Jump to content



Photo

Grad pays off $114G student loan with bag of cash

rbc bank canada loans cash scotiabank toronto reddit photo 114000

  • Please log in to reply
20 replies to this topic

#16 mokthraka

mokthraka

    Neowinian Senior

  • 3,682 posts
  • Joined: 10-January 09
  • Location: Oregon, USA

Posted 24 May 2012 - 04:11

WOW! Good for him.

Now here is a question for him. WTF did you do to owe over $100G????

The only way he could owe that much is if he didn't even bother with a student job during his schooling. I am also amazed that a bank would loan him that much. I had a 1-month struggle to get a $5000 student loan and I had perfect credit!

If people say "he started up his own business".... that sir/maam, is NOT a student loan. That is a business loan and the government gives $15,000-$50,000 grant for people starting a business.

it clearly states law school. he started a business, that is how he paid off his loan. anyways $100,000 isnt that much.

if I go to the Med school I want to go to, it costs $50,000 a year. $200,000 total


#17 Arkaic

Arkaic

    Three months & I still remember it...

  • 2,903 posts
  • Joined: 28-January 04
  • Location: 127.0.0.1
  • OS: Windows 7 Ultimate
  • Phone: Nokia 928 Black

Posted 24 May 2012 - 04:24

it clearly states law school. he started a business, that is how he paid off his loan. anyways $100,000 isnt that much.

if I go to the Med school I want to go to, it costs $50,000 a year. $200,000 total

near me it's rated as $50,000 per semester or 100,000 a year times four. euqalling 400,000+ undergrad forget the little pay you get after getting the M.D.

so 450G to 500G for a med education yea 200G is decent.

#18 Ently

Ently

    Neowinian Senior

  • 1,831 posts
  • Joined: 29-December 05
  • Location: Austria
  • OS: Windows, Android, Space, Time

Posted 24 May 2012 - 04:24

^ He apparently made money from his start-up business.


drugs >.> .... <.<.......>.>......<.<....

#19 mokthraka

mokthraka

    Neowinian Senior

  • 3,682 posts
  • Joined: 10-January 09
  • Location: Oregon, USA

Posted 24 May 2012 - 04:29

near me it's rated as $50,000 per semester or 100,000 a year times four. euqalling 400,000+ undergrad forget the little pay you get after getting the M.D.

so 450G to 500G for a med education yea 200G is decent.

AWH YEAH! Im so excited for residency! 30-40k a year!

what school? OHSU(third best for practice) is the one around here. but it has a 3% rate :(

oh well, still have awhile till I start applying for med schools.

#20 ILikeTobacco

ILikeTobacco

    Neowinian Senior

  • 4,789 posts
  • Joined: 08-July 10

Posted 24 June 2013 - 18:29

Epin win. Although it would have been an epic fail if he didn't get a job and had over 100G of loans.

If you don't have a job, you don't have to make any payments. Your loans keep gaining interest but your payments are deferred.



#21 Geoffrey B.

Geoffrey B.

    LittleNeutrino

  • 15,469 posts
  • Joined: 25-July 05
  • Location: Newark, Ohio
  • OS: Windows 8.1
  • Phone: Nokia Lumia 928

Posted 24 June 2013 - 18:32

I still have around $93,000 in student loans and I am paying mine with Wage Garnishment. :( the Monthly payments they started wanting for the student loans because "time are tough" so they started raising the interest rates and what they wanted monthly was more than I got paid. So I started only giving them a few hundred a month, they counted that as not paying my bill and filed with the courts for garnishment, Now they take 25% of my paycheck and split it among the student loan companies equally and i do not have to write a check each month. They all get even less than i was willing to pay each of them each month, My credit was already garbage so, for me it is kind of a win I suppose. I pay less per month, and they get to suffer. Then again at this point it will take me nearly 20 years to pay off my loans.





Click here to login or here to register to remove this ad, it's free!