Financial Advice (student loan related)

[JasonSJackson]

135k in education a not one lesson on how to handle situations like this huh?

Lol

 

[JasonSJackson]

But to answer your question, Just take classes every semester.

 

[Mr swag]

135? Please be a doctor and not a liberal arts major

 

[Mr swag]

I'm going into my masters program I'm 28. I saved for 6 years and will now pay for my masters CASH

I will save 50,000-100,000 just by doing that alone

 

[concise]

135k in education a not one lesson on how to handle situations like this huh?

Lol

Of course not, if there were, they wouldn't make as much money.

 

[semtex]

Boy it is tough to play your cards right in this world this dwarfs my financial burdens.

 

[BreezyH]

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

keep going up the customer service chain via phone. sallie mae wants their money, so they're either going to have to work with you or they not gonna get paid.

 

[patscorpio]

mine is 14% and I feel like killing someone now to get it off my head

DAMN IT

why is your loan interest so high?

 

[heisenburrr]

<--------

 

[jilla82]

shyt like this is the reason why if I ever have kids, im telling them to not go to college (unless they get into an Ivy).
There is too much money to be made out there w/o a college education.

 

[Turbulent]

So I was on income based repayment (IBR) plan paying $547 a month for my 135K in student loans (I know... I know...) and Sallie Mae just hit me with, nah we can't have you on IBR anymore we're putting you on the standard plan. It's some technicality bullshyt. Anyway they're putting me at over $1600 a month now. I literally cannot afford this. I got other bills, an apartment that is over 1K a month, bills, tons of medical costs, food, etc. They will literally bankrupt me in a few months.

What are my options here? They're just gonna garnish my wages if I don't pay. Do I just quit my job and declare bankruptcy so that they can't garnish shyt because I'll be making less money than I am now working some bullshyt job (that will actually pay me more because of the way percentages work and shyt)?

I'm going to talk to a financial planner and see just how fukked I am, but it is looking bad. Anybody else ever been in this situation? How can I solve this without completely ruining my credit and life (if at all).

Financial brehs, I need some advice

not familiar with how the student loan system works in the US but how much is the interest rate on your student loans? would it be possible to get a loan for the same amount as the balance at a lower rate (and maybe at the same time not be forced to pay as much monthly)?

 

[GetSomeMoney]

Im sorry but wtf were you thinking, this shyt is beyond retarded. My sister did psych but only paid her undergrad, got scholarships for the masters and phd level. You should have been looking for scholarships or went to significantly cheapers schools. I don't know who advised you before going to school but it was terrible advice.

 

[Turbulent]

I hate Sallie Mae. They actually sent me an email in February stating that I had maxed out on my in-school deferment and that my monthly payments would begin whether I liked it or not. I honestly almost had a heart attack. I thank the lord because my high school mentor just paid off half of my balance and I'll make sacrifices to pay off the rest over the next two years. Sallie Mae does not care though. They want their money and they don't care if you have it or not. I'm literally going to pray that your situation works out though. It's not fair that they're able to go back on the deal that you agreed to...

 

[Turbulent]

my opinion on college: nothing wrong with it as long as you know why you're going in and have a financial plan on how to finance it. i feel like too many people go to college cause "it's the thing to do". like other people said, unless you can get a scholarship or your job to pay for your tuition, shyt doesn't seem worth it in most cases.

 

[Scientific Playa]

Food for Thought: US students struggle with hunger as tuition skyrockets


Published on Aug 10, 2014

Skyrocketing tuition fees in America are now forcing many students to struggle to find any food for thought. So some universities are now setting up soup kitchens, to make sure their pupils can make it through the day.