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The Best Way To Pay Off Your Student Loans (In 3 Sad 'New Normal' Words)
Not exactly the American Dream but, as the following brief clip explains, due to the depth of debt and lack of opportunities, the best way to pay down student debt is to "live at home"... not exactly the first-time homeowner pillar of the housing recovery hopium The Fed was hoping to hear (but then again, as we noted previously, they should have known better than to push every unemployed youth into a life of debt servitude)...
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a young Janet Yellen
They should make a video on why tuition costs so much and how this is caused by the government. Better yet, they should make a video on how easy credit leads to all kinds of nonsense.
Some government fault but really caused by the legacy costs associated with professors and union associated help
I was not even born, but it' s like the "NODO" tv shows I watched recorded from the Franco Spain time…
Bullish...
Actually, students should watch this video before they go to college.
The best way to pay off student loans is to amass a large amount of credit lines w credit cards. Then pay off said loans with those cards. Then declare bankruptcy. The stain will linger for a few years but the banks will be back soon enough with fresh offers. Especially as your savings grow unencumbered.
Or just do it the way the system wants you to do it and celebrate when you're 40 (or 50).
You don't need to worry about your credit rating if you don't need to borow money from the Shylocks. Live beneath your means, pay cash, save at least 30% of your income, save for ten years and buy a house cash.
My wife and I were broke and owed $4000 in medical bills. In 8 years we payed off our bills and saved almost $300,000 with blue collar jobs. We lived an OK life with a decent car, apartment and travel every year. We then purchased a house cash and retired. Anybody can do it.
Shhhh. They will make it illegal if too many try it.
Best way:
Step 1
Get co-signer / primary signer on disability
Step 2
Get govt to discharge the debt
If you do that, not only is your debt gone, you are actually earning free money from disability, the govt and banks WANT you to do this as it expunges debt and leaves dollars in circulation combating deflation.
Remember Debt is Money,If everyone paid their debt off there would be no money in circulation.
Democrats? REPUBLICANS!?!?! they will both fuck us up the ass......esp the GOP
Live with parents until you're dead. Change that will happen regardless of whether or not you believe it.
Someone should tell these kids there's no shame in this.
Fuck the consumer industrial complex and every household needing more duplicates of shit that already exists in a house you can happily exist in.
When you think of how many parasites are on your back bleeding you dry beyond rent seeking government. Businesses, industries and professions that shouldn't even exist, yet they somehow thrive because they've weaseled their way into actions and transactions every step of the way.
Fuck 'em. Stay in the basement. Ride a bike. Dig a garden and cut as many parasites out of your life as possible.
I should add - don't be a mooch on your parents either. Do some work around the place and pay some rent.
There’s something about using falling dominoes to help explain the student loan system that makes me that much more uneasy about it all.
Off your ass,
On your feet,
Out of the shade,
In to the heat.
Fight club or strip club. Pick one.
Girls can now go MMA. Or strip. So they have choices.
Guys...maybe one day when gender roles are completely flipped (as they are trending now), you can strip to pay your debts.
Until then....only fight club for you.
So is this an opportunity for old geezers like me who are dependent on SSI?
I could probably find room in my 2BR apartment to accomodate a college chick while she attends the local community college:)
Small town far from population centers. Great scenery and recreation here next to Glacier Park.
I'm only 15 mins from the ski hill lift. I'm on the free ski bus route too if she doesn't drive :)
And maybe best of all, being an older fellow, I wouldn't be too "demanding".
YeeeeeeeeeeeeeeeeeHawwwwwwwwwwwwwwwwww!!
hairball
Scratch-off lottery tickets, bitchez!
$45,000 for a starting salary for a new student. Yea right
Jobs? What's a "job"?
The long-term implications of poor job creation are massive. The biggest may be that a huge number of people are dropping from the work force. Often these people have little in the way of savings, this means that the burden of caring for them will be transferred to society. If to many people shift into this category we will slowly wear down through attrition.
Finding a fair way to share and balance the work load that goes on every day may be one of the most important problems facing our modern world. Not discovering a solution to this dilemma bodes poorly for our consumer driven economy and adds to the toxic problem of inequality. More on the implications of unemployment in the article below.
http://brucewilds.blogspot.com/2013/09/implications-of-poor-job-creation...
Signs all over about foster parenting in my area. It pays pretty well. If somebody is going to live in my basement, it is going to be someone who I'm being paid to take care of. My able bodied children will be providing their own support thank you very much.
Agender 21 in practice
They told them the expiration date on their rubbing alcohol was 2 years but totally forgot to mention that their information had already expired before they paid the first coupon date.
family member is getting divorced. he has huge student debt, almost 300k !!! its a marital debt state and supposedly the student loans are to be divided. he tells me the judge said that the student loans "are not real." he's been turned down for home loans, business loans, etc because of the student loan debt. he tells me " how is that not real?" even worse he says the govt will come after him for the rest of his life, he says the govt has the ability to garnish his wages, social security, etc. i told him that if the debt isn't real than how is the court or any judgement than real.
neo-feudalism anyone? anyone? beuhler?
A student loan is designed to help students pay for university tuition, books, and living expenses. It seems that many students are borrowing against their future at an almost unimaginable pace, unfortunately the money is often used for things other then education.
Too many young people and others taking student loans "living expenses" go on to include cars, trips, vacations and more. All this has a very dark side that will effect the lives of these borrowers going forward and has the potential to grow to crisis dimensions in the future.
In many ways society is encouraging young people to take on this debt and to hock their futures. This is akin to the, "I will gladly pay you Tuesday for a hamburger today" way of thinking. More on this subject in the article below.
http://brucewilds.blogspot.com/2012/04/students-borrowing-against-future...