August 26, 20223 yr 18 minutes ago, Dave Moss said: Agreed. I’m not sure if the 93% number is right or not, but I’ve read all kinds of stories on Twitter about people who owe hundreds of thousands of dollars. It’s crazy. You've spent too much time hanging around the likes of Munson.
August 26, 20223 yr Alright, let me try and give Dave the benefit of the doubt. SLM would benefit if they really start collecting interest again in January, both on the loans they service and the small amount of loans they make. But literally every analyst who follows the stock thinks this is rather meaningless for them in the grand scheme of things. None of this changes that the government controls 93% of the market based on its own data.
August 26, 20223 yr sallie mae's servicing company is now called navient, btw. the entity still known as sallie mae now offers private student loans.
August 26, 20223 yr 4 minutes ago, mr_hunt said: sallie mae's servicing company is now called navient, btw. the entity still known as sallie mae now offers private student loans. Yeah, just saw they spun that off. SLM has a small private loan book. Which isn't being impacted at all since truly private student debt isn't impacted by this.
August 26, 20223 yr Didn’t student loans used to have a fairly short loan period? Like 10 years? I keep hearing about 40-year-olds like Hazelton Eagle with huge loan balances.
August 26, 20223 yr Just now, Dave Moss said: Didn’t student loans used to have a fairly short loan period? Like 10 years? I keep hearing about 40-year-olds like Hazelton Eagle with huge loan balances. I always thought they were pretty long term. My wife's were, but we paid them off years ago
August 26, 20223 yr Just now, Dave Moss said: Didn’t student loans used to have a fairly short loan period? Like 10 years? I keep hearing about 40-year-olds like Hazelton Eagle with huge loan balances. Mine was 10 years, paid it off in 5. I'm starting to get old though so that was some time back.
August 26, 20223 yr You can opt for longer I guess Quote The standard repayment term for federal student loans is 10 years, but extended and income-driven repayment plans allow borrowers to stretch out their payments for as long as 20 or 25 years. These repayment plans can ease the burden of monthly student loan payments, but they can also dramatically increase total repayment costs. https://www.credible.com/blog/statistics/average-student-loan-debt-statistics/#:~:text=Average student loan monthly payment,-Here's what you&text=The standard repayment term for,as 20 or 25 years.
August 26, 20223 yr 1 minute ago, DrPhilly said: Mine was 10 years, paid it off in 5. I'm starting to get old though so that was some time back. Yeah back when William & Mary was $1000 a semester.
August 26, 20223 yr Author 4 minutes ago, vikas83 said: I always thought they were pretty long term. My wife's were, but we paid them off years ago Standard is 20 I thought.
August 26, 20223 yr 1 minute ago, Dave Moss said: Yeah back when William & Mary was $1000 a semester. Haha, it wasn't that cheap but yeah. I paid about $6k first year and then it went up each year and ended about $10k the last year. My loan total was about $30k in today's values.
August 26, 20223 yr 12 minutes ago, vikas83 said: I always thought they were pretty long term. My wife's were, but we paid them off years ago We paid my wife's off a few years ago in full before we even needed to make a payment. We only borrowed about 12,000 though, back when we were extra poor and not just regular poor like now.
August 26, 20223 yr 1 minute ago, Boogyman said: We paid my wife's off a few years ago in full before we even needed to make a payment. We only borrowed about 12,000 though, back when we were extra poor and not just regular poor like now. I think my wife's was like 10k when we got married. I was rather ticked that the liability wasn't disclosed prior to the marriage...
August 26, 20223 yr 3 minutes ago, vikas83 said: I think my wife's was like 10k when we got married. I was rather ticked that the liability wasn't disclosed prior to the marriage... You should have done a better job with the DD
August 26, 20223 yr Just now, vikas83 said: I think my wife's was like 10k when we got married. I was rather ticked that the liability wasn't disclosed prior to the marriage... Lmao. My wife's college career was all over the place. She started before we met. Took random classes over a 5 year period and made terrible progress. Then in her late 30s got a few lucky career breaks and got extra motivated, went back, finished her associates and continued right through bachelor's and masters (and her degree even applied to her career, imagine that!). The loan was from when she went back, we didn't have a lot of extra cash at that time but she really felt she needed to keep momentum going.
August 26, 20223 yr 1 minute ago, Boogyman said: Lmao. My wife's college career was all over the place. She started before we met. Took random classes over a 5 year period and made terrible progress. Then in her late 30s got a few lucky career breaks and got extra motivated, went back, finished her associates and continued right through bachelor's and masters (and her degree even applied to her career, imagine that!). The loan was from when she went back, we didn't have a lot of extra cash at that time but she really felt she needed to keep momentum going. Congrats to her! All that momentum shoved you right into the kitchen and now she gets a life of you making the sammies. Win win win.
August 26, 20223 yr 8 minutes ago, DrPhilly said: Congrats to her! All that momentum shoved you right into the kitchen and now she gets a life of you making the sammies. Win win win. For the 100th time, we dont eat a lot of sandwiches in my house. I am sure to have that homemade salad or stir fry ready promptly at 12:30 though, as directed by management.
August 26, 20223 yr 6 minutes ago, Boogyman said: For the 100th time, we dont eat a lot of sandwiches in my house. For the 1st time, when I mention "sammies" to you going forward I mean "food".
August 26, 20223 yr Just now, DrPhilly said: For the 1st time, when I mention "sammies" to you going forward I mean "food". "Food" has 3 less letters than "sammies".
August 26, 20223 yr 18 minutes ago, Boogyman said: Lmao. My wife's college career was all over the place. She started before we met. Took random classes over a 5 year period and made terrible progress. Then in her late 30s got a few lucky career breaks and got extra motivated, went back, finished her associates and continued right through bachelor's and masters (and her degree even applied to her career, imagine that!). The loan was from when she went back, we didn't have a lot of extra cash at that time but she really felt she needed to keep momentum going. My wife got her degree is international business or something like that. She hasn't worked since we got married, so...money well spent?
August 26, 20223 yr 4 minutes ago, Boogyman said: "Food" has 3 less letters than "sammies". Yeah, both in the total number of letters in each word AND in the total number of different letters in each word. Now go make some sammies!
August 26, 20223 yr Just now, vikas83 said: My wife got her degree is international business or something like that. She hasn't worked since we got married, so...money well spent? Well she isn't in debt and I'll assume she enjoyed at least some of school, so maybe? My wife's degree is in regulatory affairs, quality and compliance. She is the global director of quality for a small but fast growing pharma company with several products in phase 3 clinical trials. She basically did the opposite of what people like HE did and got a degree in a field that is very marketable. Just now, DrPhilly said: Yeah, both in the total number of letters in each word AND in the total number of different letters in each word. Now go make some sammies! Not qualified, sorry.
August 26, 20223 yr Just now, Boogyman said: Well she isn't in debt and I'll assume she enjoyed at least some of school, so maybe? My wife's degree is in regulatory affairs, quality and compliance. She is the global director of quality for a small but fast growing pharma company with several products in phase 3 clinical trials. She basically did the opposite of what people like HE did and got a degree in a field that is very marketable. Had she not gone to Pepperdine, I'd have never met her. So...she won or lost, depending on how much trouble I'm in.
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