OT: Default on Student Loans and You Could Lose Your License ( Including CPA)

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  • March 31, 2015 at 7:47 pm #660333
    Kettlepot
    Participant

    Nothing gets me more focused and ready to pay off student debt than destroying my earnings potential!

    Far: 49
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    March 31, 2015 at 7:54 pm #660334
    Anonymous
    Inactive

    Regarding the article: wow. just wow.

    My state is listed……I need to look into this a bit more.

    March 31, 2015 at 8:19 pm #660335
    taxgeek83
    Participant

    These articles have a point though. There are so many forbearance and deferment options out there, as well as income based repayment options, and in my experience, not enough borrowers know about it.

    The IBR option through the Dept. of Education is great for folks that are burdened by student loan debt but don't make enough to handle the payments. I know it might not necessarily be an option if you're stuck with private loans, but it's worth looking into. And while there are certainly outside factors to consider before consolidating (interest rates, etc.), it's better than going into default – especially if you have the potential to lose your license over it.

    That's my opinion anyway….

    https://studentaid.ed.gov/repay-loans/consolidation

    March 31, 2015 at 10:11 pm #660336
    Tncincy
    Participant

    Well, I guess this is another way to get people to respond and make an attempt to pay back student loans. I guess keeping the income tax is not working.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

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