- 64,964
- 196,091
All you brahs with federal student loan debt need to look into income based repayment.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
All you brahs with federal student loan debt need to look into income based repayment.
Just be careful playing with the fed gov. They can hit you with that lien and seize your assets if you're not compliant.
Worrying about the finer things in life and they'll come through and just put all those fine things you've been enjoying up for auction.
pay your bills, namely your FEDERAL student loans. dummies, you're playing with fire.
private student loans are even worse...most of the time have adjustable rates and they are relatively unregulated and its damn near impossible to discharge them in court...
This plan of yours isn't fully thought out. SMH at whoever repped this man for this post....
Most, if not all loans, with particular emphasis on Student Loans, come with a side of "interest."
If your plan is to pay $50 to $100 per month for 40 years, odds are that the money/your payments are going towards the accrued interest (and barely, if I may add), and not the principle. You'd honestly never pay down your debt.
So, simply stated, your approach and tactic is meaningless. Might as well not pay anything--and face the consequences like a man.
Now I aint about to sit here and defend these ridiculous scumbag educational loan companies, but folks like you are equally as ridiculous, if not more so. No one asked you to go to an expensive school, and finance your education with burrowed money. You did all of that of your own volition; own up to yo' responsibilities like a man.
...
To the dude who isn't paying his loans, you know your credit is about to be screwed right?
I've always thought this a simple process.
1. Set aside money for life expenses. Ex. rent, bills, child support
2. Set aside money for debts. Ex. credit card, college
3. Set aside money for a particular purchase. Ex. a new appliance
4. Save the rest.
I dont pay back my loans . They will probably never get the money until Hit the lottery.
I pay myself first before others.Suprised people pay them back in this economy
If they can work something out $50 or even $100 per month for 40 years then i will start paying
They need top change the laws so people who owe student loans pay like $50 -$100 a month for like 45 years so people wont be stressed and broke over loans. I mean all our life we our pushed and taught to go to school to better ourselves but are we really if we are stressed out over the school loans, and less money we have
Average loan is what 40k maybe. Gov/loans should say screw it and just make people pay back $50 or even $100 a month for 40 years. or even for the rest of their life until the loan is paid/ i would be more then willing to do that and I'm sure others would be too Then everyone will pay, the GOV will collect more money, less people worried and stressed, less money sending accounts to collections
and they will take ur taxes as soon as you file.
Now private loans are easy to discharge. Feds you can't really
I thought he was joking when he made that post.This plan of yours isn't fully thought out. SMH at whoever repped this man for this post....
Most, if not all loans, with particular emphasis on Student Loans, come with a side of "interest."
If your plan is to pay $50 to $100 per month for 40 years, odds are that the money/your payments are going towards the accrued interest (and barely, if I may add), and not the principle. You'd honestly never pay down your debt.
So, simply stated, your approach and tactic is meaningless. Might as well not pay anything--and face the consequences like a man.
Now I aint about to sit here and defend these ridiculous scumbag educational loan companies, but folks like you are equally as ridiculous, if not more so. No one asked you to go to an expensive school, and finance your education with burrowed money. You did all of that of your own volition; own up to yo' responsibilities like a man.
...
When you file your taxes, don't they see that you're not paying back your loans? Something ain't adding up here....
I'm goin to graduate with 25 - 30k
Bachelors in Public Administration (psychology minor)
I'm hoping the payments are right around 300 but if I can land a job making 40-70k a year I'm just going to live meager and pay the whole thing off in 2 years. I think 50k is reasonable if you hustle putting in those applications. If you have 80k+ in student loans you should have majored in Engineering, Medicine, Engineering, Law (Maybe), Computer Science, or Engineering. Any other major is unacceptable. I would've thrown business in there but the people who are smart enough to become wealthy in business are smart enough to manage their debt. I really don't want to bash anyone. I learned all this while in school and I changed majors 3 times. They don't give us the info until we're knee deep in it. It's like they're freemasons the way they lead you in blind.
OP: I can't give any advice on managing your loans except to say make more money. And I don't know your major so I don't know what careers you can look for