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Old 06-28-2023, 04:21 PM
 
10,864 posts, read 6,464,793 times
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Quote:
Originally Posted by stone26 View Post
That’s easy to get around though… just change your withholdings so you owe a little money every year.
How do you change withholding,say a person is single?
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Old 06-28-2023, 04:22 PM
 
10,864 posts, read 6,464,793 times
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I have heard the monthly payment would be $400,where did you guy get $200?
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Old 06-28-2023, 05:24 PM
 
Location: Kansas
25,939 posts, read 22,089,429 times
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Even $400 a month would not be that much, as with all the job openings, part-time jobs are easy to get. I have met many people who work a full-time job and a part-time job to catch up on debt. One guy I knew whose wife had a baby had a full-time job, part time job and weekend job, and his wife worked part-time, and he was a young guy doing physical labor, actually one of those guys that the deadbeats want to pay off their student loan.
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Old 06-29-2023, 12:08 PM
 
17,349 posts, read 16,485,995 times
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Quote:
Originally Posted by AnywhereElse View Post
Even $400 a month would not be that much, as with all the job openings, part-time jobs are easy to get. I have met many people who work a full-time job and a part-time job to catch up on debt. One guy I knew whose wife had a baby had a full-time job, part time job and weekend job, and his wife worked part-time, and he was a young guy doing physical labor, actually one of those guys that the deadbeats want to pay off their student loan.
Yeah, one would think that a college educated person would find a way to earn $100 extra per week.
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Old 06-29-2023, 12:28 PM
 
Location: Coastal Georgia
50,335 posts, read 63,906,560 times
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My granddaughter had 2 student loans. One was on pause and one wasn’t. She doubled up on the one, and paid it off. Now the remaining one will be easier to pay off.
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Old 06-29-2023, 01:24 PM
 
17,349 posts, read 16,485,995 times
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Quote:
Originally Posted by gentlearts View Post
My granddaughter had 2 student loans. One was on pause and one wasn’t. She doubled up on the one, and paid it off. Now the remaining one will be easier to pay off.
Your granddaughter is smart in the way that she has been handling things. Good for her!
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Old 06-29-2023, 01:39 PM
 
1,303 posts, read 1,662,548 times
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Quote:
Originally Posted by mojo101 View Post
I have heard the monthly payment would be $400,where did you guy get $200?
I have four kids that have graduated and all have student loans. They are carrying about $20k total, each, at an average of 4%. The student loan service estimates a monthly payment of about $200.

Since they are carrying the median total amount of loans it's a good guess that $200 is the median monthly repayment.
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Old 06-29-2023, 02:08 PM
 
17,349 posts, read 16,485,995 times
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Quote:
Originally Posted by kmrlongisland View Post
I have four kids that have graduated and all have student loans. They are carrying about $20k total, each, at an average of 4%. The student loan service estimates a monthly payment of about $200.

Since they are carrying the median total amount of loans it's a good guess that $200 is the median monthly repayment.
I'll bet your kids will have those loans paid back in no time, too. They won't be the ones complaining about how they still have student loan debt in retirement.
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Old 06-29-2023, 02:29 PM
 
3,971 posts, read 4,035,479 times
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I was listening to a broadcast where a someone being interviewed flat out said they weren't going to pay back the loan.
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Old 06-29-2023, 02:35 PM
 
17,349 posts, read 16,485,995 times
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Quote:
Originally Posted by ebbe View Post
I was listening to a broadcast where a someone being interviewed flat out said they weren't going to pay back the loan.
Can't their wages be garnished and even their social security payments?
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