Originally Posted by
JMT21
Something else to think about: Student loans payments are only tax deductible up until you hit a certain income level - somewhere around $50k I think, but not sure (I know it's low enough that you will hit it sooner than you think). Take out a home equity loan (obviously you have to own a house) and pay off your student loans. All payments on it should be tax deductible regardless of income level.
that's a great idea! then when you get furloughed you can be broke and homeless.
if you default or get behind on you students loans your credit will be ruined. get behind on a HELOC and they will take your house. I know this makes sense on paper as far as mathematics but i would advise against it. I also heavily recommend the aforementioned book as well.