To avoid what is now called “Metabolic Syndrome” there are five numbers that have to be within certain limits for you to have the best chance at not developing diseases like heart disease and diabetes. Also, to reduce your chances of having a heart attack or stroke. They are: cholesterol, blood pressure, triglycerides, blood sugar and waist circumference. You will most likely be prescribed medications to keep the numbers under control if you fall outside the limits. Thankfully, doctors are giving their patients “warnings” before they prescribe the medications. The warnings include encouraging the patient to eat right and exercise or else the medications will have to be prescribed. If not, here come the drugs.
As a grateful recipient of student loans in order to get an education, no one ever explained to me the difference between forbearance and deferment. When I was having trouble paying the monthly bill, I called and it went something like this:
“I’m having financial trouble and I’m not able to pay my loan payment this month. OK, when can you start paying again?” Apprehensive, I said in a couple of months. “Great. Just send the payment then.” That’s it? Yup. I though, wow, they are so helpful and understanding. After doing this a couple more times I started noticing my balance go way up. The owners of the loan don’t tell you that in a forbearance, the interest on the loan continues to accrue and so in the end you have a much bigger problem on your hands. In many cases, students have seen their balances double.
That’s how it is with taking medications that are due to lifestyle. Medications due to lifestyle related issues are supposed to buy you some time so you can make the necessary changes in your life to eventually get OFF the drug. It’s a forbearance to your lifestyle you can’t afford. What happens is that most people find it easy just to take their pill (the forbearance) and continue on with their life without realizing that there’s some interest building up that will come due later on in life.