Anybody get rid of student loans??

[subluxfxr]

I've heard of negotiating the student loans down to something more managable. I realize you cannot discharge them via bankruptcy anymore, but there is someway to lessen them...isn't there?

 

[Lestat]

You can consolidate them and put them on a 30 year payment plan.

 

[samoth]

I've heard of negotiating the student loans down to something more managable. I realize you cannot discharge them via bankruptcy anymore, but there is someway to lessen them...isn't there?

Yeah... not wasting your college time completing a TTT major with no employment prospects.

 

[Lestat]

that reminds me, I still have some fuckin student loans. I should pull some money out of this tanking market and be done with them once and for all

 

[subluxfxr]

Ya...looked into consolidating them at 6.8% and the payments are RIDICULOUS. I have well over 100k in loans, just graduated and am currently in my "grace" period. Its overwhelming trying to figure something out with all of it.

 

[needtogetarmy]

Bankruptcy is rarely an option. The new code in 2005 totally eliminated bankruptcy as an option for school loans.

 

[Lestat]

Ya...looked into consolidating them at 6.8% and the payments are RIDICULOUS. I have well over 100k in loans, just graduated and am currently in my "grace" period. Its overwhelming trying to figure something out with all of it.

wow that rate is WAY too high. I consolidated mine to 3.75%

 

[jnevin]

Bankruptcy is rarely an option. The new code in 2005 totally eliminated bankruptcy as an option for school loans.

I think they can be included in a Chapter 13, but yeah. I think you'll get over teh herp before you are able to bail on those loans.

 

[GUARDIAN]

You can consolidate them and put them on a 30 year payment plan.

i did this. it is like i have 2 house payments now. i should just keep taking classes. it would be cheaper but then no gym time

 

[roy2]

wow that rate is WAY too high. I consolidated mine to 3.75%

Probably because consolidation rates used to be lower then they are now. My undergrad is locked in at 3.125%. Too bad I am applying to dental school which will cost over $200,000..

 

[Lestat]

Probably because consolidation rates used to be lower then they are now. My undergrad is locked in at 3.125%. Too bad I am applying to dental school which will cost over $200,000..

ouch!

 

[roy2]

Yeah. The amount of debt I'd have to go into bothered me for a while, but I'll be making enough right out of school that I'd be able to pay it off relatively quickly.

 

[subluxfxr]

Gotta be some way to negotiate these. What's the point of going to school if you have an extra "house" payment to make each month for 25-30 yrs. Where's the benefit? 25-30 yrs from now i'll be retiring and only then getting out of debt. WTF? Why not skip "higher ed" and you'd be way better off. Wish i'd thought of this before i started all this 10 yrs ago!!!!! GRRRRRR

 

[Stefka]

Christ, I am so fucked.

 

[subluxfxr]

...and 7% is complete bs to! Rates are going down. I took alotta the loan out at 2 or 3% Why the eff can I not get a decent rate. I realize that's the going rate, but wtf. I've been messing w/this all day. I need a drink

 

[borris]

I took about 30k out in loans, been out of school for about 8 months now and have half of it paid off

 

[GUARDIAN]

though the debt is painful i have opportunities that my education has afforded me that i wouldnt have otherwise. my income tripled overnight and now i am settled at a place i can comfortably retire from.