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It was evident when citing a paper for the different sides of an argument. Let it go. It just takes some life experience sometimes.dude you sound really clueless, never thought a budget when paying back loans?
DEFAULT...Student Loans
- Thread in 'General' Thread starter Started by obeahmyal7,
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that NikeTalk savvy that I'll learn when I'm wiser... like only addressing one side of an argument and going with it no matter what.
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Ok i'm done here, ban me if I post again here please.
antidope
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Mint makes it extremely easy to budget. It does it for you.
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law student subscribing to this thread.
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The only reason why the author of the article hasn't had his wages garnished is because he isn't making W2 money, so it's hard to track his income.
Just read through all of those post it was pretty entertaining lol a budget is something everyone should be taught to stick to at a young age. Would have showed me how bad my spending habits were when I was younger.
stillin729
didn't know about the 6 straight payments to get out of default. Great information for others. So that should theoretically help your credit some? Or will it still be bad due to late payments?
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@bartleby929 What's the other side I should be addressing? There are only 2 sides to personal finance. Income and outgo. If there is a high outgo, then a higher income is needed. If you have a low income, then the outgo needs to be equal or lower.
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Kind of pointless to continue this thread. People are too stubborn about their lifestyle standard of living to understand personal responsibility. Graduating from college does not entitle you to a one bedroom apartment, an iphone, a car, and laptop.
If you aren't willing to sacrifice these "luxuries" for a few months to get your life on track then you are going to always be in a reactive, tough to be happy lifestyle.
If you aren't willing to sacrifice these "luxuries" for a few months to get your life on track then you are going to always be in a reactive, tough to be happy lifestyle.
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Not yet.
The hope for this thread was to challenge the central premise of your post: that the problem of student debt is a story of irresponsible personal spending habits.
It is striking that instead of situating student debt in the broader context of wealth and income inequality, you and so many others recite, line for line, the mantra of creditors and their ideological flunkies: It was not the lenders who recklessly expanded credit access irrespective of the income and employment stability of borrowers, but the grand aspirations of debtors. It is neither the program of everlasting indebtedness nor the usurious interest rates on private student loans that is the problem, but graduates who dare decide to buy an iphone to communicate, a car to travel, a laptop to network, and live in a one-bedroom apartment. How dare these people pursue such "luxuries" instead of tightening their belts?
This thread has revealed how non-elites such as yourself adopt the language and assumptions of folks who would have you serve as their serfs.
The point of this thread was also to consider repudiation as a strategy. On that note here are a few excerpts from The Debt Resister's Manual.
--On what it means to be in default
http://strikedebt.org/drom/chapter-four/
-Loans may be turned over to a collection agency
-Liable for potential collection and court fees
-Wages may be garnished
--Fed. Government may withhold part of your social security benefit payments.
**This last point is especially important given the withering away of a social safety net in the U.S.
-Loans may be turned over to a collection agency
-Liable for potential collection and court fees
-Wages may be garnished
--Fed. Government may withhold part of your social security benefit payments.
**This last point is especially important given the withering away of a social safety net in the U.S.
In general, see section "Know your loans": http://strikedebt.org/drom/chapter-four/
On private loans: http://www.finaid.org/loans/studentloans.phtml
On private loans: http://www.finaid.org/loans/studentloans.phtml
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Well those material things you listed can be had for low prices and most have these things before finishing college. If you're car is paid off it isn't a luxury imo most need it to get to and from work. Cutting back on food (eating out) , rent (roommate/live with parents), and going out is enough to stay on track.
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I think a lot of people in this thread need to take a step back and take a deep breath.
Disagreeing with someones POV=/= arguing with that person.
I think in general, most people can agree Americans (as a whole) are horrible with their finances. And I think most will agree that college education is very expensive. Many (not all, maybe not even most) will agree a college education is important for finding a job that pays a wage high enough for a comfortable lifestyle.
Disagreeing with someones POV=/= arguing with that person.
