I'm about to empty my bank acct and drop $20k to slay my student loans

[old pig]

Now would be a great time to have some cash on hand.

haa!

I’m “laughing” @ the irony not @ breh

life is fukking crazy man smh

 

[concise]

haa!

I’m “laughing” @ the irony not @ breh

life is fukking crazy man smh

Things can go crazy real fast.

 

[CouldntBeMeTho]

Corona virus. shyt is getting real. shyt is getting real. Corona virus

 

[Artificial Intelligence]

.......................

 

[R.E.N. Spells Ren]

haa!

I’m “laughing” @ the irony not @ breh

life is fukking crazy man smh

Things can go crazy real fast.

Agreed, but emptying your bank account is pretty much NEVER a good idea. A worldwide crisis ain't the only thing that could've had breh regretting that...breh could've lost his job the next week, got in a serious accident, etc.

 

[TLR Is Mental Poison]

Agreed, but emptying your bank account is pretty much NEVER a good idea. A worldwide crisis ain't the only thing that could've had breh regretting that...breh could've lost his job the next week, got in a serious accident, etc.

Tried to tell him. People let Dave Ramsey fool them

 

[old pig]

Agreed, but emptying your bank account is pretty much NEVER a good idea. A worldwide crisis ain't the only thing that could've had breh regretting that...breh could've lost his job the next week, got in a serious accident, etc.

that was my contention throughout the thread as fate would have it tho we got hit w/ worse

 

[FLATOP]

Glad I didnt pay this shyt

 

[L&HH]

Now would be a great time to have some cash on hand.

Let’s this be a word of advice

 

[qwer]

Step 1: Get on the public service repayment plan
(Pay 10 years and remaining balance is paid off)
Step 2: Get on income repayment plan
Step 3: Go work overseas. (I wonder if this works for online overseas jobs)
Step 4: up to $100,000 is untaxed income when u work overseas
Step 5: Your student loan payment will be based off your income. But ur taxable income is like $0 or very minimal b/c u make ur money overseas so ur student loan payment will be piff.
Step 6: Pay ur low ass student loan payment for 120 months...just calculate the amount it will cost to pay off and put it in a bank account and set it up on auto pay.


I’ve heard of people with $20 student loan payments who owe like 120k. A lot of teachers working in Dubai are apparently doing this.

Don’t know if this shyt will work but ummmmm....it’s worth a shot. They got tenure track positions in Abu Dhabi I’ve applied to.

Isn’t the loan forgiveness amount left over still taxable though? Like if you have 40k left over after the 10 year income base repayment plan. That amount would be just added to your income for that year and you would have to pay taxes in that 40k which would mean you have to pay somewhere between 15-40% on that amount depending on how much you make

 

[qwer]

Isn’t the loan forgiveness amount left over still taxable though? Like if you have 40k left over after the 10 year income base repayment plan. That amount would be just added to your income for that year and you would have to pay taxes in that 40k which would mean you have to pay somewhere between 15-40% on that amount depending on how much you make

I guess paying 6k-16k in that specific example is better than paying 40k. Hopefully in that 10 year time period congress comes up with a plan so that it no longer becomes a taxable after doing the repayment plan

 

[Sonic Boom of the South]

People really was advising this idiot to empty his Acct to pay off his student loans

 

[Astroslik]

Isn’t the loan forgiveness amount left over still taxable though? Like if you have 40k left over after the 10 year income base repayment plan. That amount would be just added to your income for that year and you would have to pay taxes in that 40k which would mean you have to pay somewhere between 15-40% on that amount depending on how much you make

LRAP is a scam. Don’t follow that advice. Less than 5% of people qualify for it and you can never miss a payment.

 

[mannyrs13]

When Bernie forgives student loans next year

you gonna be

This didn't age well.


Imagine all the gains in the market and crypto that could've been made with that 20k.

 

[TLR Is Mental Poison]

Women, finances, careers.... TLR's shytty advice will fukk your whole life up