How do I pay off $190000 in studen loans?
So, when I took out $175,000 in student loans to get through lawschool, pay back didn't seem like it would be a problem. However, I have graduated to a bad market and with substantial health issues. Now the choice is feed the kids or try to keep the loans out of default. Forebearance thus far has pushed the loans near $190,000. Anyone got a plan that does not involve moving to South Africa? Oh, and FYI- you can't bankrupt student loans absent exceptional circumstance. Thanks in advance.
Credit - 15 Answers
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1 :
that is a though one. can u get your company to pay it? if you graduated and work in that field they might do
2 :
Wow,...and I am sweating like crazy over 28 grand! Could you move to secure better employment? There is no easy way out of this one,...unless, like you said you leave the country.
3 :
You could try transferring your loan to a different institution to get a lower interest rate (assuming that option is open to you). Other than that, you may have to pull a part-time job or something on top of your regular employment (as it sounds like you have) and use your $$ from that job strictly for paying off your loans. Or both transferring and 2nd-jobbing. Whatever you do is gonna suck - kids and a monster set o' loans: neither is a good thing to ignore.
4 :
I don't know of an easy answer for that one. Obviously, if relinquishing the debt is not an option, then the only real option is to work in a field or own a profitable enough business or investments that do significantly more than just cover your living expenses-which of course, would have to be kept to a minimum to pay off that kind of debt in your own lifetime. My best suggestion is to work in a field or start a profitable business that provides residual income-such as the financial services industry or multi-level marketing perhaps. Another option could be an aggressive investment strategy as long as you have the risk tolerance. I do wish you the best. There are opportunities out there, but I wouldn't look for an easy or quick solution, short of just plain luck with investments or the lottery.
5 :
You took out $175,000 in student loans to get through law school, and You didn't study how to escape without paying the loan.Here is point, You should able to file this case at court,and you tell the court I took the loan to study,which I didn't, then why should I payback the loan. What kind of law will you practice?
6 :
Change your name and a new social then start all over again.
7 :
Get a job in the government for they have the best health insurance in dealing with substantial health issues.
8 :
If you are struggling to repay your student loans then you most certainly are not alone. Many times students and graduates that hold student loans look to refinance in order to lower their monthly payments. Refinancing student loans can be a good idea under certain circumstances, but not always. As of late, interest rates have been low but they are in fact rising and most economists agree that they will continue to rise. Most student loans are based on a variable interest rate and will not be locked-in until you refinance or get a loan consolidation. The option to refinance is only available to those individuals who have established good credit by paying their loans back on time. If you have missed payments or have been late then you can pretty much forget about it. As a rule, refinancing rates are usually offered at 1 or 2 points below what your current rate is. This is to make the loan more attractive, but you must take caution. It is tempting to pay less per month but oftentimes what was a 5 year loan turns into a 15 year loan. You can, and I highly recommend that you do, avoid this by paying off as much of the principal as possible. This will shorten the life of the loan and the amount of interest that you pay. This is of course ideal in the best of circumstances but in those times when money is tight you can cut back on your payments, even to the minimum. Student loans are like every other type of bank loan that you receive in the sense that you borrowed the principal upfront and now the true cost of the loan can only be calculated after all of the principal and interest has been paid back in full. That is probably where a great many students find themselves having difficulties. Far too many treat their student loans as if they were free money. No doubt a great many do the same with credit cards as well but that is a subject for a different day. Student loans are godsend in assisting millions to get their education. They are an integral part of our society and play a huge role in bettering ourselves and the world we live in through education. If you hold a student loan then you owe it to yourself to know exactly where you stand with it and make the proper adjustments if need be.
9 :
I have NO sympathy for you. You borrowed it, it was your decision, now you pay it off. Try working for a living. And I don't believe you have any "substantial health issues". You're just looking for someone or thing to blame. Blame yourself, and get up off your butt, and work, like most people do! Then you will be able to pay. And you WILL pay. You'll see......
10 :
Two words - practice law. Practicing law earns income which can be used to repay $175,000+ in loans. If you have health issues - disability law is a hot field. Represent people in social security disability cases. All of this assumes that you have passed the bar in your state or some other state.
11 :
I have THE SOLUTION to your needs Option 1 = Join a Network Marketing Company and become an executive level performer and earn over $500,000/yr Option 2 = Pay a comfortable set amount every month regardless what it is, keep your receits, this will show good payment history. Option 3 = Sue the school for $200,000 and settle out of court.
12 :
In the state of Georgia, your student loan is equivalent to almost TWO 1400 square feet ranch homes in a good county. Feed the kids comes first, but I don't even know where to begin because you bit off way more than you can chew. My rule is to never take out more in loans than what you can make your first year graduating from school. That means you were done somewhere around $80,000 to $100,000.
