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 LayinUp
Faith
Registered: 04/14/11
Posts: 1,922
Loc: Inside the mycelium
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 Re: It's come down to it. I'm filing for Bankruptcy.  [Re: Kada]
#15016953 - 09/02/11 12:51 PM (1 year, 9 months ago) |
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DAMN!
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Escape the box.
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 Horse_Meister
Edible Farmer
Registered: 01/14/07
Posts: 398
Last seen: 2 days, 1 hour
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: LayinUp]
#15024781 - 09/03/11 09:58 PM (1 year, 9 months ago) |
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This might sound messed up... but is there any way you or your wife can borrow more money from any financial institutions and then throw that into the student loan and then declare bankruptcy? Would this be considered something illegal with reprocussions?
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KTHXBai2YoU
Horse_Meister
Life is what happens while you're busy making other plans.
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Tri High
Whigro
Registered: 05/02/08
Posts: 11,769
Loc: Monaghan, Ireland
Last seen: 1 year, 3 months
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: Kada]
#15027014 - 09/04/11 12:36 PM (1 year, 9 months ago) |
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Teachers in my state can get some kind of student loan dismissal for 10 years service as a teacher. Maybe your wife could go back to school to stop school payments, get that teaching certificate, and work as a teacher?
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you just need money to get laid - starfire_xes
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Kada
Asha'man
Registered: 02/15/05
Posts: 12,143
Loc: Portland, Oregon. 
Last seen: 3 days, 13 hours
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: Tri High]
#15027240 - 09/04/11 01:34 PM (1 year, 9 months ago) |
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She doesn't want to be a teacher anymore. Plus I know dozens of out of work teachers right now. She would make the same pay anyways. Teachers get paid shit.
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~The Cultivators Motherload~
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them.
I am free because I know that I alone am morally responsible for everything I do." -Robert A. Heinlein
"There is no need for temples, no need for complicated philosophies.
My brain and my heart are my temples; my philosophy is kindness."-Dalai Lama
Live long and prosper.
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mick
living in perverty
Registered: 07/06/04
Posts: 8,012
Loc: hb, cali
Last seen: 18 hours, 49 minutes
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: Kada]
#15036451 - 09/06/11 07:15 AM (1 year, 9 months ago) |
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I filed for bankruptcy when i was 24. Im 30 now and have 15k in student loans. No kids, rent, housepayment, or job.
My degree did NOTHING for me. The bankruptcy hasnt affected me simply because ive always been too broke to need credit.
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http://kittiesntitties.tumblr.com/
notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "
ChrisWho said: "It's all about the journey, not the destination."
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McMushrooms420
Here but not really.....
Registered: 09/17/04
Posts: 311
Last seen: 1 year, 3 months
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: Kada]
#15040938 - 09/07/11 03:57 AM (1 year, 9 months ago) |
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Wait Twenty-Five Years
If you have a federal loan and you're on an income-based repayment (IBR) plan, you can have the balance of your student loan forgiven after 25 years, or 10 years if you work in public service. All Federal student loans are eligible except, student loans in default, Parent PLUS loans, and Parent PLUS consolidation loans. Your monthly student loan payments are capped based on your income and family size. For example, family of 3 with an annual income of $45,000 would only pay $157 a month on an IBR plan. You can apply for IBR by contacting the lender servicing your loan. Visit the Federal Student Aid website and IBR Info for more information.
http://www.ibrinfo.org/
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You Can't Give It Up........
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Kada
Asha'man
Registered: 02/15/05
Posts: 12,143
Loc: Portland, Oregon.
Last seen: 3 days, 13 hours
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: McMushrooms420]
#15041788 - 09/07/11 11:23 AM (1 year, 9 months ago) |
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Quote:
McMushrooms420 said:
Wait Twenty-Five Years
If you have a federal loan and you're on an income-based repayment (IBR) plan, you can have the balance of your student loan forgiven after 25 years, or 10 years if you work in public service. All Federal student loans are eligible except, student loans in default, Parent PLUS loans, and Parent PLUS consolidation loans. Your monthly student loan payments are capped based on your income and family size. For example, family of 3 with an annual income of $45,000 would only pay $157 a month on an IBR plan. You can apply for IBR by contacting the lender servicing your loan. Visit the Federal Student Aid website and IBR Info for more information.
http://www.ibrinfo.org/
I have tried this about 5 times and they tell me there isn't such a thing.
I have no idea what to do from there.
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~The Cultivators Motherload~
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them.
I am free because I know that I alone am morally responsible for everything I do." -Robert A. Heinlein
"There is no need for temples, no need for complicated philosophies.
My brain and my heart are my temples; my philosophy is kindness."-Dalai Lama
Live long and prosper.
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Tri High
Whigro
Registered: 05/02/08
Posts: 11,769
Loc: Monaghan, Ireland
Last seen: 1 year, 3 months
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: McMushrooms420]
#15041955 - 09/07/11 12:05 PM (1 year, 9 months ago) |
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Can lead the horse to water....
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you just need money to get laid - starfire_xes
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Kada
Asha'man
Registered: 02/15/05
Posts: 12,143
Loc: Portland, Oregon.
Last seen: 3 days, 13 hours
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: McMushrooms420]
#15042263 - 09/07/11 01:22 PM (1 year, 9 months ago) |
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Hey I figured it out thanks!
I decided to not keep talking to the collectors and went straight to the National Board of Education. They sent me to the right people to get this straightened out. I guess I really CAN get a fair and reasonable repayment plan, then get on the Income-Based Repayment and only pay about 20 bucks because of our income atm.
If anyone ever needs to know how to deal with a school loan:
National Department of Education 800-621-3115
Federal Student Aid office: 877-557-2575
This is a damn mess. I am never going to go to college. I wish the wife would have known more about her loans when her parents were making her take them out. It would have saved about 10k and we wouldn't have went into default on it.
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~The Cultivators Motherload~
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them.
I am free because I know that I alone am morally responsible for everything I do." -Robert A. Heinlein
"There is no need for temples, no need for complicated philosophies.
My brain and my heart are my temples; my philosophy is kindness."-Dalai Lama
Live long and prosper.
Edited by Kada (09/07/11 06:58 PM)
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McMushrooms420
Here but not really.....
Registered: 09/17/04
Posts: 311
Last seen: 1 year, 3 months
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Re: It's come down to it. I'm filing for Bankruptcy. [Re: Kada]
#15051334 - 09/09/11 02:40 AM (1 year, 9 months ago) |
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Quote:
Tri High said:
Can lead the horse to water....
Quote:
Kada said:
Hey I figured it out thanks!
I decided to not keep talking to the collectors and went straight to the National Board of Education. They sent me to the right people to get this straightened out. I guess I really CAN get a fair and reasonable repayment plan, then get on the Income-Based Repayment and only pay about 20 bucks because of our income atm.
If anyone ever needs to know how to deal with a school loan:
National Department of Education 800-621-3115
Federal Student Aid office: 877-557-2575
This is a damn mess. I am never going to go to college. I wish the wife would have known more about her loans when her parents were making her take them out. It would have saved about 10k and we wouldn't have went into default on it.
Nice man hope all your financial worries are getting easier to manage!
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