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Which is why I suggested he expand his search range. Now, tossing out a salary and not quantifying cost of living doesn't give the full picture because 50K in San Francisco probably qualifies you for welfare benefits, but 50K in more affordable area is a very reasonable salary.
Which is why I suggested he expand his search range. Now, tossing out a salary and not quantifying cost of living doesn't give the full picture because 50K in San Francisco probably qualifies you for welfare benefits, but 50K in more affordable area is a very reasonable salary.
Considering the bills he listed and his disposable income after, our cost of living is about the same. I make almost 70% more than I spend a month.
In old age, Social Security will garnish retirement benefits for unpaid student loans. They never forget.
how true is that though?
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My student loan is $2000. I am on forbearance but my income based would be about $5. ( its on forbearance until taxes when im paying it off)
Hubbys loan is $10k. He is on forbearance too but his income based repayment would be $120 or so.
You have to bite the bullet and pay it. Theyll take your taxes if you dont, i do know that because one year they took $4000 of our federal return for repayment and i was not pleased. ( looking back im glad they did)
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My student loan is $2000. I am on forbearance but my income based would be about $5. ( its on forbearance until taxes when im paying it off)
Hubbys loan is $10k. He is on forbearance too but his income based repayment would be $120 or so.
You have to bite the bullet and pay it. Theyll take your taxes if you dont, i do know that because one year they took $4000 of our federal return for repayment and i was not pleased. ( looking back im glad they did)
I think there is a loan forgiveness program for public service workers, including teachers. If you teach for 10 years, I believe, your loans are forgiven. I had a coworker whose wife is in the program. I'm not sure, though, if payments on the loan have to be made while teaching or if they go into forebearance, I don't know. I'm sure you can find some information on the program if you google it.
Added the link. There are eligibility requirements.
You have to keep paying them, any loan still unpaid at the end of the term is paid off. But you have to be in good standing.
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