Student Loan Hell.

[zapatohead408]

Originally Posted by BHPbadboi

my monthly payment...is totally unreasonable. Best i was able to do was stretch it out, but i'm still paying $400 plus per month, which is crazy.

I though Obama was gonna do something about these things

why does he care? hes president already.

 

[nako xl]

~ $595 a month for 10 years. Kicks in in about 5 months.

I'm moving to Denmark and laying low.

 

[milkandcookies]

Originally Posted by Nako XL

~ $595 a month for 10 years. Kicks in in about 5 months.

I'm moving to Denmark and laying low.

Aren't you an NYC lawyer?
Are you employed?

Good luck out there if you're lucking, finding work for lawyers is tough now, I got some famb that's looking for work

 

... top 20 law school, good resume/gpa too... and they can't find anything halfway decent right now.

 

[degenerate423]

Originally Posted by cruzair13

on the same boat, my parents are paying just to keep the interest down..
i have both fed and private loans.
the fed ones aren't bad, the unsubsidized keeps accruing interests but both don't have to be repaid until 6 months after.

the program that I know of is teach for america, you have to teach in a public system and for two years, they system will pay for the interest totalling 10,000 dollars or so.
hopefully the economy is in better condition by 2014, I'm an accounting major and going for that CPA. or the end of the world happens. or some miraculous economic turnaround, where the government gives us money.... doubtful.

anyone else looking at being around 50,000 in debt by the time they graduate?

I wish, probably gonna be closer to $100k

.  School doesn't want to give me any financial aid because apparently my parents make "too much"

...

 

[caeagleswag]

Originally Posted by Degenerate423

Originally Posted by cruzair13

on the same boat, my parents are paying just to keep the interest down..
i have both fed and private loans.
the fed ones aren't bad, the unsubsidized keeps accruing interests but both don't have to be repaid until 6 months after.

the program that I know of is teach for america, you have to teach in a public system and for two years, they system will pay for the interest totalling 10,000 dollars or so.
hopefully the economy is in better condition by 2014, I'm an accounting major and going for that CPA. or the end of the world happens. or some miraculous economic turnaround, where the government gives us money.... doubtful.

anyone else looking at being around 50,000 in debt by the time they graduate?

I wish, probably gonna be closer to $100k

.  School doesn't want to give me any financial aid because apparently my parents make "too much"

...

Same boat... My single mom is paying out of pocket 100% for my expensive *$* school... I think she can afford it, but I feel so disgusting that i'm not even contributing anything.
And to think that I am the "man of my house".

 

[purpledino]

Originally Posted by Degenerate423

Originally Posted by ohdannyboy

After I graduate I plan on teaching in the public school system here. Once I do that for two years, my loans will be forgiven

.

loan forgiveness I think it's teach in an underprivileged area for at least two years and they forgive a huge amount. You can join ROTC and the army will pay off 1/3rd a loan per year, and pay for tuition for some degrees. You can also call your loan provider to switch your payoff plan. They have standard: 50 per month/every month Graduated: slowly goes up every month (this loan is for students just getting a job), and one other type (can't remember it).

 

[purpledino]

Originally Posted by Degenerate423

Originally Posted by cruzair13

on the same boat, my parents are paying just to keep the interest down..
i have both fed and private loans.
the fed ones aren't bad, the unsubsidized keeps accruing interests but both don't have to be repaid until 6 months after.

the program that I know of is teach for america, you have to teach in a public system and for two years, they system will pay for the interest totalling 10,000 dollars or so.
hopefully the economy is in better condition by 2014, I'm an accounting major and going for that CPA. or the end of the world happens. or some miraculous economic turnaround, where the government gives us money.... doubtful.

anyone else looking at being around 50,000 in debt by the time they graduate?

I wish, probably gonna be closer to $100k

.  School doesn't want to give me any financial aid because apparently my parents make "too much"

...

if your 24, you can declare independence on your financial aide and if you have an expected income of 0 they'll give you $$$.

 

[skip2mylou23]

You guys need to be paying off as much of your loans as possible. If not, the interest is going to start accumulating and your debt can even grow instead of going down.

 

[degenerate423]

Originally Posted by CaEagleSwag

Originally Posted by Degenerate423

Originally Posted by cruzair13

on the same boat, my parents are paying just to keep the interest down..
i have both fed and private loans.
the fed ones aren't bad, the unsubsidized keeps accruing interests but both don't have to be repaid until 6 months after.

the program that I know of is teach for america, you have to teach in a public system and for two years, they system will pay for the interest totalling 10,000 dollars or so.
hopefully the economy is in better condition by 2014, I'm an accounting major and going for that CPA. or the end of the world happens. or some miraculous economic turnaround, where the government gives us money.... doubtful.

anyone else looking at being around 50,000 in debt by the time they graduate?

I wish, probably gonna be closer to $100k

.  School doesn't want to give me any financial aid because apparently my parents make "too much"

...

