General Discussion

JDPriestly

(57,936 posts)

73. Your loans are deferred while you remain in school.

Reply to 4th law of robotics (Reply #45)

Wed May 23, 2012, 03:32 PM

May 2012

By the time you graduate at the end of, say, four years, you have accumulated a lot of interest -- on which your lender charges you interest. As I stated above, I paid very high interest rates until I was able to refinance and consolidate them. And then, somehow, I think that I could not include all of my loans when I consolidated. I'm not sure, but I think there were some loans that could not be consolidated.

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This Picture Will Make You Think Forgiving Student Debt Isn't So Crazy After All [View all] Playinghardball May 2012 OP

It's time for the Jubilee. kentuck May 2012 #1

And after that target the schools Puzzledtraveller May 2012 #4

ITA. It is probably the only thing that will save this country. Liberal Veteran May 2012 #5

Proven money-making majors. JDPriestly May 2012 #68

Agreed. Although the term "liberal arts" is one the wingnuts hate. Liberal Veteran May 2012 #80

They are confusing liberal arts and fine arts. Manifestor_of_Light May 2012 #104

OMG! Spot on! chervilant May 2012 #156

Wow. YellowRubberDuckie May 2012 #2

God didn't really mean that. Liberal Veteran May 2012 #7

I believe the bible is on the same level as Aesop's Fables. YellowRubberDuckie May 2012 #88

Or that rain didn't refract light before rainbows became god's 'compact' with man not to flood again AtheistCrusader May 2012 #134

Well, c'mon-- we derive our values from the Bible. It's the infallible word of god. Marr May 2012 #16

Please see my post number 88. LOL YellowRubberDuckie May 2012 #89

Yay for me, I'll get to claim the disability clause NightWatcher May 2012 #3

I never heard that before either grasswire May 2012 #25

Thankfully, not yet. n/t dotymed May 2012 #57

No, but the can garnish your Social Security benefits and Social Security disability benefits Freddie Stubbs May 2012 #74

The "disability" relief is a joke loyalsister May 2012 #91

I'm actually jumping through those "disability" hoops now. NightWatcher May 2012 #101

Sorry to be so negative loyalsister May 2012 #107

No worries. I definitely don't sweat the small stuff anymore NightWatcher May 2012 #109

I think what they mean is that, unlike most other debts liberalhistorian May 2012 #161

She should have been born to rich parents so she would have this problem corkhead May 2012 #6

Yeah Mitt says---just borrow the money from your parents. trumad May 2012 #8

Or if things get really tight...sell off some of your stock holdings. -nt Liberal Veteran May 2012 #11

It's true. I remember when I was a sperm and choosing my parents... Liberal Veteran May 2012 #9

Indeed......... Swede May 2012 #12

Yeah and they should pay the rest of us back who paid off our student loans!!! cbdo2007 May 2012 #10

. Liberal_in_LA May 2012 #13

I never took loans. I should get a refund with interest. Zanzoobar May 2012 #19

How far did you go in school and how did you pay for it? DefenseLawyer May 2012 #77

2.5 years of college. I worked. Zanzoobar May 2012 #121

That ain't much college. tabasco May 2012 #169

I didn't say it was Zanzoobar May 2012 #182

I rent and have paid off my student loans abelenkpe May 2012 #23

I sacrificed many things to pay off my student loans. Wroked 2 jobs for many years..... cbdo2007 May 2012 #29

I sacrificed too abelenkpe May 2012 #47

That's how eyewall May 2012 #59

reread her sign.. frylock May 2012 #54

Her sign leaves out some important facts. cbdo2007 May 2012 #70

So you EXPECTED to have an argument? why? DiverDave May 2012 #143

+ a gazillion chervilant May 2012 #157

Your argument, like all of those here aren't with the loan itself, yet that seems to be the only cbdo2007 May 2012 #160

Well, durn, chervilant May 2012 #163

This message was self-deleted by its author Honeycombe8 May 2012 #166

Divide and conquer in action! Blecht May 2012 #139

Everytime I see posts like yours I have to doublecheck my URL... white_wolf May 2012 #94

GOT MINE? And when I read posts like yours I realize why progressives get a bad rep! My brother... Logical May 2012 #112

More of that Ayn Rand worldview white_wolf May 2012 #113

If it was LOAN FRAUD then arrest them. 99% of the student loans are NOT FRAUD! Do you.... Logical May 2012 #114

You know if we took the money used to bail out the bankers we could could have bailed out homeowners white_wolf May 2012 #117

I agree the bankers should be in prison. It has nothing to do with a adult who chooses to borrow... Logical May 2012 #119

Not everybody has that choice. People get laid off and get into medical emergencies. Selatius May 2012 #140

