Student Loans

CHECK IN TIME: How many years will it take you to pay off your student loan at the rate you are currently paying them off?

To those who have worked 2 jobs, i.e. a 9-5 profession and then something on the side like serving, at what point did you feel like you were stable enough to quit the second job?

Do you think it's possible to live a debt-free life in today's society?  

Raise your hand if you made resolution of some sort that you're going to be more responsible, put more away, all of the above (me) whatever whatever and it's January 9th and you're like al… more

I know you can get out of Student Loans for a short list of reasons - school closure, fraud, etc.

Do you think we should add AI to that list? What happens when AI replaces some / all of our jobs when… more

What types of debt do you consider "good" or "bad"?

What types of benefits from your workplace are most beneficial to you?

Hello,

I have an international student loan at the rate of 8-9% on simple interest. I want to refi it in US. I have a H1B visa.

What are my options or is it better to keep the loan in the foreign coun… more

Has anyone watched "How to Get Rich" on Netflix? I started watching it over the weekend. Some interesting pieces in there! It's funny how so many people see home ownership as the ultimat… more

The GOP's proposal would cut funding for the Federal Student Aid office, which oversees student-loan repayment and servicing, by $265 million below its current level and $884 million below Biden's budget requ… more

I started FPU this evening. It was really great!

This doesn't pertain to Student Loans, specifically, but I know many of you have been through FPU and some of you tithe...

Do you tithe on your net or gross pay?
I tithe on… more

It's 2024 and so many people are making predictions on whatever the topic of the day might be. So here, just for fun, make a random 2024 prediction. We can then come back and see how many if any come true.
<… more

Consolidated my 20k in federal loans into one loan at 4.5% interest. I’m young and have the funds to pay these off rather quickly (within the next 2 years). Is it worth going all in here or investing… more

Need Advice
Out of work due to major car accident. Requested deferments due to I’m out of work, but I’m still receiving notifications every month that another payment is due and I’m past due. What are… more

Is it just me, or did the New Year bring another round of rising prices and shrinking packages?

What have you seen? What's something you no longer buy since the price has gone up so much?

What was your biggest splurge this past year?

If you get a bonus, how much do you spend saving vs investing vs spending on yourself?

What does everyone predict for interest rates this year? I think they will slowly start to go down a few points here and there until they hit about 5.5% mid-year.

Is anyone in this bowl Canadian?

Is anyone working toward PSLF? I am at the end where I am at 115 of the 120 payment count, and the 5 I have left are technically there, but I was laid off from my grant based position recently and one… more

Advice for dealing with burn out at work?

This was an interesting discussion elsewhere, so posting here to continue:

With women making up 52% of college admissions, as well as DEI practices supporting the hire and promotion of women in the wor… more

Does anyone know if you can claim the interest you paid on your loans on your income tax returns?

I have student loans in what I believe is a personal account and a separate parent account with my dad. I’ve been paying $1,500 per month on each loan ($3,000 aggregate per month) since deferment thi… more

What's everyone doing with their slow time during the new year at work?

Anyone reading any good books right now that speak to financial literacy?

Alright everyone: what's a financial resolution that you would make if you knew you'd keep it? For me, it would be to put extra money into my balance or credit cards. I won't make that res… more

What financial people / podcasts do you follow?

Dave Ramsey
Tori Dunlap

Other suggestions?

Wrote out my 2024 financial goals yesterday. Tell me if this is too ambitious for someone making $72k a year .. between saving and paying off debt, I'm hoping for somewhere around $20k

I received a ~$15k bonus this year (after tax) and need to decide whether to:

-Save for a house (currently have $85k saved in an HYSA at over 5% rate for downpayment/closing/furnishing, aiming for $460k-$550k home as our area is expensiv… more

How much would you say is a reasonable amount to pay towards a loan in a year? For context, I make about $80k pre-tax and in a medium COL city.

Happy New Year!

Attending Dave Ramsey's Financial Peace University with a friend, beginning next week.
I know I'll be told to pay off my student loans, but my IDR plan payment is literally $0.

W… more

We have many bowls to watch this weekend...

What is your view on NIL deals in college athletics?

I think it's great that student athletes can not just graduate without loan debt, but can now get a… more

Balance time! It's the end of the year now! Where we at fam?

What was the worst college / career advice you ever received?

"Do what you love! Then it won't feel like work!" It's always been work to me, and getting burnt out makes me not "… more

Anyone else stop doing “girl math” and putting your cash into your bank account before spending it?!! lol 😂

Is anyone here embarrassed about how much they spend on their lifestyle and do not get their debt down by one bit? I get in this mode where I start feeling really bad about myself, it's like I can… more

I am very appreciative of everyone in this group. Thank you to everyone who shares their insights and experiences!

What are some things you hope to happen in 2024, but are fairly cynical won't happen?

1) Student Loan Forgiveness
2) Publication of Winds of Winter by GRRM ;)

Just hit $10k in my emergency fund this morning! I had this goal for 2023 and pushed extra hard in December to get there!