Student Loan Question
#11
I consolidated with Citibank at about 5% but mine are all federal student loans. The one that wasn't I paid back first. I don't see how you can make $600/mo payments as an FO making maybe $20k the first year. And that minumum payment is only to tread water- not much of it goes to paying down the principal. Maybe it can be done but you're sure going to be living in poverty for a long time. I hate the office with a passion, but it pays a lot better. I choose to delay my entry into the airline industry until I have my finances under control. Good luck!
#14
Gets Weekends Off
Joined APC: Apr 2007
Posts: 3,803
#16
You can't file bankruptcy on student loans, they "never" go away like other debit!!!!!! (but you can write off the amount you pay in intrest each year, on your taxes......mom's a CPA)
#19
Gets Weekends Off
Joined APC: Nov 2005
Posts: 1,425
Hence why I'd move to Canada!!!
You *could* however transfer to credit cards, then default/bankrupt on those...
Out of curiosity is there any situation that can erase student loan debt? I know bankruptcy won't and if you just fail to pay they will garnish your wages (!). I haven't come across any, I was thinking that after so many years of non-payment they would go away after the statute of limitations has come and gone, but I don't really know anything about that stuff.
#20
You could always witness a murder and then go into the witness protection program... But somehow I think those student loan debt collectors will still find you... they are RELENTLESS!!! I feel fortunate I dont have to deal with them...
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