Re: [MBZ] booting off of a usb flash drive - Now Tuition

2008-06-04 Thread LWB250
You're telling me...my grace period just ran out, and
I'm staring at nearly $40k of Stafford loans.  if it's
any consolation, the interest is deductible.  I'm
paying mine off early, but every little bit helps.

Ouch.

Thank goodness you can do graduated payments.  If I
had to pony up nearly $400/month right now I would be
hurting.

At least they tightened things up so that nothing
short of death can get you out of paying off your
loans

Dan



--- Mitch Haley [EMAIL PROTECTED] wrote:

 Peter Frederick wrote:
  
  Indiana University was $369 fees and tuition in
 1975, for 12-18 hrs
  of classes.  Way more than that now, things are
 crazy.
 
 Unintended consequences. Offer subsidized student
 loans, and tuition
 will increase to the total of what the parents can
 pay plus what they 
 can borrow. I think in the long run federal aid does
 nothing to make
 education more affordable, just makes federal taxes
 less affordable.
 
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Re: [MBZ] booting off of a usb flash drive - Now Tuition

2008-06-04 Thread Mitch Haley
LWB250 wrote:
 At least they tightened things up so that nothing
 short of death can get you out of paying off your
 loans

I thought the 1998 changes went too far. In the beginning, student debt had
no special status in bankruptcy, so all the smart JDs, and the MDs who
were smart enought to consult with JDs or CPAs, got their chapter 7s with
their diplomas. After all, how many graduate students have non-exempt assets?
It didn't take them long to make student debt non-dischargable for seven
years after the loans went into repayment. That, IMO, was a good way to
handle it, especially now that we have limits on who can file ch7. If we 
could combine the pre '98 rules for student loan discharge with the post '05
rules for filing bankruptcy, I think it would be workable. 
Under the current system, you can prove permanent and total disability to
the satisfaction of the Social Security Administration and still not be
able to get your student loans forgiven. 

Mitch.

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