Same boat... My single mom is paying out of pocket 100% for my expensive *$* school... I think she can afford it, but I feel so disgusting that i'm not even contributing anything.
And to think that I am the "man of my house".

Same here, I'm definitely getting a job when I get back to school.  Tried to get a summer job, but I've been going back-and-forth apartment hunting and I just got back from a vacation so I haven't had the time.

Originally Posted by Purpledino

if your 24, you can declare independence on your financial aide and if you have an expected income of 0 they'll give you $$$.

I'm only 20, but I know on the fafsa I can show that I don't live at home.  Not sure if it'll amount to significantly more financial aid or just a couple hundred extra.

Originally Posted by Purpledino

loan forgiveness I think it's teach in an underprivileged area for at least two years and they forgive a huge amount. You can join ROTC and the army will pay off 1/3rd a loan per year, and pay for tuition for some degrees. You can also call your loan provider to switch your payoff plan. They have standard: 50 per month/every month Graduated: slowly goes up every month (this loan is for students just getting a job), and one other type (can't remember it).

I'm gonna have to sit down sometime next year and see where I'm at on my loans.  I'm seriously thinking of joining the army to have them pay it off.  Hopefully, by then, we'll be out of the war (yeah, that's a stretch

) cuz it'll suck to get deployed and have to fight in a war I don't believe in...

 

[purpledino]

Originally Posted by Purpledino

if your 24, you can declare independence on your financial aide and if you have an expected income of 0 they'll give you $$$.

I'm only 20, but I know on the fafsa I can show that I don't live at home.  Not sure if it'll amount to significantly more financial aid or just a couple hundred extra.

Originally Posted by Purpledino

loan forgiveness I think it's teach in an underprivileged area for at least two years and they forgive a huge amount. You can join ROTC and the army will pay off 1/3rd a loan per year, and pay for tuition for some degrees. You can also call your loan provider to switch your payoff plan. They have standard: 50 per month/every month Graduated: slowly goes up every month (this loan is for students just getting a job), and one other type (can't remember it).

I'm gonna have to sit down sometime next year and see where I'm at on my loans.  I'm seriously thinking of joining the army to have them pay it off.  Hopefully, by then, we'll be out of the war (yeah, that's a stretch

) cuz it'll suck to get deployed and have to fight in a war I don't believe in...


army is not a bad idea b/c they pay off your loans give you housing/food + pay you for active duty. If your a graduate you can do officers training in a quick minute and get +5k annually. If them paying off 1/3rd of loan +28k is more then you'd make, you should consider it. Another cool thing is the GI bill (0% down payment on a house). But... don't forget it's the army, they'll work you to death.

 

[mplsdunk]

Originally Posted by Nako XL

~ $595 a month for 10 years. Kicks in in about 5 months.

I'm moving to Denmark and laying low.

+##@ man.

i just keep deferring mine since i'm starting up school again.

 

[degenerate423]

Originally Posted by Purpledino

Originally Posted by Purpledino

if your 24, you can declare independence on your financial aide and if you have an expected income of 0 they'll give you $$$.

I'm only 20, but I know on the fafsa I can show that I don't live at home.  Not sure if it'll amount to significantly more financial aid or just a couple hundred extra.

Originally Posted by Purpledino

loan forgiveness I think it's teach in an underprivileged area for at least two years and they forgive a huge amount. You can join ROTC and the army will pay off 1/3rd a loan per year, and pay for tuition for some degrees. You can also call your loan provider to switch your payoff plan. They have standard: 50 per month/every month Graduated: slowly goes up every month (this loan is for students just getting a job), and one other type (can't remember it).

I'm gonna have to sit down sometime next year and see where I'm at on my loans.  I'm seriously thinking of joining the army to have them pay it off.  Hopefully, by then, we'll be out of the war (yeah, that's a stretch

) cuz it'll suck to get deployed and have to fight in a war I don't believe in...

army is not a bad idea b/c they pay off your loans give you housing/food + pay you for active duty. If your a graduate you can do officers training in a quick minute and get +5k annually. If them paying off 1/3rd of loan +28k is more then you'd make, you should consider it. Another cool thing is the GI bill (0% down payment on a house). But... don't forget it's the army, they'll work you to death.


I hear ya on that last part.  Do you get the same benefits by joining the Air Force?  I know a girl stationed in Italy right now, and after seeing some of the pictures she's posted on fb, I feel like I made the wrong choice going to college

.  I suppose it'd be hard to get stationed in a place like Italy or Hawaii, but #%!# anywhere beats the debt I'm about to incur in a couple years...

 

[ryair max 1]

I have two private loans at an astronomical combined #. My payments for both are roughly $500 (roughly $250 for each). I know thats not the lowest but having a good credit score helps. I'm paying about $300 more per month and will probably unload a good chunk of my savings by the start of next summer (hopefully about 6K or so at the payments). Its tough but I made my decision and don't have much room for error here.

