student loans

THIS. college should not even accept people under 21. it can be a great resource if you actually know what you want to do with your life, but if all you've experienced is high school there's absolutely no way to actually know what you want to do.

hell, i'm still seeing it happen now that i'm in grad school too. i'm only about 3-4 years older than most of my classmates, but it still feels like they're all a bunch of spoiled little kids who just don't have the real world experience to understand what we're learning or why it can be useful.

 

I ended up $25,000 in debt and have been paying $100 a month for the past 8 years. I think it's down to $16,000 now. Tuition has doubled since then so I'm glad I went to college when I did.

 

I got a student loan yrs ago (back in the 80's). When I was married and filed income tax every year with my husband...the $$ went to pay "HIS" student loan seeing as he was the "bread-winner". After we got divorced some of my wages for different jobs was garnished to pay my loan and all my tax refund went directly to payy the loan.....EXCEPT when I got a copy of everything from the bank who handled the student loan...NOTHING showed up!! not my garnished wages or the tax refunds. It was as if nothing was paid for years. Now all the interest is about 3 times as much as the original loan was.

And it will probably never be paid off.

 

grad school? I thought you could just get a B.A. at clown college...

 

yeah, and in 3 years i'll be a doctor of clownology.

 

Stop yelling

 

https://www.youtube.com/watch?v=j9JdUo44i3M&feature=related"]Everest College Commercial "TRUE LIFE: Lady of the Day" - YouTube
lol, I went to Everest and I wound up turning them into the states attorney generals office.. How can I get a degree when they dont teach!! They just collect your money and dont give a fuck what happens in the classroom.

 

Seriously, I don't really plan, realistically, on ever getting out of debt. I would if I could but it just feels like trying to get back on a treadmill, going back to the job market. I may be making less than others on my limited pension, but at least I don't have to get my tired ass out of bed every morning, and still make 2,000 a mo.

Seriously though, with my sleep issues, it's nice to be able to sleep for a change.

But I worked like a dog for that.

It's nice to be able to just side-step the raging current of commerce once in a while, take a breather,,

 

Student loans are a means to an end for most who need them. Thankfully the do exist for those who have the desire to further their education but do not necessarily have the means to.

While not ideal they at least provide an opportunity for those interested in furthering their education.

It is unfortunate that simply having the grades or marks is not enough and that many people are forced to graduate in debt.

The debt can greatly be reduced by early payment though and if planned for it is something that can be done.

 

i know it amazes me. those fly by night school aren't cheap either. the tuition at many is comparable to that of leading universities.

 

You should see the ridiculous amount of law suits University of Phoenix has on them, tons! I used to attend that shitty ass excuse for a "University" until I was fucked over by the financial aid department.

 

Ah, yes,,the "P" word,,

Then there are those other things,,the things nobody plans for,,

If only,,

 

I hear you.

Planning also means adapting to situations. Most people who feel overwhelmed by the debt get to the point of feeling helpless in paying it back rather than trying to find a new plan.

It is not easy to work around by any means but also not doing anything solves nothing.

Even paying back and extra 50 per month helps in the long term.

 

Student loans are unresolvable, apparently, without some kind of deal. Taxes, much to my surprise, are soluble. If you've filed your returns faithfully, the law says that you can file for bankruptcy and resolve your tax debt, after three years. After ten years, the debt is wiped, but sometimes you have to hire a lawyer to get the IRS to actually dissolve it.

Unfortunately, a bankruptcy costs a lot now. Back in 1987 my wife and I had to file for bankruptcy over two job losses and a newborn, at the same time. We did it all ourselves, from a book by NOLO Press. Now, everyone suggests you go through a lawyer, to be safe. Bankruptcy attorneys charge around 2000 dollars in this area to file for you.

Now how's an average person supposed to come up with 2000 dollars, if they are under so much financial strain that they've chosen to go bankrupt?

Even when the IRS was offering to take 150/month, they told me themselves that it would probably never pay off our tax debt. It was just to get them to leave us alone.

Eventually, a friend of mine I've known since grammar school, who became a CPA and does our taxes every year, offered to speak with the IRS for me. I was willing to go myself, but he suggested I not face them personally, but let him do it. He got them to put us on "uncollectible"
status. That just means that, for the moment, they don't do anything, no "garnishing", no "account freezing",,

But if I ever make money, over and above my pension, if it's formal, on paper, I get nicked by the IRS.

They try to make you feel like it's just horrible if you don't pay them what you owe. I'd like to, but I didn't plan on being forced into retirement, on a limited pension. The irresponsible city planners decided that, when they gave all the electricians the boot, because they were short of funds, due to fiscal mismanagement.

I'd rather see my family have food on the table than feel guilty about the money I supposedly owe a government that fucks us at every turn.

 

But the original topic of this thread is "student loans", not IRS debt, so forget what I said,,