I'm in a tough spot and haven't been able to pay my monthly student loan dues. How do you manage interest that continues to accrue when/ if you've had non-paying months? Even the smallest tips would mean a lot! Please share your experience. I don't have many people I can turn to for mentorship or guidance.

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If possible, try to make payments that cover at least the accruing interest, even during non-paying periods. This prevents the interest from capitalizing and increasing your principal balance.

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This ^. Coming from someone who experienced the steep penalty of interest capitalization, i wish i was warned about the severity of its impact and how much it ultimately/truly costs. Make payments to avoid interest capitalization like your hair is on fire.

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I’ve been there, and it’s tough. First, see if you can switch to an income-driven repayment plan—it can lower payments or pause them without interest piling up as fast. Also, call your loan servicer to explore forbearance or deferment options. They were very accommodating of me the last time I had to call and ask for help.

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Not sure if this is the right bowl but hoping to get some insight. I have a lot of student debt, and am considering refinancing with First Republic bank to get a (marginally) lower interest rate. However, their version of refinancing student loans has changed in the last couple years so now they offer you a personal line of credit. Is it a bad idea to refinance with a line of credit vs a regular student loan refinancing?

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1/3 Question on tax treatment of nonpriority unsecured claims converted into long-term note decreased total liabilities under Chapter 11. An accrual based C-Corp taxpayer completed a Chapter 11 reorganization and converted a total of $1M A/P to suppliers into a $410K LT note (a $590K liability reduction). Should we view this $590K as the Sec. 108(a)(1)(A) excludable income? After reading through IRS Pub 4681, I think it makes sense to view the $590 as "Reduced Price After Purchase", but not

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I bought my starter home recently. Want to dump everything else i saved into vti (will be about 70k). Would buy a forever home in say 5-6 years. 5 year time horizon is pretty safe right?

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anyone gonna buy any calls before market close?

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Has your firm restored your pay? Is it worth considering jumping to another firm that is going to pay you what you’re worth? Don’t know about the rest of you, by my student loan interest rates aren’t getting any lower.

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I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

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What will be the inhand for this with proper taxation?

P.s: want to compare with another but fishbowl don't allow to add 2 images
I just shared that too a while ago.

Please help i think the gratuity is extra

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Hi All,
One of my friends has recently joined capgemini and has following doubts related to tax proof.
Can we edit the tax declarations in HGS portal every month any day?
Does Capgemini asks for rent agreement along with rent receipts as a part of tax proof submission?
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Hi - any good books recommendations for getting started on real estate investing?

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Four words - Invest. In. Amazon. Stock.

110% Return on investment ( 1 year) and still projected to keep growing...

Laughable that banks and traditional 401k give you less than 5

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How do they verify your health status when getting life insurance online?

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Has anyone used individual citi wealth management account?

Any feedback on the same?

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What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later. Also, any regrets?

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Hey fishes, i need advice as to how to invest 200k? Should i go for individual stocks or funds or should i go to financial advisor? If individual stocks then looking for sectors. Can i invest as a VC? Any thoughts or direction please

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Married fish, how do you ho about decision making for buying property and how do you decide who to register it on?

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If I'm adding multiple people to purchase a property but not on the mortgage, when do they get added - do they need to already be on the purchase agreement? I heard it's easier to do upfront vs. adding them later. I've asked this question in a thread but didn't get a clear response. If someone could please help clarify - how do I add other people on the onset on buying a property? This is a new build, buying directly from the builder.

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As we are not frequenting to office and clientsites, anyone plan to return their leased car to save money?

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What do you like about working in tech ?

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Additional Posts in Student Loans

Does having student loans impact your ability to get a mortgage?

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If you could go back in time what would you tell yourself before taking out student loans?

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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