My student loans ballooned by $46,000, but I'm not sorry - Business Insider

I graduated from Miami University in 2000 with $17,000 in student loan debt. Today, that loan has grown to $53,106.35. Yes, it's still the same loan, almost 20 years later.I have a total of over $96,000 in student loan debt, and I don't regret it.When I graduated, it was before the 2008 recession and before moving back in with your parents was standard for recent grads.I had no idea how to budget.

I made sporadic payments and tried to keep up. Once I moved to Washington, DC and started working a commission-only job , I got behind. Really behind. As in student loan default.What I didn't realize is that student loan servicers offer a lot of repayment options. They only do that if you take the time to talk to them, though. At some point around 2006, I was smart enough to pick up the phone and talk to the person on the other end.

And that's how that loan ended up with a $53,000 balance on my undergraduate loan. That, and the 8.125% interest rate.. I've been able to do that, despite the high balances, due to income-based repayment.Income-based repayment arrived late, but I've taken advantage In 2009, income-based repayment plans were introduced, and that has been a game-changer. You can choose fromnow, and your payment is based on a percentage of your discretionary income. You pay for 20 to 25 years, depending on when your loans started . After that, the rest of your balance is forgiven.

please stop Perpetuating this Idiocracy and student debt crisis please do better

Well, you're an idiot, sorry. Community College system in Ohio is great as I attended Sinclair CC in Dayton and transferred to Santa Barbara City College then got accepted to UC Berkeley while utilizing my GI Bill. Anybody can do 2-years at community college and transfer in-state

CAN'T FIX STUPID.

“I invested in my education, which is priceless both in terms of what I learned and the friends I made. “....sums up the student loan debt crisis very well

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Register now for Business Insider's event on the future of retail - Business InsiderBusiness Insider is hosting its first Ignition event on the future of retail on January 14, 2020, in New York City. Where is the location ?
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Verizon highlights 5G drone opportunity - Business Insider - Business InsiderVerizon thinks drones present a growth opportunity for its budding 5G network and aims to be the first carrier to connect 1 million 5G drones flights. THIS WILL MAKE THE WORLD SO MUCH BETTER WHAT COULD GO WRONG? TMobile already has it implemented. verizon screwed too many consumers. Lost to the leader TMobile. Now trying all kinds of stupid 'pie in the sky' ideas. Can't screw the consumer f'ever! LOSER! How about providing consistent coverage to your current customers
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Amazon waffle maker allegedly arrives with old waffle still inside - Business InsiderA family says they received a nasty surprise when the waffle maker they ordered on Amazon arrived still crusted in old waffle remains Well at least they know that it works Sell it on eBay. Stop ordering stuff. Go to the store & look at items feel the weight the material see the workmanship B4 u put your money on it. Oh sry forgive me I'm old school & believe in seeing my hard earned money & getting the best of wht that money is paying for. Sry ignore me.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Tucker Carlson ripped Republicans for Iran conflict, not Trump - Business InsiderFox News host Tucker Carlson questioned why some elected officials are promoting military acts against Iran instead of focusing on internal problems. Maybe he has sons and daughters or nieces and nephews.... he know that they may be drafted but not trumps sons or daughters
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Physical branches might not be a lost cause for banks - Business InsiderPhysical bank branches are on the decline, but banks don't have to sacrifice branches if they adapt them to the digital age.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »