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Tuesday, May 24, 2011

Student Loan Payments as Gifts

Are you getting married or is your birthday coming up? For any holiday that you know you will receive gifts, you can do a gift registry for student loan payments at Lily's List. It's a website that allows you to register your student loan payoff amount and your friends and family are then able to donate to make that student loan disappear. They have template emails that you can use so it doesn't seem odd to register your student loans instead of wedding china on your gift registry.

This is a great resource. Of course, if you will only be receiving gifts from your parents and siblings, for example, maybe it's better to just give them the account number to your student loans as Lily's List charges you $15 to register, and $2.75 for every gift amount received.

2 comments:

  1. Hey thank you for posting about Lily's List!! Just want to clarify that the student does pay $15 to register for the service that L.L. provides. However, it is the donor (not the student) that pays a $2.75 credit card transaction fee when putting a gift donation into a student's loan account.

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  2. Thanks for the nice blog. It was very useful for me. I'm happy I found this blog. Thank you for sharing with us,I too always learn something new from your post. how much can you borrow builders loan

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