I guess I need to become a criminal and have undocumented wages or something now so they can't garnish them.
But I'm not built for that life
But I'm not built for that life
Financial Advice (student loan related)
- Thread starter Ciggavelli
- Start date
You should have been an md or dentist if you're going to have debt like that...
Anyways try to get that shyt paid off as soon as possible, you don't want to be making minimum payments as those interest rates will fukk you up.
Anyways try to get that shyt paid off as soon as possible, you don't want to be making minimum payments as those interest rates will fukk you up.
I can't possibly make the 10 year plan on the salary I'm making right now. It's just not possible.
I was under the impression that I could be on IBR as long as I made under 100K a year (at least that's what Sallie May eluded too). Apparently that is not the case. I had the perfect plan of just paying the bare minimum for 30 years and then having the rest forgiven. it seemed so perfect
Then it fukked me today...
only advice is to tighten your belt, pay on time, don't get behind and write Senator Elizabeth Warren's staffers for help and guidance. She's the only prominent voice on Capitol Hill addressing the student loan debt problem.
just saw this, thread related ...
http://www.politifact.com/truth-o-m...omeone-minimum-wage-could-earn-enough-summer/
The Truth-O-Meter Says:
"In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
Facebook posts on Thursday, August 7th, 2014 in a meme on social media
Could a minimum-wage earner in 1978 earn enough in a summer to pay a full year's tuition?
Share this story:
A reader sent us this social media meme, so we checked to see whether it was accurate.
Everything was better in the old days, apparently -- including the chore of paying for college, at least according to a social media meme sent to us recently by a reader.
The meme -- created by OurTime.org, an advocacy group for young Americans -- said, "In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
Really? We figured this was worth a look.
First, the minimum wage. Starting on Jan. 1, 1978, the minimum wage was $2.65. Someone working at the minimum wage for 13 weeks, and 40 hours per week, in the summer of 1978 would have ended up with $1,378 for their labors.
For the tuition they would have faced in the 1978-79 school year, we turned to figures from the National Center for Education Statistics, the federal government’s repository of education data.
The cost of tuition and fees (in that year’s dollars, not adjusted for inflation) was $688 for in-state residents attending a four-year, public university.
So the meme’s claim is correct except for a few caveats -- two minor and one more significant:
• The cost of tuition and fees plus room and board was significantly higher that year --$2,145 -- but the meme was careful to cite "tuition" only, so we’ll ignore the impact of room and board.
• The tuition-and-fees figure we used is a national average, so some states may have had in-state tuition rates out of reach of minimum wage workers.
• The meme’s only notable failing has to do with overly broad wording -- specifically its use of the phrase "of their choice." The data we used refers to in-state tuition, meaning that the student would have access to this sweet tuition rate only at their home-state university. That’s not the same thing as "of their choice."
Our ruling
The meme saidthat "in 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
If you use the national average the figure is correct. The only problem is the part about a university "of their choice." The data is correct for in-state tuition -- not for any university in the country, where out-of-state rates may well have kickedup the tuition amount beyond a summer’s minimum-wage haul.
On balance, we rate the claim Mostly True.
CORRECTION: After we published this article, a reader noticed that we had used the incorrect tuition figure from the National Center for Education Statistics chart. This version uses the correct figure. The rating remains at Mostly True.
just saw this, thread related ...
http://www.politifact.com/truth-o-m...omeone-minimum-wage-could-earn-enough-summer/
The Truth-O-Meter Says:
"In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
Facebook posts on Thursday, August 7th, 2014 in a meme on social media
Could a minimum-wage earner in 1978 earn enough in a summer to pay a full year's tuition?
Share this story:
A reader sent us this social media meme, so we checked to see whether it was accurate.
Everything was better in the old days, apparently -- including the chore of paying for college, at least according to a social media meme sent to us recently by a reader.
The meme -- created by OurTime.org, an advocacy group for young Americans -- said, "In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
Really? We figured this was worth a look.
First, the minimum wage. Starting on Jan. 1, 1978, the minimum wage was $2.65. Someone working at the minimum wage for 13 weeks, and 40 hours per week, in the summer of 1978 would have ended up with $1,378 for their labors.
For the tuition they would have faced in the 1978-79 school year, we turned to figures from the National Center for Education Statistics, the federal government’s repository of education data.
The cost of tuition and fees (in that year’s dollars, not adjusted for inflation) was $688 for in-state residents attending a four-year, public university.
So the meme’s claim is correct except for a few caveats -- two minor and one more significant:
• The cost of tuition and fees plus room and board was significantly higher that year --$2,145 -- but the meme was careful to cite "tuition" only, so we’ll ignore the impact of room and board.
• The tuition-and-fees figure we used is a national average, so some states may have had in-state tuition rates out of reach of minimum wage workers.
• The meme’s only notable failing has to do with overly broad wording -- specifically its use of the phrase "of their choice." The data we used refers to in-state tuition, meaning that the student would have access to this sweet tuition rate only at their home-state university. That’s not the same thing as "of their choice."