That's pretty much how I look at it bhikkhu May 2012 #127

Very good points! I hope people read them! n-t Logical May 2012 #129

Those of you who are sinless, who've paid off student loans Tsiyu May 2012 #173

Some are legit complaints. Many are just wanting a bailout. Logical May 2012 #181

Wow... chervilant May 2012 #158

Odd that we often predicate what other people should do on what we ourselves did LanternWaste May 2012 #148

LOL...no shit. My brother worked two jobs to pay his off! n-t Logical May 2012 #111

Your brother worked two jobs. OnyxCollie May 2012 #136

I paid cash for my house magical thyme May 2012 #120

Why? fasttense May 2012 #147

That works out to paying about $120 per month. 4th law of robotics May 2012 #14

"Maybe pay a bit more than that?" Marr May 2012 #17

"Weren't you also one of the people . . . " 4th law of robotics May 2012 #18

You really think those figures seem reasonable. Marr May 2012 #20

I assume she knew what interest was going in 4th law of robotics May 2012 #26

of course you don't. that would require some compassion.. frylock May 2012 #64

There's a difference between compassion and coddling people who have made poor decisions 4th law of robotics May 2012 #82

And you know she made poor decisons, how? white_wolf May 2012 #95

23 years of paying off loans below the minimum monthly payments 4th law of robotics May 2012 #96

Do you know her circumstances? white_wolf May 2012 #100

Then the issue is with healthcare 4th law of robotics May 2012 #103

No offense, but you live in a dream world Tsiyu May 2012 #146

You believe it is impossible 4th law of robotics May 2012 #152

If he or she can find a real job right now - Tsiyu May 2012 #170

People continue to reference "right now" 4th law of robotics May 2012 #174

Funny That Tsiyu May 2012 #175

"just as we don't all look exactly like you" 4th law of robotics May 2012 #179

How do we know she is deserving of empathy? AtheistCrusader May 2012 #135

OMG me b zola May 2012 #126

100% agree, DiverDave May 2012 #144

Let's try a different route 4th law of robotics May 2012 #155

She Did Not erpowers May 2012 #76

Well they really ought to 4th law of robotics May 2012 #83

It doesn't really matter how you feel about it, in the end. girl gone mad May 2012 #105

Maybe she can't afford to do that abelenkpe May 2012 #33

And the GOP just stonewalled the bill Obama said they must pass to stop these rates. freshwest May 2012 #15

How is paying less than the interest each month paying "faithfully?" joeglow3 May 2012 #21

Bingo 4th law of robotics May 2012 #27

In this economy you ask how that is possible? abelenkpe May 2012 #36

"This economy" started in 1989? 4th law of robotics May 2012 #44

I'm confused abelenkpe May 2012 #50

You made the reference to "this economy" 4th law of robotics May 2012 #52

Oh, why not give it up now? Tsiyu May 2012 #176

I think the particularly silliness of your response is 4th law of robotics May 2012 #178

Telling indeed. Kingofalldems May 2012 #180

Roger. 4th law of robotics May 2012 #183

People get their repayment deferrred if they stay in school or if they have a hardship such as an JDPriestly May 2012 #69

What kind of stupid people depends on educating their citizens to the level we need jtuck004 May 2012 #22

Smells like BS to me badtoworse May 2012 #24

It sounds like she borrowed $26,400 at about 3.5% for 30 years. hughee99 May 2012 #30

Some of my grad school friends could only get loans at 7% interest Lydia Leftcoast May 2012 #35

In 1992 rates were 8 percent. nt abelenkpe May 2012 #37

The numbers work out taught_me_patience May 2012 #38

Thank you--I calculated at 7%, and it's quite reasonable to have that kind of a balance left Lydia Leftcoast May 2012 #43

How does the invalidate the criticisms of her? 4th law of robotics May 2012 #45

How do you know what her income is? Lydia Leftcoast May 2012 #48

How do you know what her income is? 4th law of robotics May 2012 #51

As I said in my previous post--- Lydia Leftcoast May 2012 #53

There's a difference between demanding *perfection of everyone 4th law of robotics May 2012 #84

LOL PERFECT??!! DiverDave May 2012 #145

Ego or humor 4th law of robotics May 2012 #153

You know who I find to be most often in debt, or dependent on social services? AtheistCrusader May 2012 #137

Your loans are deferred while you remain in school. JDPriestly May 2012 #73

Based on your description, she's been paying $118 a month for 23 years hughee99 May 2012 #63

I don't know what here interest rate is taught_me_patience May 2012 #66

I paid very, very high interest rates on my private loans in graduate school back in the 1990s and JDPriestly May 2012 #71

I'm not suggesting student loans are great, I just don't think the numbers add up hughee99 May 2012 #108