13 :
this might help best wishes and good luck http://www.nohasslebargains.com/loan/id4.html Student Loans Financial Services
14 :
Try this...You might be able you make a couple thousands of dollars. That may help you pay for it. At least it did with mine... http://boffopaidmail.com/pages/index.php?refid=jesseka
15 :
wow, it is like a mortgage payment for 30 years.INCREDIBLE.If you are still married, your spouse should help you out, you guys need to live on one income, try to pay it off with ohther income. Try to live on the shoestring with one income, use the other income to pay it off. Just one of the solution and fast solution. all ohther options is off
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Monday, October 28, 2013
Monday, October 14, 2013
Architects, should I go to Holland ?
Architects, should I go to Holland ?
I am a second year architecture student form South Africa. I have the opportunity to work somewhere in Holland for the second simester of next year as a manditory 6 month practical. The only problem is, I don't know how much they're going to pay and if I will be able to eat and maybe, just maybe have a good time now and again. The university may pay for our lodging, but that's not a given yet. My parients can't afford to pay anything other than getting me there and I have no savings to speak of. Here it'd be easy to find work. We've been given a list of 30 firms eagre to hire us, and there are only 20 students that need to be placed. I still live at home so whatever they're paying would be pocket money. So, what I want to know from somebody actually in the know, will I be able to survive financially? A chance like this doesn't come around too often. I really want this to happen.
Careers & Employment - 2 Answers
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1 :
Tell them your situation.
2 :
most people stay and work an internship with an established architect...hopefully someone that is recognised internationally for their work. They usaually put up in a small studio or room w/stipend
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Monday, October 7, 2013
if a politician said that student leaders were tools of capitalism & terrorists . would this be defamation?
if a politician said that student leaders were tools of capitalism & terrorists . would this be defamation?
at a political party meeting at the University of New England in Natal, a leading politician attcks university students with the following words: "The student leaders at historically white universities are being used as the tools of capitalism. Not only are they tools, they are in fact terrorists, because they are working towards underminig the new democratic order in South Africa. They are forcing a confrontation with the state and if they do not mend their ways the state wiil be forced to take drastic action against them." please be advised that this is a hypothetical question and set of facts. the question is would these words amount to defamation by the politician against the students?
Law & Ethics - 1 Answers
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1 :
It would only be defamatory if it were false.
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at a political party meeting at the University of New England in Natal, a leading politician attcks university students with the following words: "The student leaders at historically white universities are being used as the tools of capitalism. Not only are they tools, they are in fact terrorists, because they are working towards underminig the new democratic order in South Africa. They are forcing a confrontation with the state and if they do not mend their ways the state wiil be forced to take drastic action against them." please be advised that this is a hypothetical question and set of facts. the question is would these words amount to defamation by the politician against the students?
Law & Ethics - 1 Answers
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1 :
It would only be defamatory if it were false.
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Tuesday, October 1, 2013
What questions are asked in an interview with U.S.A's embassy regarding my student visa??
What questions are asked in an interview with U.S.A's embassy regarding my student visa??
I'll be coming to U.S.A from South Africa. but first i have an interview to pass in order to get my visa. What questions are asked by the U.S.A embassy in a student visa interview? I got F-120, i have paid SEVIS fees, what other documents do i need, to satisfy them?, etc Pls help......
Embassies & Consulates - 5 Answers
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1 :
like ae you anarchists are you a communists
2 :
u need a bank statement showing u can pay ur tuition, affidavit if support, health/medical records, high school transcripts...good luck n be confident!
3 :
Whats your favorite color and are you carrying a vegetable, Thats it your'e IN!
4 :
There is no specific list of questions. The consul will want to be sure that you are a serious student, and that you don't intend to stay in the US. How the interview will go will depend on the individual consul, and on your answers. I think the spikey-haired curious guy is pretty darn sharp.
5 :
I think the Blonde Mom is brilliant.
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I'll be coming to U.S.A from South Africa. but first i have an interview to pass in order to get my visa. What questions are asked by the U.S.A embassy in a student visa interview? I got F-120, i have paid SEVIS fees, what other documents do i need, to satisfy them?, etc Pls help......
Embassies & Consulates - 5 Answers
Random Answers, Critics, Comments, Opinions :
1 :
like ae you anarchists are you a communists
2 :
u need a bank statement showing u can pay ur tuition, affidavit if support, health/medical records, high school transcripts...good luck n be confident!
3 :
Whats your favorite color and are you carrying a vegetable, Thats it your'e IN!
4 :
There is no specific list of questions. The consul will want to be sure that you are a serious student, and that you don't intend to stay in the US. How the interview will go will depend on the individual consul, and on your answers. I think the spikey-haired curious guy is pretty darn sharp.
5 :
I think the Blonde Mom is brilliant.
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