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re: School loan repayment begins Oct 1st. Students are scrambling to set up loan repayment.

Posted on 9/30/23 at 7:09 am to
Posted by Contrary
Nashville
Member since Dec 2019
1084 posts
Posted on 9/30/23 at 7:09 am to
quote:

What's there to set up?
if you read this thread you'll see that she was callin to ask a question about consolidation of different school loans. She hung up when she saw it was a 400 minute wait

she just paid her first note of her loans


My son paid his off in 1 shot after still living at home(no bills and 22 yrs old) and saving his checks from work. He sent them the pay off yesterday. My daughter however is paying a note on her loans. She makes really well but she is on her own and has her own set of bills. Her rent alone is 3300 a month. Yes, she is an OT ballerette.
This post was edited on 9/30/23 at 7:21 am
Posted by LordSaintly
Member since Dec 2005
39007 posts
Posted on 9/30/23 at 10:34 am to
quote:

Her rent alone is 3300 a month.


Holy hell. She should find somewhere cheaper.
Posted by ned nederlander
Member since Dec 2012
4337 posts
Posted on 9/30/23 at 10:59 am to
quote:

My daughter is a cpa(certified) and makes pretty good(100k)


quote:

Her rent alone is 3300 a month.


I’m sad this thread got moved from the OT because you are blaming Biden for your daughter’s inability to budget and live within her means.

She is spending more than 50% of her take home pay on rent. And has student loans. Does she intend to ever try and save for retirement? Or is she just relying on Trump and Biden saying social security will be protected.

Posted by BBONDS25
Member since Mar 2008
48797 posts
Posted on 9/30/23 at 5:17 pm to
quote:

if you read this thread you'll see that she was callin to ask a question about consolidation of different school loans. She hung up when she saw it was a 400 minute wait


Income based repayment is available to all borrowers and is 10% of annual income. Not a single borrower should be whining about their repayment plan. All it takes is a modicum of preparation.
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