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OfflineEnkidu
"No-Such-Person"
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Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 29 days
Student Loan Debt
    #27076970 - 12/07/20 11:16 AM (3 years, 2 months ago)

I have 30k in student loans

14k is in unsubsidized loans

Obviously I understand that I need to pay off the unsubsidized loans first to avoid interest.

I plan to return to school soon to finish my degree. 5 credits left.

I guess my question is what the fuck is the best course of action for me?

My subsidized loans will not gain interest if I am in school but that might not even apply if I take 1 course a semester or so which is my current plan.

I live pay check to pay check I am broke as FUCK.

Barely get by. No savings.

Is my best bet to wait and enroll in a payment plan based on income or should I try and chomp these loans away and stay broke or should I wait and hope for some sort of mercy loan forgiveness?

What do you guys think?


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OfflineTight Lunchbox
Drunk cat


Registered: 11/06/16
Posts: 2,116
Last seen: 4 months, 25 days
Re: Student Loan Debt [Re: Enkidu]
    #27077096 - 12/07/20 12:39 PM (3 years, 2 months ago)

If you go into the public sector or work for a non profit you can likely qualify for public service loan forgiveness. After 120 payments your loans are forgiven. You can also stack it with income based repayment to keep your payments low.


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"it's all a joke between mom contractions and coffin fittings"


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OfflineEnkidu
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Registered: 07/09/16
Posts: 10,698
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Re: Student Loan Debt [Re: Tight Lunchbox]
    #27077100 - 12/07/20 12:42 PM (3 years, 2 months ago)

Yeah i saw that as well.

I dont think i will be working in that sector for a while, but might be worth trying in the future.

Currently work construction


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Within You , Without You


:mushroom2::levitate::mushroom2:


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InvisiblebodhisattaMDiscordReddit
Smurf real estate agent
 User Gallery
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Registered: 04/30/13
Posts: 61,890
Loc: Milky way
Re: Student Loan Debt [Re: Enkidu]
    #27077479 - 12/07/20 05:52 PM (3 years, 2 months ago)

I ignored mine it's been over a decade. No clue what I owe


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OfflineEnkidu
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Registered: 07/09/16
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Re: Student Loan Debt [Re: bodhisatta]
    #27077519 - 12/07/20 06:13 PM (3 years, 2 months ago)

Lmfao, thats hilarious.

Being so poor its hard to justify throwing the money down the drain.

You dont make payments at all?


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Within You , Without You


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InvisiblebodhisattaMDiscordReddit
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Re: Student Loan Debt [Re: Enkidu]
    #27077543 - 12/07/20 06:27 PM (3 years, 2 months ago)

None


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OfflineNarrator
Strangest in the night
I'm a teapot User Gallery

Registered: 11/30/20
Posts: 187
Last seen: 1 year, 5 months
Re: Student Loan Debt [Re: Enkidu]
    #27077839 - 12/07/20 08:55 PM (3 years, 2 months ago)

Quote:

You dont make payments at all?




Skeptical this is a reliable tek but am eager to be shown wrong. LOL!


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OfflineNarrator
Strangest in the night
I'm a teapot User Gallery

Registered: 11/30/20
Posts: 187
Last seen: 1 year, 5 months
Re: Student Loan Debt [Re: Enkidu]
    #27077844 - 12/07/20 09:02 PM (3 years, 2 months ago)

Quote:

Enkidu said:
What do you guys think?




That I'm thankful tuition at the school I went to was just like $600-700 a semester when I started. Already, books for the semester typically cost $300-500 and I was able to sell them at the end of the semester and get enough to buy a quarter of weed, a sandwich and case of beer.

I think college in some nations is tuition-free like K-12 in the US. Curious to see a study that has tried to objectively measure results of the strategies.


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InvisibleLophosaurus
suruasohpol
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Registered: 08/09/07
Posts: 8,744
Loc: CA Flag
Re: Student Loan Debt [Re: Narrator]
    #27078015 - 12/08/20 12:00 AM (3 years, 2 months ago)

I had to get a 2nd job to pay mine off. Like +$85,000 for an engineering degree. I almost always have a 2nd job or source of income for non-bills stuff like video games and dirt bikes. Some people go work out at the gym or do Yoga. I always figure that if I'm going to exert some force then instead of paying someone for lifting weights in a gym then I might as well dig a trench or help someone move for extra money.

While my wife was in school she always worked 2 to 3 jobs too.


Free time and partying is more fun for sure, but not owing money to people is great and a great way to get ahead. Work now and play later. While I was younger and working my friends were calling me to come party and it sucked to say no, but now I own my own business and they are mostly broke and struggling to get by while I have free time and money to do cool stuff.


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OfflineSynKyd
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Registered: 09/27/13
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Re: Student Loan Debt [Re: Lophosaurus]
    #27079472 - 12/08/20 08:46 PM (3 years, 2 months ago)

Finish that degree, 5 hours FFS? What are you waiting for?  Then work your ass off until the debt is gone.......


