Refinance

My Scholar Personal loan Update (ten decades on…)





How a lot have higher education tuition/costs elevated because the 1980s?

– According to Bloomberg, higher education prices had previously risen 500% by 2013:

– Forbes claims higher education prices elevated just about 8 instances more rapidly than wages:

– PBS claimed higher education tuition and costs went up a lot more than 400% by 2005:
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**Correction: PAYE (Pay As You Receive) is a distinctive compensation system than PSLF (Community Provider Personal loan Forgiveness). Mixed them up when mentioning how people are complaining about remaining denied in spite of ten decades of building normal payments.

Forbes reviewed how couple of had been approved:

It can be not anything I know a lot about because the compensation strategy I’m on is IBR (earnings-primarily based compensation).
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**Update: Holy crap! The neighborhood prestigious university I mentioned and stated I could not manage to show up at is now up to just about $43,000 for fall 2019-spring 2020 university year (not like home & board)! Wow!! That is nuts!
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To hell with politicians and promises they won’t preserve. Not in search of a bailout because we know that is only for corporate significant canines and banking companies. Will uncover MY Very own WAY out of this corrupt maze, so don’t occur at me bitching about the wrongness of financial loan forgiveness, yada yada. Not intrigued anyway.

But you Still are unable to squeeze blood from a turnip. Fact is coming for us all regardless.

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12 comments

  1. That little "Lung" habit you sport, did you ever do the math on what you spent on that garage?
    Shall we review?:
    Lets say 7.00 a pack (That's low) times two and by the sound of your raspy voice you are two packs all day every day.
    7×2=14
    x 365= 5110
    x the ten years you claim to be on income based repayment system = $51,100.
    ITS ALL ABOUT CHOICES………. The first time I graduated with a 4 year degree, it took me 4 years to clear that debt working two jobs, the second time in 2016 with my second 4 year degree, that 48k was paid in full in the Spring on 2018 by working two jobs. FIFTY ONE THOUSAND DOLLARS in your habit, you have zero to bitch about regarding SLD.

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  2. The hard reality is government guaranteed student loans are a scam meant to grow the power of the federal government. Basically, they target 17-23 year olds (kids that don't even have fully developed brains yet) that have been fully indoctrinated with the "you must go to university or you'll be a socio-economic loser" rhetoric for their entire lives and are continually pressured to attend by the government, their parents and society at large. What you're eventually going to have is a third or more of the entire U.S. population directly and substantially indebted to the U.S. government.

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  3. Hey byenia you are looking beautiful

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  4. I have a high school diploma. But never had student loans. Cause I never had a damn job my whole life. This whole country is in debt. Nothin is free at all. Tho a few dumbass people claim it is.

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  5. We used to have no university fees here in England not that long ago, now there are fees and folks getting in debt. Of course its worth it for some if they get a degree and a well paying career out of it, for others maybe not so

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  6. Hi Byenia,
    I find it interesting that none of the High School Counselor or Teachers, at least when I was in High School, mentioned to the students about student loans and the student loan process. All they said was get good grades so you could get in to college. Now at 36, I realize that they are the major culprit in sending the youth out into the world blindly. You have a lot of idiots on here who are quick to put ALL the blame on the students and/or parents, but the public education system from 6- 12 grades are not accountable for contributing to the student loan crisis. We directly or indirectly pay property taxes, which a portion goes to the local Education system. Therefore the public education system needs to be scrutinized for not educating the large mass of students in the student loan process.

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  7. Americas so indebted the global currency resets near Fed's know the only way out is hyperinflation an resetting the system

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  8. Enjoyed that (sorta) and good to see you again. Don't know what to add really. Just a massive debt mill that we have been trying to emulate in the UK for the last thirty years. Great for administrative bloat but not much else. Still have an albatross hanging around my neck from studies I abandoned in '93 with no statute of limitations. Still, congrats on being the first person ever to employ the phrase 'going forward' without making me want to vomit. Stay well, B.

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  9. Byenia, I feel sorry for you and the other American University graduates because you guys are in so much deep in student loan debt that it makes it almost impossible for you guys to pay it off. I am lucky that I don't have any student loan debts because I went to university just before the UK university fees prices trebled in September 2012 from £3000 per year to £9000 per year for full-time courses and from £1500 per year to £6000 per year for part times courses respectively as I went to the University of West London for 4 and a half years between September 2010 to February 2015 part time in the evenings for my 2 business degrees(Foundation Degree Business Management and a BA (Hons) Business Studies Degree) while I worked full time during the day and I was able to pay for my student fees upfront which cost me only £5140 in total and I graduated from university in July 2015 at the age of 33. I personally think that university education prices is a rip off. When I was growing up in London, UK I was told by my mum, my aunty, school teachers and society that if you don't do well in school and if you don't get a degree at university then your life will be shit and that you will be a failure in life. Byenia this is a great video.

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  10. almost only in America.

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  11. Every developed country has figured out how to provide higher education to their population without burdening students with thousands of dollars of debt. Yet, Americans are so stupid to believe that this is freedumb-capitalism. Profits for the few. Debts and austerity for everybody else. Fuck this capitalist system.

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  12. Never own property in your own name, nope! Set up a company and register the company as the owner!

    Reply

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