I think in general, most people can agree Americans (as a whole) are horrible with their finances. And I think most will agree that college education is very expensive. Many (not all, maybe not even most) will agree a college education is important for finding a job that pays a wage high enough for a comfortable lifestyle.
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I owe like 12k I'm never paying that ish back. I don't even work in the field I went to college for. Its been like 10 years since I graduated and haven't heard a word from them. College is a rip off and yes I'm salty.
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What did you go to school for and what career did you plan to pursue?
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Electrical construction and maintenance. I thought I want to be a electrical engineer but I realized after doin it for a couple of years I hate it and dealing with people is not one of my strong points. Now I operate heavy equipment and love it.
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How's your credit (real question)
Has it been an issue wth getting apartments/mortgages/car loans, etc?
Why do you feel like you don't have to pay it back?
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the government is probably garnishing his wages at this point and his credit has to be shot to death
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so wait your degree got you a job you originally wanted and because you didn't like it, you feel you don't need to pay your loans back?
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I can't quote all you guys but I'll try to answer all the questions. No the government is not garnishing my wages I found a loop hole I'm not going to post here 
. I own my house paid off last year and I don't use my credit. If I can't pay cash for it I don't need it. I honestly don't know or care for my credit score. No my I don't feel I need to pay it back because I didn't like the job I don't think I need to pay it back because my school lied about job placement after college they said 100 percent. After I graduated I struggled to find find my own job and then I had to start from the bottom as if I didn't have a degree in the first place. Then the student loan people would work with me on my payments so I said screw it. Like I said 10 years and I heard nothing from them.
. I own my house paid off last year and I don't use my credit. If I can't pay cash for it I don't need it. I honestly don't know or care for my credit score. No my I don't feel I need to pay it back because I didn't like the job I don't think I need to pay it back because my school lied about job placement after college they said 100 percent. After I graduated I struggled to find find my own job and then I had to start from the bottom as if I didn't have a degree in the first place. Then the student loan people would work with me on my payments so I said screw it. Like I said 10 years and I heard nothing from them.
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there is going to come a time and place where it will catch up to you, working the system always catches up to you
I just worked with someone who got away with it for 17 years and now the government is requiring their paychecks to be garnished
I just worked with someone who got away with it for 17 years and now the government is requiring their paychecks to be garnished
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That maybe the case but with my loop hole I'll be dead by then hopefully lol. I'm not saying how I handled it is right or wrong I just feel like student loans are a rip off.
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Quote:
Oh... and that loophole? Let me guess. You're getting paid in cash?
You do know they'll just place a lien on your assets, right? Or garnish your Social Security when it's time to collect. You WILL end up paying it back one way or another unless you're totally off the grid.I can't quote all you guys but I'll try to answer all the questions. No the government is not garnishing my wages I found a loop hole I'm not going to post here. I own my house paid off last year and I don't use my credit. If I can't pay cash for it I don't need it. I honestly don't know or care for my credit score. No my I don't feel I need to pay it back because I didn't like the job I don't think I need to pay it back because my school lied about job placement after college they said 100 percent. After I graduated I struggled to find find my own job and then I had to start from the bottom as if I didn't have a degree in the first place. Then the student loan people would work with me on my payments so I said screw it. Like I said 10 years and I heard nothing from them.
Oh... and that loophole? Let me guess. You're getting paid in cash?
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No I don't get cash I get a check. Nothings in my name (I'm not that stupid lol). I thought this out trust me I'm not scared of the government like everybody else. You can always beat the system.
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how do you have federal student loans not in your name?
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I meant my assets not the loans my bad on the confusion.
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The only people I went to school with that have no plans of ever paying back a dime on their student loans are the people that never had a job and never plan to and are just going the swiper route. If you have income with a paper trail they'll end up getting your money whether it's from taxes or garnishing your wages etc. So unless you plan on being a swiper or moving pills or something you're not getting away with it.