I got $70k regardless. With 2 kids and a teacher wife I don’t see how they think I can pay them off.
You got $70k on student loans?
Sure as heck do. I’m fucked.
Which major did you pick and which uni did you go to? I wonder how your loan got so large.
My uni was super expensive when I went there, and I think tuition has since doubled.
I just checked, and tuition for my alma mater in the US is now $83,000/yr for a resident student. For comparison, my tuition for my grad school here in Japan was $15,000/yr and that was one of the more expensive private univerisities here.
That’s incredibly terrifying. Dumb questions, but what happens in the US if you don’t pay them? Or emigrate away? That’s the price of a large home in some places out there.
Student loans in the states are some of the more predatory loans. I’ve heard that if you don’t pay them. If you don’t make a payment in 90 days it goes into delinquent status. After 270, it’s in default status. This means it goes to a collection agency. So your credit score goes to shit, you get harassed by mail and phone calls for 10 years, and eventually the gov can get involved and garnish your wages it take your tax refund(which is funny because I always owe every year anyway because tax returns are essentially made up bullshit now)
In some cases. You can be paying your max affordable amount but the interest is so hgh that the amount you end up needing to repay is still increasing.
Best case scenario for me is hopefully with 2 kids and (think) still on a payment plan based on income, I won’t owe that much each month. I got out on a special plan that as long as I pay something, my loans will be forgiven after 30 years.
I always opt for wait for a miracle, hasn’t let me down yet.
Will you start paying Sept 1st though?
No, don’t earn enough, blood from a stone and all that
