Archived

This topic is now archived and is closed to further replies.

Awesomeness!!

Obama's student loan program.

123 posts in this topic

People that need immediate relief won't have a problem paying a little extra over the long run. Its the same reason people lease from Rent A Center or Aarons. Sorry everybody doesn't have 70,000 dollars laying around.

Sent from my XT907 using CarolinaHuddle mobile app

Share this post


Link to post
Share on other sites

Yes but the point is to provide relief to people that are paying more in student loan repayments then they are paying in rent.

Sent from my XT907 using CarolinaHuddle mobile app

 

The point is......politics.  As long as you are thinking about the relief angle, their job is done.

Share this post


Link to post
Share on other sites

What's the alternative? Eat Ramen until the debt is paid? How about working 80 hours a week while in college?

Sent from my XT907 using CarolinaHuddle mobile app

Share this post


Link to post
Share on other sites

Just borrow the money from your parents duh

Sent from my XT907 using CarolinaHuddle mobile app

Share this post


Link to post
Share on other sites

People that need immediate relief won't have a problem paying a little extra over the long run. Its the same reason people lease from Rent A Center or Aarons. Sorry everybody doesn't have 70,000 dollars laying around.

Sent from my XT907 using CarolinaHuddle mobile app

 

that's because they're fuging stupid and that's how they got into that position in the first place

Share this post


Link to post
Share on other sites

What's the alternative? Eat Ramen until the debt is paid? How about working 80 hours a week while in college?

Sent from my XT907 using CarolinaHuddle mobile app

 

Why yes.

 

- Previous generations

2 people like this

Share this post


Link to post
Share on other sites

Why yes.

 

- Previous generations

 

Because tuition hasn't gone up 6000% since the previous generation. Also income is up and the cost of living is dirt cheap.

2 people like this

Share this post


Link to post
Share on other sites

What's the alternative? Eat Ramen until the debt is paid? How about working 80 hours a week while in college?

Sent from my XT907 using CarolinaHuddle mobile app

It's all a matter of priority. If you want to get out of debt in a hurry you minimize all your expenses, and put everything towards paying off debt. Get clothes from the discount rack, coupon shop for groceries, drive an old car that gets great milage, etc.

I worked 45 hours a week in college with a full load and used any extra money after expenses to pay on my loan. I paid off all my college loans 12 months after graduation by living bare minimum and working as much OT as I could get. I ended up exhausted but I was debt free. It can be done, you just have to be willing to overlook the short term pain for long term gain.

Share this post


Link to post
Share on other sites

Psssst

Those countries where they have solved the gun issue .... They've solved this too

1 person likes this

Share this post


Link to post
Share on other sites

Psst. We are 4x as large as most those countries.

Refinancing is perfectly fine.

Forgiving debt at a certain point im not so sure of. The Prez did say you may have to take a job you dont want to pay debt so thev work ethic is still on the table.

Sent from my SPH-L710 using CarolinaHuddle mobile app

Share this post


Link to post
Share on other sites