lets here those horror stories.
My gf used to work with a guy that took 120k out for a 4 year bio degree. The guy lived at home, and everything he made went to his loans cuz his payment was something like $1k per month.
Gf took out 23k, worked through school, and came out with two degree lol
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10-12-2017, 08:41 AM #1
anyone fuked by student loan debt?
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10-12-2017, 08:44 AM #2
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10-12-2017, 08:47 AM #3
- Join Date: Mar 2008
- Location: Virginia, United States
- Age: 37
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Yep, got some school loan debt but I'm the tard that took them out so I can't really complain.
guys i not afriad 2 show my boobs cuz they r just boobs but i aint a slut yall so sorry i aint showing cuz i have respect for my self
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10-12-2017, 08:47 AM #4
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10-12-2017, 08:50 AM #5
- Join Date: Jul 2010
- Location: Florida, United States
- Age: 36
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No, my parents paid for my undergrad degree at a state school (not super rich, my dad is a mechanical engineer and budgeted properly for his children's future) and I paid for my graduate degree at a state school in cash while working and living at home. Zero debt crew.
Never neg first but always neg back crew
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10-12-2017, 08:50 AM #6
Some kids just don't have the financial knowledge at 18 years old to understand what impact it will have on the rest of their lives, and their parents are just as ignorant.
I came out with about 28k in debt, but with engineering and economics degrees. I could have probably come out without any debt, but that's a moot point now. I'll have mine paid back in about 2 more years. Some of my friends came out with 2-3x as much and will be making payments until their halfway through their careers.
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10-12-2017, 08:52 AM #7
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10-12-2017, 08:55 AM #8
I was the first kid to go to college for my family. They would tell me to take a bunch of money to live off of also. I basically was told it was normal and I was like "alright where do I sign." It's annoying cuz I was basically the guinea pig for college loans for my sister who was in middle school at the time. When I graduated and got asked to make my first payment it was like 850 dollars a month.
I was 85-95k in debt. I refinanced it so my interest rate is 1.25% now. It was 6.5% and wasn't getting anything paid off. I paid it down over 50k now. I make a 1000 payment a month when I only need to pay like 250 or something.
Luckily my wife has a decent career and had 0 students loans. It would suck if we both had some.NDSU Crew
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HTC 4 life brother!!!
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10-12-2017, 08:58 AM #9
- Join Date: Jun 2009
- Location: Denton, Texas, United States
- Posts: 7,029
- Rep Power: 36807
Inspirational AF...I wont' disclose how bad off I am, not as bad as the story mentioned in OP but lets just say I"m only paying interest at this point. Actually back in school ATM but the plan is to make more, live at the same level and get to the point where I can at least start making an appreciable impact on the debt.....
Espeically since it looks like Trump Devos and crew are going to not honor the loan forgiveness program.Check out my supplement log for Gaspari's Size On!
http://forum.bodybuilding.com/showthread.php?t=172059223
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10-12-2017, 08:58 AM #10
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10-12-2017, 08:59 AM #11
- Join Date: Jun 2009
- Location: Denton, Texas, United States
- Posts: 7,029
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10-12-2017, 09:00 AM #12
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,661
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$1k/month is nothing when you're an adult.
I'm so sick of listening to *******s complain about their student loan debt. It was an investment that you hopefully applied successfully to get a good career. fuking millenials will pay $800 for an iphone and then are completely mind=blown when they can't afford their student debt payment that month. Save your fukin money. Stop looking at 1st world LUXURIES as if it's a necessity. You don't NEED a new car. You don't NEED to buy a brand new kitchen table & chairs. You don't NEED to pay more than $150 for a fukin PHONE. You don't NEED to buy a home with no down payment and pay $700/mn on interest alone.
I have no debt, tons of cash leftover every month. Makes me rage. "oh paying these student loans is so HARD" while driving a 2017 bmw and talking on an iphone 8. go fuk urself.Spoiler alert; you die at the end.
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10-12-2017, 09:00 AM #13
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10-12-2017, 09:00 AM #14
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10-12-2017, 09:01 AM #15
There should be some mandatory crash course about the implications of said loans.
What debt isn't dischargeable (bankruptcy)
Estimating future earnings and how long it'd take to pay off
Cashflow with monthly expenses of such earnings
Etc.
Then again my dumbass 18yr old self would probably still not take that advice. Fortunately I'm in canada where education is much cheaper than it is for you guys.No shaving cream crew
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10-12-2017, 09:04 AM #16
Was thinking about how debts are bought and sold to other loan companies for pennies on the dollar...brb, starting my own debt buying business so I can buy out my student loan for pennies on the dollar then delete it off the books.
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It don't matter. None of this matters.
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10-12-2017, 09:06 AM #17
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10-12-2017, 09:07 AM #18
I had 10k in private through Wells fargo that I paid off myself. The rest were federal loans. I consolidated with the Bank of ND which is owned by the state of ND I believe. They consolidated all the loans into one giant loan. It is great to actually see the student loan amount actually go down now. It is an interest rate that can increase but not go over a certain percentage which is a lot lower than the normal interest rate. The maximum is like a .25% a year.
I had several friends consolidate with the same bank also.
I was getting nowhere with the 6.5% and above interest.NDSU Crew
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Over the Top is the GOAT Movie Crew
HTC 4 life brother!!!
"If you don't have skid marks on your underwear after a leg workout, then you aren't training hard enough" - Big Lenny
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10-12-2017, 09:10 AM #19
- Join Date: Jun 2009
- Location: Denton, Texas, United States
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10-12-2017, 09:11 AM #20
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10-12-2017, 09:16 AM #21
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10-12-2017, 09:17 AM #22
- Join Date: Jun 2009
- Location: Denton, Texas, United States
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people with high intrest rates..apparently this company refi's student loans (fed included)
https://www.sofi.com/student-loan-he...824948_nogclid
Another Resource to look at
https://studentloanhero.com/5-banks-...nt-loans-0081/Check out my supplement log for Gaspari's Size On!
http://forum.bodybuilding.com/showthread.php?t=172059223
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10-12-2017, 09:20 AM #23
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10-12-2017, 09:21 AM #24
- Join Date: Nov 2013
- Location: Massachusetts, United States
- Posts: 4,428
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I have heard countless horror stories of my friends going broke due to student loan monthly payments. I feel so bad for them
My current roommate got off easy, racked up 100k in debt, parents and grandparents paid it all off cause he's "they're favorite" and lovesss to brag about it. I'm severely rustled by this kid, so I do what I can to piss him off when I'm home.
I accumulated something like 20k at a community college, BUT I had to do some active duty time to get that chit paid for :/US Navy Corpsman '09-'19 "Motrin, water, take a knee"
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10-12-2017, 09:25 AM #25
- Join Date: Sep 2012
- Location: Acworth, Georgia, United States
- Age: 27
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Definitely agree some should have looked at all the options in life and taken the personal responsibility.
I have around 4-5k in student loan debt, really low right? I quit school because I had more opportunities than If I actually went to school and finished my degree.
Was not about to come out of college with 40k in debt when I can make very good money else where.- Rip Zyzz -
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10-12-2017, 09:28 AM #26
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10-12-2017, 09:39 AM #27
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10-12-2017, 09:40 AM #28
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10-12-2017, 09:44 AM #29
I know a bunch of people who went out of state and who had like 80-100k coming out of school. I went in-state and got some scholarships and worked a little through school. I paid for all of tuition but parents helped out a for rent so I had 14k and paid it off in 9 months out of school.
Never go full retard out of state.Tottenham Hotspur
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10-12-2017, 09:46 AM #30
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