disconnected wrote: PitchO20 wrote:
disconnected wrote: The thought of some people being financially crippled with 120k+ in non-dischargeable debt and a TTT degree, after being repeatedly warned, gives me a strange sense of pleasure.
Syracuse is not a TTT school, it is tier 2. The debt should not be an issue. If you make $60k, then you only pay back about $36k.
Does Syracuse have LRAP?
Has Obama's loan repayment plan been initiated? And what exactly is it and how can it help you?
If you’ve got both a Direct federal loan (a loan taken directly from the government) and a guaranteed federal loan (a similar federal loan except it originated at a bank) you can lower your total cost by combining the loans into a Special Consolidation Loan—it’ll lower your monthly payment on your federal loans that originated at a bank by .25% (but not loans taken directly from the government). As was the case already, all the loans can be discounted an additional .25% if you enroll in automatic payments from your checking account.
If you qualify for the income-based repayment program, your payment cap will be lowered from 15% to 10% of your discretionary income and your balance will be waived after 20 years instead of 25.
So, not to agitate, but I really am serious in wanting to know how your $100K+++ debt will turn into $36K..? Seriously, not a flame post.