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- May 9, 2004
i hope you touching 6 figures bruhOriginally Posted by IdealApotheosis
I want to say 170K+? It costs a lot to go through Pharmacy school in CA.
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i hope you touching 6 figures bruhOriginally Posted by IdealApotheosis
I want to say 170K+? It costs a lot to go through Pharmacy school in CA.
My sister is a teacher at IPS and is getting the same deal, she teaches special ed at one of the poverty level schools. Im fairly positive she told me that they are paying 100% of her loans off after 3 years but she has to still work at least 5 years.Originally Posted by ohdannyboy
Antoekneeo summed it up. And like op said, you have to get a teaching credential. Indianapolis Public Schools suck big time, in order to retain quality teachers, they're offering incentives in the form of loan forgiveness. It won't be easy, but the payoff will be worth it. And of course, this doesn't apply to private loans.Originally Posted by mikejs210
I thought it was 10 years? I read about this somewhere.Originally Posted by jdizzle75
please explain.
Edit: Just figured out what your sn was, ANtoeKNEEo, Antonio. Still second behind mycoldyourdone tho
How many phone calls a day do you get?Originally Posted by KingSuperbIV
I owe 60k. 'm not even pressed about these student loans and never will be. i already came to the conclusion the only way they will get their money is if i hit the lottery.
Havent paid on my loans in 5 years
Originally Posted by INshoeKid
My sister is a teacher at IPS and is getting the same deal, she teaches special ed at one of the poverty level schools. Im fairly positive she told me that they are paying 100% of her loans off after 3 years but she has to still work at least 5 years.Originally Posted by ohdannyboy
Antoekneeo summed it up. And like op said, you have to get a teaching credential. Indianapolis Public Schools suck big time, in order to retain quality teachers, they're offering incentives in the form of loan forgiveness. It won't be easy, but the payoff will be worth it. And of course, this doesn't apply to private loans.Originally Posted by mikejs210
I thought it was 10 years? I read about this somewhere.
Edit: Just figured out what your sn was, ANtoeKNEEo, Antonio. Still second behind mycoldyourdone tho
Honestly, forget consolidation. It's only going to extend the pain even longer.
Your best bet is to get a 2nd job on the side and use every penny you can to
knock them out. Otherwise, you're going to be paying your loans back by the
time your kids are ready to go to
college.
Yup.
You hear about the new Loans too right?
It USED to be that when you get subsidized loans, loans you dont gotta pay till you graduate/leave school, that the interest that builds while your in school was paid by the govt. NOW the interest isnt paid at all. So your balances coming out of school are going to be much higher. To me that sounds like a pretty drastic change, im surprised I dont hear more ppl talking about it
If youre in school, i'd seriously consider putting some money towards your balances even when your in school. If possible, take the minimum amount of loan that you need.
Scraping by during school>>>>Struggling after
Originally Posted by The Encore
Sallie Mae wasn't and still isn't trying to work w/ me to lower my payments ... They are asking for about 1K+ a month ... I told them to Eat a D, and they can get the money when I kill myself due to them pressuring me
Originally Posted by kobe4threebang
Originally Posted by The Encore
Sallie Mae wasn't and still isn't trying to work w/ me to lower my payments ... They are asking for about 1K+ a month ... I told them to Eat a D, and they can get the money when I kill myself due to them pressuring me
u relize when u take out a loan its your job to pay it back not the banks job to "work with you" its nt the banks fault that u took out a large amt of money and cant pay it back everybody blames stuff on the bank and talks abt how crappy they are but i bet you werent saying that when they lent u i assume 60k+ in stl (based upon your pymts) there are reasons why they cant just lower your pymt to something like 500 a month, and what do u hope to accomplish by telling them to "eat a d" they will charge it off and go after property and wages/taxes
Originally Posted by IdealApotheosis
I want to say 170K+? It costs a lot to go through Pharmacy school in CA.
serious response - please explain houw they are the same (i'm ignorant to the situation).Originally Posted by ohdannyboy
Originally Posted by kobe4threebang
Originally Posted by The Encore
Sallie Mae wasn't and still isn't trying to work w/ me to lower my payments ... They are asking for about 1K+ a month ... I told them to Eat a D, and they can get the money when I kill myself due to them pressuring me
u relize when u take out a loan its your job to pay it back not the banks job to "work with you" its nt the banks fault that u took out a large amt of money and cant pay it back everybody blames stuff on the bank and talks abt how crappy they are but i bet you werent saying that when they lent u i assume 60k+ in stl (based upon your pymts) there are reasons why they cant just lower your pymt to something like 500 a month, and what do u hope to accomplish by telling them to "eat a d" they will charge it off and go after property and wages/taxes
Shut up dude.
