contemplating dropping out - what do you think?

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Re: contemplating dropping out - what do you think?

Postby timbs4339 » Sat Jul 14, 2012 2:25 pm

2014 wrote:I really doubt they just up and axe IBR (though I've seen stupider things).

So let's say they do get rid of it and start "making you pay". Well great, now a large amount of people are faced with a loan payment that is more than half of their pre-tax income. Bankruptcy doesn't do shit so faced with no other choice they default. What happens then? The government garnishes a certain percent of their disposable income? Oh wait, that is exactly what IBR does just minus months of red tape to get there.

I would think our esteemed congressmen would realize this and figure out another solution. Probably one that allows student loans to be discharged, penalizes schools for being retarded and hiking tuition to obscene levels as salaries barely rise with inflation, or whatever.

Then their credit is absolutely shot. Good luck living with that for the rest of your life while trying to have a middle-class lifestyle. Then the lender sells your info to a debt collection company that hounds you into oblivion.

It's a dumb system and it looks like it won't be fixed anytime soon and may even get worse. The only way to win is not to play.


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Postby bloobook » Sat Jul 14, 2012 7:19 pm

Last edited by bloobook on Fri Jul 27, 2012 5:05 pm, edited 1 time in total.


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Re: contemplating dropping out - what do you think?

Postby iswis » Sun Jul 15, 2012 8:07 pm

Julio_El_Chavo wrote:If you're even ASKING about dropping out, you should drop out. Practicing law sucks if you have any doubts whatsoever that this is what you want to be doing. Also, being in law school is unimaginably more fun than practicing law. If you think it sucks now, GTFO.

I didn't say anything about hating law school or that it sucks. My post is simply about being below median and having a lot of debt that I may not be able to pay off. I actually enjoy law school quite a bit, I don't think it sucks and I am not bitching about the work, etc. Try reading the post first before responding.

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