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

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#16 mokthraka

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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

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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

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Posted 24 May 2012 - 04:24

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


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

#19 mokthraka

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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

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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.

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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.