Student Loans and the SAVE plan

Borzak

Borzak

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I left high school and got a GED. I went to a directional state school the next semester. I was shocked you had to take test after test to find out if you needed remedial math, english, science, or whatever before you even started classes. This was everyone and a lot needed it. They were right out of high school and this 30 plus years ago. Of course the state had just started a program that if you finished in the top 10% of graduates you went to college for free or at a reduced cost to a state school.

Did that for a semester, and worked for myself for a few years. When I went to college in TX the dead of the college of the department interviewed me and said it was fine with a GED and allowed me to skip a few classes.

Point being even 30 years ago a high school degree wasn't enough to get you out of taking remedial stuff in college before even taking a regular college class. I wonder how many couldn't even pass that.
 
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Cad

Cad

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Borzak said:
I left high school and got a GED. I went to a directional state school the next semester. I was shocked you had to take test after test to find out if you needed remedial math, english, science, or whatever before you even started classes. This was everyone and a lot needed it. They were right out of high school and this 30 plus years ago. Of course the state had just started a program that if you finished in the top 10% of graduates you went to college for free or at a reduced cost to a state school.

Did that for a semester, and worked for myself for a few years. When I went to college in TX the dead of the college of the department interviewed me and said it was fine with a GED and allowed me to skip a few classes.

Point being even 30 years ago a high school degree wasn't enough to get you out of taking remedial stuff in college before even taking a regular college class. I wonder how many couldn't even pass that.
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Think this is more because high schools are not all the same and each student is not the same, like not at all. When I went to college I skipped most of the entry level classes in science and math due to AP tests. Other people would have to take remedial classes because they only took geometry in high school and no pre-calc/calculus. "Graduated high school" can mean 100% ready for college or it can mean struggled through basic classes and barely graduated.
 
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Captain Suave

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Cad said:
Think this is more because high schools are not all the same and each student is not the same, like not at all. When I went to college I skipped most of the entry level classes in science and math due to AP tests. Other people would have to take remedial classes because they only took geometry in high school and no pre-calc/calculus. "Graduated high school" can mean 100% ready for college or it can mean struggled through basic classes and barely graduated.
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Yeah. I don't mean this as a "look at me I'm smaaht!" thing, but I had I think 12 AP credits and could have graduated college a full semester early. The variance in "high school graduates" is huge.
 
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ToeMissile

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Captain Suave said:
Yeah. I don't mean this as a "look at me I'm smaaht!" thing, but I had I think 12 AP credits and could have graduated college a full semester early. The variance in "high school graduates" is huge.
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Most of the schools my wife has been an administrator at have large populations of kids with this many or more AP credits. The schools she taught at before switching to admin were at the other end of the spectrum. Lower end socioeconomic areas, there are still kids who are high performers but it’s far, far fewer. The schools also generally get less funding, parents aren’t as involved, and have a hard time attracting higher quality staff.
 
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nu_11

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So I checked SAVE repayment... the payment schedule is like $750 / month. Help bros 😭
 
Palum

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nu_11 said:
So I checked SAVE repayment... the payment schedule is like $750 / month. Help bros 😭
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You may just have to do extended or graduated extended repayment. If you owe 6 figures then you're just fucked.
 
Ossoi

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Fucker said:
Other fun stuff:

Still sleeps in the twinsie bed his mommy bought him.
Claims to have knowledge of how college works; has no degree.
Boiled his nuts off for years in a tiny hot room because he didn't know how windows worked, and despite claiming to make $200k+ a year as an "engineer", refused to spend a few hundred for a window AC.
Depending on the argument, he claims to be a telco expert or an AWS engineer or whatever daydream he has that day. Because as you know, people making $200k a year live in tiny run down houses with no AC.

That's the Gist of Mist. Ya'll keep these things in mind when he tries to sound smarter than you.

What Mist thinks he is:
View attachment 506796
What Mist actually is:
View attachment 506797
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Why are you now the unofficial FOH lorekeeper?
 
nu_11

nu_11

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Palum said:
You may just have to do extended or graduated extended repayment. If you owe 6 figures then you're just fucked.
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I only owe 10k

Right now the SAVE repayment is $750/month and the other option is $45/month

Its just that the SAVE is retarded plan for me
 
Palum

Palum

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nu_11 said:
I only owe 10k

Right now the SAVE repayment is $750/month and the other option is $45/month

Its just that the SAVE is retarded plan for me
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Right because it's not for people who actually pay net taxes, just the underclass with 6 figures in indentured servitude to work off.
 
