Posted on 04/09/2016 2:40:40 PM PDT by hattend
The best way to counter these idiots if to point them to “Hard Work U” https://www.cofo.edu/
I realize that, that’s why I replied as I did.
Can you pay them off with a consolidation loan at a lower rate? Or are you stuck with it forever (in this chick's case) or until it's paid off?
Like child support and alimony? Income tax debt?
A relative who makes a nice income recently bought a house and took out a 30 year mortgage. I asked why he didn’t get a 15 year one. Yeah, he wouldn’t listen to the reasoning. He travels with his job so gets a ton of free miles which he could flip over into Walmart cards or other “cash-like” options. What’s so hard to understand? Using the miles as income frees up a couple of paychecks to pay down the mortgage. But, no. He’d rather waste those miles to fly everyone and their dog all over. Tried to explain he needs to consider his kids first and that if he died tomorrow they would owe more than the house is worth. Of course, you know how that conversation ended.
BTW, I took 18-21 hours each semester of college and went in the summers to finish up in 3 years so I wouldn’t be a burden on my parents’ wallet or have an outstanding loan. I also didn’t take underwater basket weaving or womens studies but stuck to the degree plan. I also had a part time job and lived in the dorms. And, ...drum roll..., still had plenty of time to play. There is no excuse for all the foolishness from these facebook losers.
Actually, credit card and school loan statements both calculate and tell you how long it takes and how much you pay if you only pay the minimum vs. Paying a little extra. All she has to do is read it.
Unless it’s an emergency or out of a job, why would one defer a loan for a decade or more?
My brain just can’t wrap around that.
Yes, you can consolidate once, that’s what I did to pay off faster.
Sorry, that wasn’t clear to me.
Don’t forget to advise the parents NOT to co-sign for their snowflakes’ college apartments. Guaranteed one of the roommates won’t pay and the apt. management will come to snowflake’s parents for the $$$$$. If the roommates continue not to pay, you know who is going to have their credit rating ruined. And don’t take, “but, but, it won’t happen!” because it will and they’ll be stuck holding the bag. If snowflake can’t stay in the dorm, then it’s up to snowflake to get a job and pay for his own apartment.
Student loans have become a long-term mortgage on your life - and not discharged in bankruptcy by Clinton, as a favor to banks.
[ Actually, credit card and school loan statements both calculate and tell you how long it takes and how much you pay if you only pay the minimum vs. Paying a little extra. All she has to do is read it. ]
You can lead a liberal to a book, but you cannot make them think.
Yeah, the student loan statement probably had “minimum payment” and based of some simple mental math she probably had “min payment” of 120 a month, where as if she paid 180 a month it would have been paid off.
Then again the idiot doesn’t disclose the interest rate, though given enough time in excel I could probably figure out the interest rate and and the min payment made vs. the 30 years payoff rate.
What a moron
My Shanghai-born lady friend’s daughter (I think of her as my little girl) was a 16 year old college freshman. Dual majors in Chemistry and Bio-mechanical Engineering. She got scholarships that paid for her education, She got grants from different groups that paid for housing and food, and even some walking around money! The only thing her Mom paid for was some extra taxes as not all the grants were tax free. Companies started trying to recruit her at the end of her Freshman year. One is now paying for her post-graduate work. I’m very proud of her! No debt whatsoever!
[ Student loans have become a long-term mortgage on your life - and not discharged in bankruptcy by Clinton, as a favor to banks. ]
If they forgive student loans for those who are irresponsible morons, what do us responsible people who paid them off early by scrimping and saving do?
Break out the torches and pitchforks?
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Our mortgage is at 3%. Our HELOC is at about 4%.
Our investments are returning about 10%.
You do what you want, I am putting any extra cash toward the investments.
My understanding is that you shut up and obey your Socialist masters.
If you have money, it is only because they decided that portion is yours.
What they do with "their money" (the amount they steal from you by fiat), is none of your business... sadly.
For what it is worth, I believe they will forgive student loans in the future.
At this point, I have no idea why they tax us anyway. They just print whatever they need anyway. Apparently, they tax us for the purpose of control and punishment and dependency.
All but. Have you missed decades of relentless propaganda being drilled into young people that if they didn’t get a college degree they’d be a failure in life?
They did what people in authority told them were the right things to do, and got screwed every which way for it. This didn’t come out of a vacuum.
Try twice that on my vehicle and (knock on wood) hoping for several more years.
No, it’s on you and me because their bff Barry is going to forgive the loan. It’s all Monopoly money, right?
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