Of course there's more to the story......there always is..... cbdo2007 May 2012 #72

The avg student loan in 1990 (22 yrs ago) was $9,798. Honeycombe8 May 2012 #124

"Ridiculous degree" Hissyspit May 2012 #150

You can't blame a bank for someone getting a degree that won't make cbdo2007 May 2012 #159

Yup, figured that's the mindset your stuff Hissyspit May 2012 #165

Mostly interest. I want to see the banksters out of student loans before I have to go to Hardee's jwirr May 2012 #28

n/t BOG PERSON May 2012 #31

She seriously needs to understand carried interest taught_me_patience May 2012 #32

If only there were an institution that taught basic math skills 4th law of robotics May 2012 #34

It's real simple. taught_me_patience May 2012 #39

I know 4th law of robotics May 2012 #46

She may have gone to school in the era when student loan interest rates were really high Lydia Leftcoast May 2012 #40

Interest rates are currently 6.9% taught_me_patience May 2012 #42

;-) Myrina May 2012 #56

It's the banks and the schools Puzzledtraveller May 2012 #41

And it mostly goes to administrative bloat and fancy but unnecessary Lydia Leftcoast May 2012 #49

This plus 100! Here is my experience of that. white_wolf May 2012 #97

Im one of... a la izquierda May 2012 #149

So you know all about the ever-increasing tribe of well-paid adminstrators Lydia Leftcoast May 2012 #162

Hah! I wish! a la izquierda May 2012 #164

Yep, I borrowed something like $30k and ... Myrina May 2012 #55

This dialog reminds me of the health insurance/health care costs discussion.... MatthewStLouis May 2012 #58

Her sign says it - "No Bankruptcy or Forgiveness Allowed" haele May 2012 #60

Post removed Post removed May 2012 #61

I'm curious as to why she would have borrowed so much in the '80s. My son went sinkingfeeling May 2012 #62

I have to agree with you. Something else is going on here. JoePhilly May 2012 #85

Student Loan debt is in every way identical to indentured servitude Orrex May 2012 #65

Except that there's no longer any guarantee that the student actually gains a living . Egalitarian Thug May 2012 #87

Great point--I'm totally going to steal that! Orrex May 2012 #102

No social security until paid off??? I will Riley18 May 2012 #67

Not true. They will just garnish some of your social security Freddie Stubbs May 2012 #75

She did it wrong. aikoaiko May 2012 #78

After reading through this thread, I agree with frylock who had his post hidden by jury. gtar100 May 2012 #79

In a civilized society you must allow debts to be discharged in BK. pa28 May 2012 #86

Yeah, I personally agreed with Frylock 100%. nt white_wolf May 2012 #99

Me too, funny that it was hidden SomethingFishy May 2012 #168

Add my name to the list. girl gone mad May 2012 #106

Also cosigning frylock. Starry Messenger May 2012 #130

I agree with frylock. OnyxCollie May 2012 #138

bankers will never let that happen Aerows May 2012 #81

Sorry folks but the problem with her sign is the "borrowed" part. Dawgs May 2012 #90

I am glad I never got a student loan... AsahinaKimi May 2012 #92

You can't get medicare or SS until they are paid off? Marrah_G May 2012 #93

It's over 10k a year to live in the dorm at state schools here Marrah_G May 2012 #98

Just disgusting We_Must_Organize May 2012 #110

That's how the game is played Shankapotomus May 2012 #115

2012 costs for University of Illinois, a public state school is $30k for in-state tuition undergrads riderinthestorm May 2012 #116

Yes, it should. white_wolf May 2012 #118

So, your point is that I should pay off that woman's loan? Honeycombe8 May 2012 #122

Let her pay off the loan. Let the predatory lender be put on the hook for interest and penalties Orrex May 2012 #132

The system doesn't work that way. girl gone mad May 2012 #141

It's called a federal loan because the federal govt funds it. Meaning taxes. Honeycombe8 May 2012 #167

I'd Post my Experience but right now don't feel like it fascisthunter May 2012 #123

That's much more a problem with compound interest, than with the debt itself bhikkhu May 2012 #125

I'm sorry, but... roamer65 May 2012 #128

I paid off my loans, too, but I have sympathy for someone stuck with a high interest rate Lydia Leftcoast May 2012 #133

Part of what it means to live in a society.. girl gone mad May 2012 #142

Thank you for a magnificent post Orrex May 2012 #151

Thank you for the post. OnyxCollie May 2012 #154

Lol you fools who got loans for college... toddwv May 2012 #131

Maybe she should've been born wealthy instead. Bucky May 2012 #171

Well, it's obvious she didn't go to Fla_Democrat May 2012 #172

Totally meaningless - Too many unknowns Taitertots May 2012 #177