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blackdust


Registered: 02/28/09
Posts: 8,327
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Re: i owe 350,000 dollars on default student loans [Re: eve69]
#19190732 - 11/26/13 07:42 AM (10 years, 2 months ago) |
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Under the IBR program "If you have not repaid your loan in full after making the equivalent of 25 years of qualifying monthly payments, any outstanding balance on your loan will be forgiven."
http://studentaid.ed.gov/repay-loans/understand/plans
I guess you would have gotten onto one of several programs for the loan to fall of after so many years.
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eve69
--=..Did Adam and ...?=--



Registered: 04/30/03
Posts: 3,910
Loc: isle de la muerte
Last seen: 1 month, 18 days
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Re: i owe 350,000 dollars on default student loans [Re: blackdust]
#19190879 - 11/26/13 08:34 AM (10 years, 2 months ago) |
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you had left out a little something
Quote:
after making the equivalent of 25 years of qualifying monthly payments
that never happened
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anne halonium
jaguarette


Registered: 05/07/13
Posts: 1,908
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Re: i owe 350,000 dollars on default student loans [Re: eve69]
#19190907 - 11/26/13 08:44 AM (10 years, 2 months ago) |
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student loan system is usury , and its managed by filth. they deserve scorched earth , with used motor oil and ground glass for food.
refusal to pay a single coin to the shit worms, is a duty.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: i owe 350,000 dollars on default student loans [Re: eve69]
#19191091 - 11/26/13 09:47 AM (10 years, 2 months ago) |
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Quote:
eve69 said: There's no way out of federal student loans - ever.
Thats not true. There was a student loan bailout just a few years ago. Now, you only have to pay 15% of your above poverty level income towards your student loans. After 25 years, the rest is forgiven (10 years if you work for certain non-profits). I have a friend with six figures of student loan debt who pays 20$ a month. My wife and I pay less than our interest rate. Over half of student loans are not being paid back on time. Many/most student loan borrowers will never pay back all their loans.
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anne halonium
jaguarette


Registered: 05/07/13
Posts: 1,908
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Re: i owe 350,000 dollars on default student loans [Re: DieCommie]
#19191157 - 11/26/13 10:03 AM (10 years, 2 months ago) |
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i paid nearly all of my college in cash up front. straight stinky benjamins.
then they reported me for structuring. i was forced to take out loans for the last year.
the filth, will never see a single dime. never ever ever.
its a moral obligation, to renounce usury, and odious debt.
350k aint bad, you should have seen what my amex was before they seized that.
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Edited by anne halonium (11/26/13 10:09 AM)
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Atrium
Cunt Tickler

Registered: 08/18/13
Posts: 1,284
Last seen: 3 years, 5 months
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Re: i owe 350,000 dollars on default student loans [Re: anne halonium]
#19191284 - 11/26/13 10:32 AM (10 years, 2 months ago) |
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Shit, if I had known this, I wouldn't have upfront paid off my loans in July. Something like $1,500 went to those fuckers. Only the unsubsidized, gaining interest one.
-------------------- The only thing about Chemistry I like is all the psychedelics that come from it. The only reason I study Psychology is to have a legitimate excuse to enjoy Chemistry.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: i owe 350,000 dollars on default student loans [Re: Atrium]
#19191309 - 11/26/13 10:37 AM (10 years, 2 months ago) |
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Quote:
Jamesdnh said: Shit, if I had known this, I wouldn't have upfront paid off my loans in July. Something like $1,500 went to those fuckers. Only the unsubsidized, gaining interest one.
Yea, I regret paying off as much as I did when I did.
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anne halonium
jaguarette


Registered: 05/07/13
Posts: 1,908
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Re: i owe 350,000 dollars on default student loans [Re: DieCommie]
#19191565 - 11/26/13 11:40 AM (10 years, 2 months ago) |
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pay nothing, live without regret!
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eve69
--=..Did Adam and ...?=--



Registered: 04/30/03
Posts: 3,910
Loc: isle de la muerte
Last seen: 1 month, 18 days
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Re: i owe 350,000 dollars on default student loans [Re: anne halonium]
#19195110 - 11/27/13 05:02 AM (10 years, 2 months ago) |
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Quote:
anne halonium said: pay nothing, live without regret!
well that's the thing really - when i dropped out of law school and started waiting tables i was supposed to pay 700 a month - that was back when my loans were about 45,000 dollars. that was too much for me right then because i had this strange desire to eat food and have shelter - not sure what monthly they want now but about five years ago it was something like 1,400.00 bucks per month. i never made more money 20 years later than i did 20 years ago. my student loans went up in principal while my wage was thrown backwards due in no little part to katrina and mother nature. so i just said fuck it. not lifting a finger now. imagine being a duck and throwing yourself at the blind to be shot. that's the equivalent at this point. i'm on the run. never to come back. guadalahara of the pocket book. permanent vacation. see me kite.
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XUL
OTD Janitor



Registered: 03/16/05
Posts: 28,261
Loc: America
Last seen: 4 years, 3 months
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Re: i owe 350,000 dollars on default student loans [Re: ziggity]
#19196929 - 11/27/13 03:05 PM (10 years, 2 months ago) |
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Quote:
But until you can literally pull money out of your pocket to pay for it, IT AIN'T FUCKING WORTH IT.
I think paying for college in cash is a great idea; I am doing it for my second degree and I will do it when I chase after my masters, but to completely deny loans is a pretty rash idea.
Not everyone is ignorant to loan payments and not everyone in college is 18 years old when they are a freshman. Some freshman are 50 years old and they know a lot about a lot.
You can't lump people into categories and make conjectures like this.
Loans can be good, but they must be paid on and kept under control.
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anne halonium
jaguarette