 

[purpledino]

Degenerate423 wrote

army is not a bad idea b/c they pay off your loans give you housing/food + pay you for active duty. If your a graduate you can do officers training in a quick minute and get +5k annually. If them paying off 1/3rd of loan +28k is more then you'd make, you should consider it. Another cool thing is the GI bill (0% down payment on a house). But... don't forget it's the army, they'll work you to death.


I hear ya on that last part.  Do you get the same benefits by joining the Air Force?  I know a girl stationed in Italy right now, and after seeing some of the pictures she's posted on fb, I feel like I made the wrong choice going to college

.  I suppose it'd be hard to get stationed in a place like Italy or Hawaii, but #%!# anywhere beats the debt I'm about to incur in a couple years...


Benefits for joining the air force should be similar. They usually have a "wish list" where you can put where you want to get deployed, but its no guarantee or anything. If your in a training for a job that is in high demand for the air force you have more power to decide where you want to go as well as enlistment bonuses (probably like 20k). Some of these jobs include: Fire support specialist, tactical data systems specialist for field artillery, crypto linguist-analyst, motor transport operator. I'm deciding next year whether I'll join the army or not because they offer the best for my occupation. Check out the different benefits for army, navy, airforce + others and see what works best for you.

 

[balloonoboy]

A friend of mine "paid" for admission to some college in NM to defer his loans for four more years. Sallie Mae bought it.

 

[ubuibeme]

Well here's my plan:

I'm 24 and start grad school this fall. I have private loans from undergrad and plan on taking out loans from graduate school (federal loans) and paying off my undergrad private loans (%#%* Sallie Mae) with them. I'm pretty sure it'll work because I have financial aid for grad school and I can get an additional 10K+ of "Graduate Plus Loans." In addition, if you pay a lump sum of your overall debt to your loan company, they will be FORCED to reduce your interest rate to continue making money off of you. Hope this helps.

 

[oneforall]

Free education ftw. I can't imagine taking loans just to be able to go to school. Ridiculous.

 

[illwill8710]

I'm at $450 a month and thinking about making them reduce it because I can't deal right now. Things are getting more and more expensive and my job has been on a raise freeze for a minute now. 

 

[Nouss]

$400/month. One loan with 500 left and another with 18k. Smh

 

[elnino4530]

I have a loan thru Chase and a Federal Loan.

Somehow 25k to Chase is only $150/month and 9k to Direct Loans is like $96. Been trying to double pay though to just get rid of these things

 

[extraordinary swag]

Only light at the end of the tunnel for me is the student loan forgiveness for government workers, but I still got at least 3 years til I meet the requirements for it

so I'll continue to get raped every month

 

[kobe4threebang]

make sure u guys relise that all of those "loan forgiveness" programs and laws obama is passing dont have anything to do w/ private loans u will have those forever cant file bankruptcy on them cant make them lower the pymt etc u pay what the bank tells u to pay and when

 

[feelleal]

Here is info for the public service Employees loan foriveness program. It was signed into law when bush was president. It is not just for teachers, also there is a program for those in law school. Basically you have to consolidate your loans, make 120 payments (10 years), not be in default of any o your loans and work in the public sector or with a non-profit and your loans will be forgiven

http://studentaid.ed.gov/...es/LoanForgivenessv4.pdf

 

[extraordinary swag]

Originally Posted by kobe4threebang

make sure u guys relise that all of those "loan forgiveness" programs and laws obama is passing dont have anything to do w/ private loans u will have those forever cant file bankruptcy on them cant make them lower the pymt etc u pay what the bank tells u to pay and when

yep good point, they only forgive federally insured loans. here's a list of them


Q18.  What are examples of the loans that qualify under the student loan repayment program?

A18.  Loans made or insured under the Higher Education Act of 1965 include the following:

Federal Family Education Loans (FFEL)

• Subsidized Federal Stafford Loans
• Unsubsidized Federal Stafford Loans
• Federal PLUS Loans
• Federal Consolidation Loans

William D. Ford Direct Loan Program (Direct Loans)

• Direct Subsidized Stafford Loans
• Direct Unsubsidized Stafford Loans
• Direct PLUS Loans
• Direct Subsidized Consolidation Loans
• Direct Unsubsidized Consolidation Loans

Federal Perkins Loan Program

• National Defense Student Loans (made before July 1, 1972)
• National Direct Student Loans (made between July 1, 1972, and July 1, 1987)
• Perkins Loans (made after July 1, 1987)

Loans made or insured under the Public Health Service Act include the following:

• Loans for Disadvantaged Students (LDS)
• Primary Care Loans (PCL)
• Nursing Student Loans (NSL)
• Health Professions Student Loans (HPSL)
• Health Education Assistance Loans (HEAL)

  

 

[rufiorufiorufio]

I had about 14000 in loans after i grad from rutgers. Then I applied to grad school. I took out a loan my first semester for 10000. Luckily I am currently a graduate assistant and will be finishing my masters w/ my tuition being covered. My stipend from the GA should cover all my loans.

In two years I will graduate w/ a MS in Marriage and Family Therapy sans debt and a safe chunk ok change.

Thank you Based God