Free Student Loan Handout WHEN?
I am curious when the Gov’t will be bailing out the Student Loans. Before any of you comment about pay em off myself put yourself in my shoes if you had student loans there is NO WAY you’d turn down free money so don’t act like your better than anybody else. I have paid off 71,000 in student loans in the last 2 years. I owe 41,000 left from the Gov’t, they will be paid off in 5 months BUT I was wondering if the Gov’t will be having some sort of bailout shortly that would give me free money?
Stand around expecting it handed out on a silver platter? What part of I already paid off 71K and will have the rest paid off in 5 months is a hand out? I am not gonna throw away money if the Gov’t is willing to give free money, isn’t that was all the grants are by the Gov’t?
Suggestion by Alex G
Hey Eddy – me again. You’re asking the right question. You did nothing wrong and are doing everything right – nobody should dare to give you any grief. And you would be a fool to pay down that debt if the government was about to wipe it out or significantly reduce it. Here’s my thinking, for what it’s worth (and I’m in your shoes – someone with a lot of student loans to pay off). Obviously I don’t have a crystal ball, so I can’t say 100% for sure, but I can tell you that I’d be extremely surprised if the government gave any kind of “handout” (“bailout” might be a better word) or student loan forgiveness of any sort whatsoever. That kind of thing is only for billionaire Wall Street banksters and other politically connected crooks, not ordinary citizens like you and me. If you don’t like my take on Wall Street, I can explain it further, but I want to keep to the topic here.
You could take your chances, but I wouldn’t if I were you. Because while you’re waiting for what would be a miracle, the interest and/or fees will continue to accumulate, and the whole mess will continue to take a psychological toll on you. Plus, who knows – you may not be lucky enough to keep this favorable income forever. So I’d continue to pay it off as you are doing, get totally debt free, pat yourself on the back for a job VERY well done, and then continue to put that same amount away every month into a tax-free retirement vehicle like an IRA, 401k, etc. – it’s never too young to retire, especially from a dangerous job like one in Iraq. All you need is enough money. And I’d also be learning about investments, where and how to retire cheaply (you’ve been to the Philippines and Thailand, so you already have some ideas), etc. I don’t know if you were in the military before and have a pension coming, and/or if you have paid into Social Security for the required 10 years (minimum), but these would also be good to have in addition to your own savings/investments. I sent you an e-mail, so hopefully we can learn a few things from each other – let’s chat!
Know better? Leave your own answer in the comments!
Whats the point of the ball dropping in New York on new years?
Suggestion by Seven In One Stroke
Nobody knows anymore. I hate ritual.
Suggestion by Yomama
it was to symbolize an apple such as the ” big apple” in times square, t but changed over time into a ball. the ball is also made of triangle crystals that if viewed up close shows free mason G in each triangle.
What do you think? Answer below!
Follow the action free on your laptop http://bit.ly/TVnow Get satellite TV with no dish, cable, card, and all for free!