It sounds like they made the student loans their very, VERY last priority to the point of not even paying them anything at all. I wonder how much of that attitude was due to seeing other people simply not pay their student loans back, and nobody ever came after them.
I understand the provisions in the healthcare legislation for student loans had the proviso that you could pay back the loans at 10% of your DISPOSABLE income each month, and after twenty years, the rest would be forgiven.
Boy, if that is true, such a deal. Take out $200K to go to Harvard, and pay back...what? What if I only have $10 of “disposable income” each month...sounds like free government pie to me.
Anyone else remember seeing that tidbit in there?
You are exactly right. “Disposable” income is a very easy thing to manipulate in your favor if you know what you’re doing.
Sounds that way to me too. Look at where they ran into trouble: at the pet store! I know that pets can bring joy into people's lives, but they are a luxury; if you can't pay your bills you can't afford a pet.