentives offered now would be lost if the loans wer consolidated so there are some trade offs.

Additionally if there is any waiver of origination fees you typically need to keep you loans with that organization for 2 years or they will charge you back on the fee. It is spelled out in the paperwork and makes sense becasue they would lose money if they paid the fee never collected a dollar and then had someone buy the loan out.

Good Luck

Would not have used all of the 529 during the first 2 years might have had the student borrow and spread the 529 monies out over the 4 years. Market is tanking so might have worked to your advantage.

[Raybyrnes]

There are some ways out of this. If your 18 year old enlists in the military, gets married or has a child then mom and dad are out of the equaision. Technicalities but important none the less.

Side note with respect to loan forgiveness. If you child is not at a DIRECT LENING school as opposed to schools using the FFELP program they will have to consolidate the loans with the Direct lending program to qualify for the Loan Forgiveness.

With that in mind understand that any borrower incentives offered now would be lost if the loans wer consolidated so there are some trade offs.

Additionally if there is any waiver of origination fees you typically need to keep you loans with that organization for 2 years or they will charge you back on the fee. It is spelled out in the paperwork and makes sense becasue they would lose money if they paid the fee never collected a dollar and then had someone buy the loan out.

Good Luck

Would not have used all of the 529 during the first 2 years might have had the student borrow and spread the 529 monies out over the 4 years. Market is tanking so might have worked to your advantage.

[Raybyrnes]

There are some ways out of this. If your 18 year old enlists in the military, gets married or has a child then mom and dad are out of the equaision. Technicalities but important none the less.

Side note with respect to loan forgiveness. If you child is not at a DIRECT LENING school as opposed to schools using the FFELP program they will have to consolidate the loans with the Direct lending program to qualify for the Loan Forgiveness.

With that in mind understand that any borrower incentives offered now would be lost if the loans wer consolidated so there are some trade offs.

Additionally if there is any waiver of origination fees you typically need to keep you loans with that organization for 2 years or they will charge you back on the fee. It is spelled out in the paperwork and makes sense becasue they would lose money if they paid the fee never collected a dollar and then had someone buy the loan out.

Good Luck

Would not have used all of the 529 during the first 2 years might have had the student borrow and spread the 529 monies out over the 4 years. Market is tanking so might have worked to your advantage.

[Raybyrnes]

went to Stanfords website to see what type of borrower benefits were available. This is offered from CITI

Amount of loan: $5,500.00
Borrower rewards are incentives that lenders give you for meeting certain criteria. Many lenders offer borrower rewards to encourage borrowers to choose their loan product over competing options. What should I be aware of?

Turn Borrower Rewards On/Off
Check or uncheck a reward to see the effect it may have on the pricing for this loan.

Reward Type Possible Savings
Automatically applied
0.50% interest rate reduction at repayment $204.06
On-time payments
Last 6 payments free when all payments made on-time and minimum aggregate loan balance of $4,500 $473.10
Auto-debit of payments
0.25% interest rate reduction for automatic debit of payments and electronic statements $101.46

[Raybyrnes]

went to Stanfords website to see what type of borrower benefits were available. This is offered from CITI

Amount of loan: $5,500.00
Borrower rewards are incentives that lenders give you for meeting certain criteria. Many lenders offer borrower rewards to encourage borrowers to choose their loan product over competing options. What should I be aware of?

Turn Borrower Rewards On/Off
Check or uncheck a reward to see the effect it may have on the pricing for this loan.

Reward Type Possible Savings
Automatically applied
0.50% interest rate reduction at repayment $204.06
On-time payments
Last 6 payments free when all payments made on-time and minimum aggregate loan balance of $4,500 $473.10
Auto-debit of payments
0.25% interest rate reduction for automatic debit of payments and electronic statements $101.46

[Raybyrnes]

went to Stanfords website to see what type of borrower benefits were available. This is offered from CITI

Amount of loan: $5,500.00
Borrower rewards are incentives that lenders give you for meeting certain criteria. Many lenders offer borrower rewards to encourage borrowers to choose their loan product over competing options. What should I be aware of?

Turn Borrower Rewards On/Off
Check or uncheck a reward to see the effect it may have on the pricing for this loan.

Reward Type Possible Savings
Automatically applied
0.50% interest rate reduction at repayment $204.06
On-time payments
Last 6 payments free when all payments made on-time and minimum aggregate loan balance of $4,500 $473.10
Auto-debit of payments
0.25% interest rate reduction for automatic debit of payments and electronic statements $101.46

[Raybyrnes]

went to Stanfords website to see what type of borrower benefits were available. This is offered from CITI

Amount of loan: $5,500.00
Borrower rewards are incentives that lenders give you for meeting certain criteria. Many lenders offer borrower rewards to encourage borrowers to choose their loan product over competing options. What should I be aware of?

Turn Borrower Rewards On/Off
Check or uncheck a reward to see the effect it may have on the pricing for this loan.

Reward Type Possible Savings
Automatically applied
0.50% interest rate reduction at repayment $204.06
On-time payments
Last 6 payments free when all payments made on-time and minimum aggregate loan balance of $4,500 $473.10
Auto-debit of payments
0.25% interest rate reduction for automatic debit of payments and electronic statements $101.46

[Raybyrnes]

went to Stanfords website to see what type of borrower benefits were available. This is offered from CITI

Amount of loan: $5,500.00
Borrower rewards are incentives that lenders give you for meeting certain criteria. Many lenders offer borrower rewards to encourage borrowers to choose their loan product over competing options. What should I be aware of?

Turn Borrower Rewards On/Off
Check or uncheck a reward to see the effect it may have on the pricing for this loan.

Reward Type Possible Savings
Automatically applied
0.50% interest rate reduction at repayment $204.06
On-time payments
Last 6 payments free when all payments made on-time and minimum aggregate loan balance of $4,500 $473.10
Auto-debit of payments
0.25% interest rate reduction for automatic debit of payments and electronic statements $101.46

[Author]

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