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The Water Cooler
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Just found this on yahoo. Student loan forgiveness
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<blockquote data-quote="cowzrul" data-source="post: 1645171" data-attributes="member: 5353"><p>Thank you very much! NOT... I was the first person to ever go to college in my family. I had already served 6 years in the Marine Corps and came in before the GI Bill (it was called VEAP and it sucked). So yes I went to college and truthfully couldn't afford it with a wife, two kids and a pile of bills from 3 PCS moves in 6 years as a junior enlisted serviceman. With your thinking my family tree would still be stuck at the high school level.</p><p></p><p>And to jump on the bandwagon I have been repaying my student loan since 1994 and have yet to pay it off. Sitting at 9% interest rate and my ineligibility to refinance at a lower rate because it has already been consolidated down from 12% back in the day under Sallie Mae. So I think at last calculation I have paid my original loan back twice already. Who is to blame for it taking so long to pay off? Me! As a newly commissioned officer I made more money then anyone in my wife's or my family. When death and illness hit I was the person they called. When relatives fell on hard times due to injury or death I tried to help. Dave Ramsey would say I have my wife and kids to worry about so my other family fend for themselves. I wasn't raised that way so, for example, I bought my MIL a car when FIL died of cancer and left her with nothing. Among other things in life like deployments it was hard to ever get ahead of that student loan. My point of rambling? People need to shut the hell up and payback what they signed on the dotted line for. Your debt so you pay it back (period exclamation point). Sorry Vit you have my empathy.</p></blockquote><p></p>
[QUOTE="cowzrul, post: 1645171, member: 5353"] Thank you very much! NOT... I was the first person to ever go to college in my family. I had already served 6 years in the Marine Corps and came in before the GI Bill (it was called VEAP and it sucked). So yes I went to college and truthfully couldn't afford it with a wife, two kids and a pile of bills from 3 PCS moves in 6 years as a junior enlisted serviceman. With your thinking my family tree would still be stuck at the high school level. And to jump on the bandwagon I have been repaying my student loan since 1994 and have yet to pay it off. Sitting at 9% interest rate and my ineligibility to refinance at a lower rate because it has already been consolidated down from 12% back in the day under Sallie Mae. So I think at last calculation I have paid my original loan back twice already. Who is to blame for it taking so long to pay off? Me! As a newly commissioned officer I made more money then anyone in my wife's or my family. When death and illness hit I was the person they called. When relatives fell on hard times due to injury or death I tried to help. Dave Ramsey would say I have my wife and kids to worry about so my other family fend for themselves. I wasn't raised that way so, for example, I bought my MIL a car when FIL died of cancer and left her with nothing. Among other things in life like deployments it was hard to ever get ahead of that student loan. My point of rambling? People need to shut the hell up and payback what they signed on the dotted line for. Your debt so you pay it back (period exclamation point). Sorry Vit you have my empathy. [/QUOTE]
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Just found this on yahoo. Student loan forgiveness
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