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InvisibleSleepingstar
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Registered: 10/20/20
Posts: 124
Re: Student Loan Debt [Re: Tight Lunchbox]
    #27079578 - 12/08/20 09:46 PM (3 years, 2 months ago)

I would like to learn more about this.


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OfflineIce9
3X Ban Lotto Champion
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Registered: 03/20/14
Posts: 11,319
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Re: Student Loan Debt [Re: Sleepingstar] * 1
    #27083306 - 12/11/20 12:37 AM (3 years, 2 months ago)

Schools with billion dollar endowments charging people to go to school... ludicrous what we think is worth money these days. 

Also, I think is pretty funny "As of March 2019, 99% of Public Service Loan Forgiveness requests have been rejected, and applicants remain deeply confused about the program's rules"

Do what I did, 2 years at community college and bust you ass better graduate top 10 and Summa Cum Laude.  Apply for tons of scholarships. go to your 4 year school for free on grants/scholarships. Then go into the sciences for grad school were they pay you (slaves wages but still) and work the whole time paying of the CC loans and walla, no student loan debt.


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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InvisibleAhab McBathsalts
OTD Windmill Administrator
Other User Gallery Ultimate Champion: Blackjack


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Re: Student Loan Debt [Re: Ice9]
    #27083412 - 12/11/20 04:09 AM (3 years, 2 months ago)

Quote:

Ice9 said:
walla, no student loan debt.




voilà

You skipped french class there bud.


--------------------
"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."


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Invisiblech0ppie
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Registered: 11/18/20
Posts: 593
Re: Student Loan Debt [Re: Lophosaurus]
    #27083426 - 12/11/20 04:35 AM (3 years, 2 months ago)

Quote:

Lophosaurus said:
I had to get a 2nd job to pay mine off. Like +$85,000 for an engineering degree. I almost always have a 2nd job or source of income for non-bills stuff like video games and dirt bikes. Some people go work out at the gym or do Yoga. I always figure that if I'm going to exert some force then instead of paying someone for lifting weights in a gym then I might as well dig a trench or help someone move for extra money.

While my wife was in school she always worked 2 to 3 jobs too.


Free time and partying is more fun for sure, but not owing money to people is great and a great way to get ahead. Work now and play later. While I was younger and working my friends were calling me to come party and it sucked to say no, but now I own my own business and they are mostly broke and struggling to get by while I have free time and money to do cool stuff.




Inspiring. Well done. Makes me think twice about spending a lot of time in the gym, instead of doing some actual work which could fill the pockets whilst still filling out those muscles too.


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OfflineIce9
3X Ban Lotto Champion
I'm a teapot User Gallery


Registered: 03/20/14
Posts: 11,319
Loc: daterapeville,USA
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Re: Student Loan Debt [Re: Ahab McBathsalts] * 1
    #27084828 - 12/11/20 11:14 PM (3 years, 2 months ago)

Quote:

Ahab McBathsalts said:
Quote:

Ice9 said:
walla, no student loan debt.




voilà

You skipped french class there bud.




or took too much benzos :rofl2:


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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OfflineEnkidu
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Male

Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 29 days
Re: Student Loan Debt [Re: Ice9]
    #27085048 - 12/12/20 05:16 AM (3 years, 2 months ago)

I mean sure ill keep that in mind when i hop in my time machine...?


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Within You , Without You


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InvisiblebodhisattaMDiscordReddit
Smurf real estate agent
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Re: Student Loan Debt [Re: Enkidu] * 1
    #27085053 - 12/12/20 05:19 AM (3 years, 2 months ago)

I saved hundreds a month by switching to I ain't paying you


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OfflineEnkidu
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Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 29 days
Re: Student Loan Debt [Re: bodhisatta]
    #27085059 - 12/12/20 05:25 AM (3 years, 2 months ago)

Yeah thats where im currently st mainly because i dont have money to pay even if i wanted to.

I would be insane not ti save that money for when my car breaks down etc and throw it to the school.

My only issue eventually is if it will impact me buying a house

When i talked to a lender it didnt seem it would right now.

Not sure that will change in the future.

I think I wont pay it off until im sitting somewhere secure with an emergency fund and everything taken care of

Even then. I rather set money aside for my kids future before paying a school. Maybe one day ill be in a better financial position so it wont be as bad


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Within You , Without You


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OfflineBrian Jones
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Re: Student Loan Debt [Re: bodhisatta]
    #27087699 - 12/13/20 06:06 PM (3 years, 2 months ago)

Quote:

bodhisatta said:
I saved hundreds a month by switching to I ain't paying you




Don't they take your tax refunds?


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

The worst thing about corruption is that it works so well,


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Invisiblesh4d0ws
LSx
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Registered: 02/26/08
Posts: 12,086
Re: Student Loan Debt [Re: Brian Jones]
    #27087717 - 12/13/20 06:14 PM (3 years, 2 months ago)

Wouldn't they be able to garnish your wages or some shit? Aren't student debts one of those forever things?


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