Posted on 01/19/2022 7:26:30 AM PST by grundle
Question: “I will owe about $189,000 on my student loans when repayment starts. I’m so stressed. I got let go from my job and lost my apartment. I have so much debt and moved from New York to Texas in search of work. I started work in e-commerce with an oil pump company, but I will only be making $41,000 a year. I’m 45 years old and living out of my car until I move into a studio on the 15th of this month. Help.”
Answer: You’ve already made some huge steps in the right direction and have a number of reasons to be optimistic. “Relocating to take advantage of a lower cost of living just shifted half your budget. With no state income tax and a low unemployment in addition to the low cost of living, Texas is a good choice,” says Jen Grant, certified financial professional at Perryman Financial Advisory. In addition, getting your living situation settled will likely improve your state of mind — and help you realize paying down these loans is possible.
First up, the emergency student loan pause is now scheduled to end in May 2022, so you will want to think about how you’ll tackle payments then. One solid option to consider is to “try to get your loans on an income-driven repayment plan, which will cap your monthly payments at 10% to 20% of your discretionary income,” says Rebecca Safier, certified student loan counselor and education finance expert at Student Loan Hero. Since your payments will be adjusted in accordance with your income, they hopefully won’t be as burdensome as they would be on the standard plan.
(Excerpt) Read more at marketwatch.com ...
Don’t do that. As dumb as she is she will starve to death without someone holding her hand. If she was stupid enough to rack up $189,000,000 not realizing it had to be paid back, she is a danger to herself.
You could always get back at the world and vote democrat to punish everybody who worked hard their entire life and did not make foolish choices
So you were counting on the communists to wipe away the debt you accrued being the perpetual student? 45 years old? Just what have you been doing? I think you should sue all the schools you attended, including your college, The Department of Education and your state of origin for dumbing you down. For not really you with an education. It would be a landmark lawsuit!
Have 10 kids by 10 different men of mixed races and ethnic heritages. They will shower you with money and glory.
Get a copy of The Richest Man in Babylon. Read it, follow it and you’ll be fine.
Continue to not make any money and you won’t have to pay income tax to any federal or state agency.
This week, Fordham came out with their cost for next year, $84,052. Some people will go into huge debt to attend.
Maybe you’d have done better to have taken a business course or two
Learned how to better manage your finances
His parents need slapping for procreating such a moron.
I sent a letter to Marketwatch telling them they’re not allowed to say good things about Texas (other than Austin, of course), as it makes Republicans look good.
You could have lived at home and gone for a 2 year degree at community college and get a $41,000 per year job.
Seriously start a go fund me account or something til QFS comes in. Then your student loan will be forgiven.
Default..S
Bank bailout
We pay.
Do like AOC did don’t pay it.
Student loans were never a problem until “Guaranteed Student loans”. It gave the schools the green light to charge as much as they wanted.
Dear Dumbass, Enjoy Ramon noodles for the next 10-20 years.
Sure, getting his life together by whining on the internet. That’s time wasted for aTtEnTiOn when he should have at least been flipping burgers for a paycheck.
“get a 2nd job...................”
The very best advice.
What? 5hat degree in Fifteenth Century French Faggotry isn’t paying dividends? That’s a shame.
My kid hasn’t paid for school since the 3rd year. Found a way. Just now finishing up a Ph.D in Chemistry and doesn’t owe a cent!
Yep, that’s a fine remedy, being she has no money. How
could she possibly pay for a good attorney and all that a suit entails? She was conned by the school, by her government, by her financial counselors. One of the many who
(unfortunately) will follow her in doing the exact same thing. Live and learn, sweetheart. Live and learn.
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