Posted on 08/19/2023 9:12:31 PM PDT by Libloather
(NerdWallet) – Federal student loan repayment resumes in the coming months - interest begins accruing in September, with payments starting in October - after a 3½-year payment pause. According to a new NerdWallet survey, most federal student loan borrowers (88%) didn’t make payments during the pandemic forbearance. If you’re one of these borrowers, here are five steps to prepare for repayment.
1. Know your details
2. Decide on a payment plan
3. Review your budget
4. Understand the downside of not making payments
5. Set up autopay
(Excerpt) Read more at valleycentral.com ...
But they saved that loot as if they really paid the bill, right? What an advantage.
I thought Biden waived the student loans. Or will be.
Ahhh….. STOP SPENDING so much.
Step 1. Sue your college for not providing you an education that makes you possible to understand basic economics and how loans work.
Its all on them personally. No one coerced or forced them to take out the loans. Pid all mine back faster than necessary to get that junk off my back as soon as I could.
Nothing triggers the deadbeat student loan borrowers more than a baby boomer suggesting they pass up their daily double shot soy mocha lattes.
“Step 1. Sue your college “
But first .....
1. Know your details .........I PAID TOO MUCH
2. Decide on a payment plan .....VOTE FOR BIDEN AGAIN
3. Review your budget ...........WHAT IS A BUDGET?
4. Understand the downside of not making payments......I CAN GO ON SPRING BREAK
5. Set up autopay ...............WHERE IS MY SAFE SPACE?
I feel triggered, your mean.
0. Get a job.
Same here - also stayed at home to save money and did worked close to full time to while going to college.
Had a friend that racked up low 6 figures in student loans while going to college on a full scholarship because his GF, then wife, now divorced, talked him into it to furnish and pay for their off campus rental house. Then she had them forbear their loans for almost a decade because “they couldn’t afford it”.
I read that as "autopsy."
Regards,
So we are talking 3 and a half years of suspended payments. wtf. and these leeches, 2/3s of which are liberal women holding the debt, thought they would just get a bail out from plumbers, electricians, and laborers?
The real shame for many who have these loans is that they were already on fullride scholarships for sports, and had no legimate reason relating to education for their loans.
When I was in Guyana, the school administration called me the second year from East Carolina University and told me my son’s admission pack was being held up pending my signature on the “school loan application”. My wife and I paid cash gobbling up our foreign service paychecks, along with the college IRA’s to pay in full his education, without any loans.
After some dicussion, they told me that the student loan application was given to every student and they expeceted them to sign and get their parents to sign for them and I continued to refuse. They tried to impose their sales BS upon me by guilting me for depriving my kids from having the money other kids were spending. HA!
Oh, and part of the reason this is such a bid deal to democrats (and a wedge issue) is that parents who signed for these loans expected their kids to pay them off, instead of still living in their basements. He had no loan, and he drove the same car for 10 years until an auto accident. It nearly killed me to pay for two BA, and a MBA, but in his third job with Amazon Web Services he has made over $975,000 in 37 months. It has paid for itself, and now my son is helping my second son take a second shot at college 10 years later.
Greed is the destroyer of Government and to a man, their family, their soul.
Step 6. GROW UP
“Nothing triggers the deadbeat student loan borrowers more than a baby boomer...”
Actually, baby boomers who have paid on their student loans long enough get their loans paid off for free.
Or Baby Boomers who actually worked their way through college.
I should have specified debt-free boomers. The number of boomers who owe money for outstanding student loans is disturbing.
Get a damned job.
L
“The number of boomers who owe money for outstanding student loans is disturbing.”
They owe no more. If they held a student loan for 20 years or more the loan is gone now.
Not enough coffee yet.
I read no.5 as Set up AUTOPSY. Even worse it actually made sense for a couple of seconds.
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