Banks are treating student loans in the same manner that caused the housing market to crash. To assume that banks are not partially at fault is laughable.
Originally Posted by Mojodmonky1
serious response - please explain houw they are the same (i'm ignorant to the situation).Originally Posted by ohdannyboy
Originally Posted by kobe4threebang
u relize when u take out a loan its your job to pay it back not the banks job to "work with you" its nt the banks fault that u took out a large amt of money and cant pay it back everybody blames stuff on the bank and talks abt how crappy they are but i bet you werent saying that when they lent u i assume 60k+ in stl (based upon your pymts) there are reasons why they cant just lower your pymt to something like 500 a month, and what do u hope to accomplish by telling them to "eat a d" they will charge it off and go after property and wages/taxes
Shut up dude.
Banks are treating student loans in the same manner that caused the housing market to crash. To assume that banks are not partially at fault is laughable.
Generally speaking, I am of the same school of thought as kobe4threebang. I pay back what I borrow, and if I dont (for whatever reason, no matter how legitimate) I accept the consequences of not paying back that loan. Even if you make the argument that the banks lent student loan money to students who should not have qualified for it, no one forced the student to take it. Once they agreed to take the loan, the responsibility to pay it back lies with them no matter how ridiculous the terms of the loan are.
Speaking from my own experience. Like every other college student, I was hounded by the credit card signup tables on campus and like many stupid college kids, I took out multiple credit cards. For some ungodly reason, these credit card companies gave a poor college kid like myself a $15K line of credit which I spent on booze, toys, etc... I cant necesarily blame them for giving me the credit line for me to frivolously spend. I can only blame myself for irresponsibly spending it. It was hell crawling out of that debt hole but I was eventually able to do it. I dont blame the CC company for issuing me credit that I probably shouldnt have qualified for.
When it comes to student loans, dont take on what you cant reasonably expect to be able to pay back. My college decision was solely based on finances/student loan amount. I passed on an oportunity to go to a better private school, and instead went to a below average state school because they were offering me a full academic scholarship (well 4 years). I didn't want to be saddled with $100K+ of debt coming out of college and figured it would be easier for me to overcome the difficulties of finding a job with a crappy college degree, than it is to climb out of that $100K+ hole.
I know I'm biased because I work for a lender now and I am on the other side of the table. I work with deadbeat debtors on a daily basis, and they all want to blame everyone else for their financial woes instead of stepping up to the plate and accepting responsibility for it.
Shut up. Who said that? Public universities have implemented significant tuition hikes in CA (I don't know about other states).Originally Posted by GetThisMoney
Smh everyone feels like they should be entitled to an education from a private university yet they dont want to pay the price. Many public/state universities are a quarter of the price and provide a decent education. As for unfair interest, I agree some people have exorbitant rates although borrowing big amounts from private banks should have been avoided.
I took out a student loan for 1 year because I was a lazy piece of poop who took 5 1/2 years to graduate. I took a student loan out to cover the 5th year and then paid out of pocket for the summer semester to finish up the last credits I needed. Thankfully I graduated back in 2002 when the job market wasnt anywhere near as bad as where it is today and was able to get a job in a timely fashion. I tried to put as much money as I could to payoff my debts and wasnt debt free (well not counting my mortgage) until 7+ years later when I was 29. Definitely wasnt easy.Originally Posted by ohdannyboy
Now I never said that the students borrowing the money weren't at fault also, but what I said was that passing all blame to the students and not holding the lendors somewhat responsible is just wrong.
And you touched on exactly what I meant by comparing it to what happened to the housing market; giving loans to people that don't qualify for them (even if the gov is backing you, that doesn't mean you qualify for it). There needs to be better screening during the loan process. They should better educate an 18 year old on the loan process prior to giving said student thousands of dollars. In the end, the banks will get their money no matter what, so they have zero motivation to better educate students on the loan process. After all, they are in it for the profit.
And according to your post, you didn't have to take out any student loans, correct?
Originally Posted by dreaface
There has to be something we can do guys lol... I cant believe no one knows how to get the rate lower...