Registered: 05/07/13
Posts: 1,908
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Re: i owe 350,000 dollars on default student loans [Re: XUL]
#19196999 - 11/27/13 03:23 PM (10 years, 2 months ago) |
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Quote:
XUL said:
Quote:
Loans can be good, but
in this case they are instruments of usury and involuntary servitude. odious debt is bogus, and should be renounced.
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maddad
Stranger
Registered: 11/20/13
Posts: 242
Last seen: 8 years, 3 months
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Re: i owe 350,000 dollars on default student loans [Re: XUL]
#19197024 - 11/27/13 03:28 PM (10 years, 2 months ago) |
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So I have been skimming thru this thread, not reading every post... But does no one see that the government is doing this on purpose? Why do you think they shell out all that money for kids to go to school? So they can be successful and live the American dream? Thats bullshit, if everyone was to go to college and get a job they love. We wouldn't have people to do half of the jobs to keep our society running. They give out all that money so that we are in debt to them for the rest of our lives. One reason I never went to college, I saw that a mile away. Everone you meet just after college almost always has a shit job, because they have no real experience, and that's what it takes to get a high paying job.
They say it takes money to make money, and all the interest you are paying on those loans in a prime example of that.
It's a terrible and I'm sorry that a lot of you on here have been taken advantage of. If I was in that position I would definitely get out of America, way off the grid somewhere.
Just remember that some one has to shovel the shit and dig graves. Sometimes its better to be the simple man rather than the one reaching for the stars.
-------------------- I live in an aura of hope because I live in a twilight world of my own self-generated, cannabinated fantasy, and I forget that not everyone is so fortunate. - Terence McKenna
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: i owe 350,000 dollars on default student loans [Re: maddad]
#19197561 - 11/27/13 05:55 PM (10 years, 2 months ago) |
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Education loans and subsidies does not net the US govt. money, it costs the US govt. money. Coupled with the massive amount of grants they give out for free, education is a big money loser for the government. Its the university that makes money off the student's loans, not the government.
You have a conspiracy theorist's perspective here that is not supported by facts.
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anne halonium
jaguarette


Registered: 05/07/13
Posts: 1,908
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Re: i owe 350,000 dollars on default student loans [Re: DieCommie]
#19197866 - 11/27/13 07:02 PM (10 years, 2 months ago) |
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Quote:
DieCommie said: education is a big money loser for the government.
your right, its a form of coroprate welfare. all the more reason, to renounce usury and odious debt.
its also, patriotic it seems. who wants the gubbamint bankrupted by predatory oligarchs?
only the sickest type of society, demands slavery for education. paying one coin into this system, is tanatmount to endorsing slavery itself.
if no one pays , everyone is liberated, and the filthy investor is impoverished, and we shall prosper.
and ,make no mistake, those that profit from this system, are filthier than an unpasteurized cat turd grow.
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Edited by anne halonium (11/27/13 07:14 PM)
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Gilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
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Re: i owe 350,000 dollars on default student loans [Re: anne halonium]
#19198183 - 11/27/13 08:26 PM (10 years, 2 months ago) |
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Quote:
anne halonium said:
Quote:
DieCommie said: education is a big money loser for the government.
your right, its a form of coroprate welfare. all the more reason, to renounce usury and odious debt.
its also, patriotic it seems. who wants the gubbamint bankrupted by predatory oligarchs?
only the sickest type of society, demands slavery for education. paying one coin into this system, is tanatmount to endorsing slavery itself.
if no one pays , everyone is liberated, and the filthy investor is impoverished, and we shall prosper.
and ,make no mistake, those that profit from this system, are filthier than an unpasteurized cat turd grow.
There is nothing immoral about making money if the masses are stupid enough to get debt for useless degrees then they should pay the consequences.
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anne halonium
jaguarette


Registered: 05/07/13
Posts: 1,908
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Re: i owe 350,000 dollars on default student loans [Re: Gilgamesh18]
#19198242 - 11/27/13 08:44 PM (10 years, 2 months ago) |
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how bout this, corrupt sovereigns, corrupt central banks, those that practice usury, and the oligarchs that profit from it, suffer the consequences.........
historically, they usually do.
the present student finance system is a evil farce at its best. it will likely collapse itself, from its own excess, before the sheeple do anything about it.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: i owe 350,000 dollars on default student loans [Re: Gilgamesh18]
#19200178 - 11/28/13 10:34 AM (10 years, 2 months ago) |
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Quote:
Gilgamesh18 said: There is nothing immoral about making money if the masses are stupid enough to get debt for useless degrees then they should pay the consequences.
And if the elite are willing to lend me money I can never pay back to study something useless then they should have to pay the consequences. And they are.
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Gilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
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Re: i owe 350,000 dollars on default student loans [Re: DieCommie]
#19200182 - 11/28/13 10:35 AM (10 years, 2 months ago) |
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Poor student loan czars
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: i owe 350,000 dollars on default student loans [Re: Gilgamesh18]
#19207074 - 11/30/13 12:41 AM (10 years, 2 months ago) |
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You should change your avatar. Reminds me of Andy before he mattered.
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Gilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
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Re: i owe 350,000 dollars on default student loans [Re: Adden]
#19207948 - 11/30/13 09:42 AM (10 years, 2 months ago) |
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Quote:
Dystopia said: You should change your avatar. Reminds me of Andy before he mattered.
Yea I vaguely remembered he had this same one but its so cool
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