Abigailicious

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Everyone getting their student loans "forgiven" by the Biden regime better save up to have those rulings invalidated.
 
Sanrith Descartes

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So an update: Early last year got an email saying the courts overturned the SAVE plan yadda yadda. I needed to apply for a different income Based Repayment Plan. Which I did. I was put in Administrative forbearance tending the processing. This week I got an email. Mind you this is over a year later. "We haven't got around to processing your application for a new IBR plan and now your current application is too old to process. You have to start over. Because of this we are continuing you in forbearance pending the processing of your application." I have been in Administrative forbearance for like a year and a half.

Fucking Government is just so broken. Doesn't matter who is in charge.
 
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TheBeagle

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Sanrith Descartes said:
So an update: Early last year got an email saying the courts overturned the SAVE plan yadda yadda. I needed to apply for a different income Based Repayment Plan. Which I did. I was put in Administrative forbearance tending the processing. This week I got an email. Mind you this is over a year later. "We haven't got around to processing your application for a new IBR plan and now your current application is too old to process. You have to start over. Because of this we are continuing you in forbearance pending the processing of your application." I have been in Administrative forbearance for like a year and a half.

Fucking Government is just so broken. Doesn't matter who is in charge.
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Yep, I'm wondering wth I'm supposed to do. It keeps showing up $0.00 due but apparently I've started racking up interest again so I'm still giving them some money here and there. What does forebearance mean exactly? It doesnt seem to be effecting my credit but I think it also means I'm not getting credit towards eventual forgiveness either. Once the shut down is over I'm going to call and speak to a human and figure out what I should be doing.
 
Sanrith Descartes

Sanrith Descartes

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TheBeagle said:
Yep, I'm wondering wth I'm supposed to do. It keeps showing up $0.00 due but apparently I've started racking up interest again so I'm still giving them some money here and there. What does forebearance mean exactly? It doesnt seem to be effecting my credit but I think it also means I'm not getting credit towards eventual forgiveness either. Once the shut down is over I'm going to call and speak to a human and figure out what I should be doing.
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Forbearance means you aren't "required" to make any payments. It doesn't negatively impact your credit score while you wait to be told to make a payment.
 
Falstaff

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Sanrith Descartes said:
So an update: Early last year got an email saying the courts overturned the SAVE plan yadda yadda. I needed to apply for a different income Based Repayment Plan. Which I did. I was put in Administrative forbearance tending the processing. This week I got an email. Mind you this is over a year later. "We haven't got around to processing your application for a new IBR plan and now your current application is too old to process. You have to start over. Because of this we are continuing you in forbearance pending the processing of your application." I have been in Administrative forbearance for like a year and a half.

Fucking Government is just so broken. Doesn't matter who is in charge.
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This has been happening to my wife for 2 years now. So I feel your pain. She has had to reapply at least twice now. And this coming month is going to be the 3rd year of this shit. Driving me nuts because we're actually trying to pay it and they are actively refusing. With the cuts to Dept of Education (and ongoing shutdown) I can't imagine anything is going to happen anytime soon.
 
TheBeagle

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If I can keep kicking the can down the road until I can get it forgiven or cancelled then I consider that an absolute win. Feds have stolen my money and lit it on fire my entire life, if I can get a little bit of that back in the way of student loan forgiveness, hell ya. My only problem with forebearance is not getting credit for the time.
 
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Sanrith Descartes

Sanrith Descartes

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Falstaff said:
This has been happening to my wife for 2 years now. So I feel your pain. She has had to reapply at least twice now. And this coming month is going to be the 3rd year of this shit. Driving me nuts because we're actually trying to pay it and they are actively refusing. With the cuts to Dept of Education (and ongoing shutdown) I can't imagine anything is going to happen anytime soon.
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Interest rates aren't high on my loans so I am happy to just keep making cash in the market and sit in forbearance. Fuck 'em. I do pay money each year from my company as its a "tuition reimbursement" benefit and write that amount off of the company' expenses.
 
Falstaff

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And like clockwork, email came this morning saying loans are going back into forbearance until Feb 2027 due to ongoing court cases whatever that means.
 
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Sanrith Descartes

Sanrith Descartes

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Don't hate the player, hate the game...

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