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To: RealMuLan who wrote (28595)	2/9/2003 2:14:50 PM
From: Moominoid	Read Replies (1) \| Respond to of 74559

This is for years for college tuition as well as living expenses in college (grad school)... both family and friends... of course they wouldn't borrow money to go out to buy a fancy car.. the biggest tuition loan is piling up interest from the start as the cousin borrowed the money from a bank... she is worried about the upcoming higher interest rates on credit cards... but she doesn't see first hand the interest piling up on the bank loan and so it gets ignored... Personally I only borrowed money for non-investment purposes when I was a grad student in the US and was limited in employment opportunities and recently when moving back to the US... I would be very reluctant to borrow money to buy a house... I'd be much happier to borrow against a house to invest elsewhere :) My ethnic group is Jewish and I was born in Britain.. lived in US, Israel, Australia, and the UK. moom