Ask Terry Questions Student loans

Student loans

By Terry Savage on October 09, 2023 | College Savings / Student Loans

Hi Terry. I’m a retired Chicago Police Sgt. and I have my deferred comp account that is doing well. We’re thinking about paying a good chunk of our part of student loans we took to help our son for college. Should we do this or just pay the loan as it comes monthly?

Terry Says

First, please go to and consult Rae about any loan forgiveness programs or writeoffs, which you might be eligible for. Depending on who took out the loan (which spouse) and your current income, you might be surprised. And do write back and let me know what you find out!!

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