Our ruling
The meme saidthat "in 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
If you use the national average the figure is correct. The only problem is the part about a university "of their choice." The data is correct for in-state tuition -- not for any university in the country, where out-of-state rates may well have kickedup the tuition amount beyond a summer’s minimum-wage haul.
On balance, we rate the claim Mostly True.
CORRECTION: After we published this article, a reader noticed that we had used the incorrect tuition figure from the National Center for Education Statistics chart. This version uses the correct figure. The rating remains at Mostly True.
They effectively tripled my payment every month. There is no way I can't get behind. They already got me working 50-60 hour weeks about half the month and on top of that I'm trying to finish off this dissertation. I can't get another job to help either.only advice is to tighten your belt, pay on time, don't get behind and write Senator Elizabeth Warren's staffers for help and guidance. She's the only prominent voice on Capitol Hill addressing the student loan debt problem.
just saw this, thread related ...
http://www.politifact.com/truth-o-m...omeone-minimum-wage-could-earn-enough-summer/
The Truth-O-Meter Says:
"In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
Facebook posts on Thursday, August 7th, 2014 in a meme on social media
Could a minimum-wage earner in 1978 earn enough in a summer to pay a full year's tuition?
Share this story:
A reader sent us this social media meme, so we checked to see whether it was accurate.
Everything was better in the old days, apparently -- including the chore of paying for college, at least according to a social media meme sent to us recently by a reader.
The meme -- created by OurTime.org, an advocacy group for young Americans -- said, "In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
Really? We figured this was worth a look.
First, the minimum wage. Starting on Jan. 1, 1978, the minimum wage was $2.65. Someone working at the minimum wage for 13 weeks, and 40 hours per week, in the summer of 1978 would have ended up with $1,378 for their labors.
For the tuition they would have faced in the 1978-79 school year, we turned to figures from the National Center for Education Statistics, the federal government’s repository of education data.
The cost of tuition and fees (in that year’s dollars, not adjusted for inflation) was $688 for in-state residents attending a four-year, public university.
So the meme’s claim is correct except for a few caveats -- two minor and one more significant:
• The cost of tuition and fees plus room and board was significantly higher that year --$2,145 -- but the meme was careful to cite "tuition" only, so we’ll ignore the impact of room and board.
• The tuition-and-fees figure we used is a national average, so some states may have had in-state tuition rates out of reach of minimum wage workers.
• The meme’s only notable failing has to do with overly broad wording -- specifically its use of the phrase "of their choice." The data we used refers to in-state tuition, meaning that the student would have access to this sweet tuition rate only at their home-state university. That’s not the same thing as "of their choice."
Our ruling
The meme saidthat "in 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university of their choice."
If you use the national average the figure is correct. The only problem is the part about a university "of their choice." The data is correct for in-state tuition -- not for any university in the country, where out-of-state rates may well have kickedup the tuition amount beyond a summer’s minimum-wage haul.
On balance, we rate the claim Mostly True.
CORRECTION: After we published this article, a reader noticed that we had used the incorrect tuition figure from the National Center for Education Statistics chart. This version uses the correct figure. The rating remains at Mostly True.
Maybe it's just time to give up
kevin arnold
Superstar
what was the reason that they told you your payments were going up
I can't possibly make the 10 year plan on the salary I'm making right now. It's just not possible.
I was under the impression that I could be on IBR as long as I made under 100K a year (at least that's what Sallie May eluded too). Apparently that is not the case. I had the perfect plan of just paying the bare minimum for 30 years and then having the rest forgiven. it seemed so perfect
Then it fukked me today...
Time to get a 2nd job nikka
Sallie Mae aint gonna do no damn forgiving, they want their money.
they were very vague and said they couldn't grant my request for IBR anymore and told me my new amount. I just got the email this afternoon after work, so I couldn't call today. I'm calling first thing Monday to see what the real reason is. I'm gonna try to explain my situation, but I doubt they'll care. We'll see though
I can't really get a second job though. My first job sometimes makes me work from 7:30am to 7:30pm. I don't have a regular schedule all the time. I could work on the weekends though I guess, but then I'd have to stop working on my phd. It may need to be done thoughTime to get a 2nd job nikka
Sallie Mae aint gonna do no damn forgiving, they want their money.
kevin arnold
Superstar
seems weird though, I was just looking at their website. since you only report your income annually i can't see why they would change it now, and even if you were making more money it still has to be the same percentage that you started with
They effectively tripled my payment every month. There is no way I can't get behind. They already got me working 50-60 hour weeks about half the month and on top of that I'm trying to finish off this dissertation. I can't get another job to help either.
Maybe it's just time to give up
can you give up the apt or get a roommate situation? go back home/stay with relatives temporarily? you've worked too hard and come to close to give up in my opine.
You gotta apply for income based repayment every year. I only made 3k extra this year, so it shoulda been fine. I dunno what happened.
I guess I could live with my grandma if worse comes to worse. I really don't wanna do that, but I guess I may need to
she'd love the company, be extra proud of your efforts and enjoy giving you a helping hand in life.
if you need to smash something once in a while rent a hotel room or get a understanding chick with a crib.
