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Hi there, doing the NY character and fitness now. This is kind of a weird question, but is there any harm in writing an addendum explaining that I have a plan for paying off my loan debt? I have a firm job and I've used those debt calculators. I can definitely pay it off in ten years or less. If you look at my credit report it looks like I have a million student loans out but some have been consolidated/combined or paid off. I have a lot of debt because I took out loans in undergrad and law school. I read there was some guy who was denied admission because he had too much debt and had no "plan" and I got all paranoid. Didn't know if an addendum would make me look crazy. I have never missed a payment on anything ever in my 9-year credit history, but my undergrad loans are in forbearance right now because I graduated in December and don't start my firm job until Sept. (I've made a couple of payments but the interest rates are low and I would rather save money for moving... May make a payment or two though if it makes me look better for the bar people.)

Thanks.

Bump. Also curious.

Oh, damn. Just realized this is from 2015, not 2016. OP, what did you end up doing? I'm in an identical situation.

That's weird. Don't do that. Don't draw attention to your loans, which are probably fine unless they exceed a half million or something ridiculous. They care about debts which are past due 90 days or more if I recall correctly, not whether you have a plan to pay down debt.

They care about debts which are past due 90 days or more?


GOOD TO KNOW