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Suicidal over student debt. What to do?
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Date: February 6th, 2010 9:09 AM Author: awkward trip business firm marketing idea Posted about leaving the country earlier. About $125k in federal debt, $75k in private. Suicidal because of it. What should I do? Shoot (me). (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031526) |
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Date: February 6th, 2010 9:10 AM Author: Insanely Creepy Aromatic Heaven Hissy Fit Declare bankruptcy (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031528) |
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Date: February 6th, 2010 9:16 AM Author: awkward trip business firm marketing idea I've heard there's a way to do this for school debt, but I'm just not sure if I fit the qualifications. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031537) |
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Date: February 6th, 2010 9:59 AM Author: fishy stimulating locale I've heard YOUR FUCKED> (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031639) |
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Date: February 6th, 2010 9:29 AM Author: galvanic azure hunting ground killself (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031571) |
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Date: February 6th, 2010 9:58 AM Author: Indigo titillating travel guidebook I have $185k in debt and I only make $55k/year. I win. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031638) |
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Date: February 6th, 2010 10:32 AM Author: Cerebral Mischievous Base If you can't get a high salary job, you'll just have to make small 10% salary payments or something, or not pay it at all.. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031776) |
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Date: February 7th, 2010 10:50 PM Author: cordovan library azn Consult someone good with finances (family, friends, school financial advisor, etc.) to figure it out. It's definitely doable, esp. with your educational background. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050270) |
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Date: February 7th, 2010 10:54 PM Author: irradiated puce dysfunction At least give massive fraud a shot first. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050336) |
Date: February 6th, 2010 9:13 AM Author: Impertinent Toaster Hell fart into a jar. seal it. send to debt people. tell them it's Einstein's last fart, and you will let them sniff or sell it for 200k. home free (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031531) |
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Date: February 6th, 2010 9:16 AM Author: awkward trip business firm marketing idea Lol (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031539) |
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Date: February 6th, 2010 9:26 AM Author: Vigorous cumskin If you work for the gov't for a certain term can't you get your debt forgiven? Just do that. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031566) |
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Date: February 6th, 2010 9:31 AM Author: awkward trip business firm marketing idea Would this eliminate my private debt, too? I'm most worried about that. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031576) |
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Date: February 6th, 2010 9:32 AM Author: Vigorous cumskin no idea (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031577) |
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Date: February 6th, 2010 9:53 AM Author: Violet Faggot Firefighter Roommate Nope. Sorry dood. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031617) |
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Date: February 6th, 2010 8:27 PM Author: hairless windowlicker Only FED debt, sorry bro. I have 96K in debt, but all FED. I'm going for IBR all the way, till I make moar. Thanks OBAMA! (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036867) |
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Date: February 7th, 2010 6:26 AM Author: awkward trip business firm marketing idea Totally fucked up in taking out private loans. :( (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040958) |
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Date: February 6th, 2010 10:03 AM Author: Greedy supple stage affirmative action It's like federal, state, local, or non-profit work...ten year income based repayment, then forgiven (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031656) |
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Date: February 7th, 2010 10:58 PM Author: aphrodisiac dark home preventive strike Subject: yes but it's 10 years from 10/1/07, or from when you start working.
Get a job in the fed. gov't...no need for suicide. It's overrated, I hear. |
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Date: February 6th, 2010 9:54 AM Author: milky laughsome property laser beams Dedicate the rest of your life working a shit job paying off your debts. Die unhappy and unloved at age 50. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031622) |
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Date: February 6th, 2010 9:54 AM Author: Slimy Chrome Sweet Tailpipe what country are you considering going to (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031623) |
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Date: February 6th, 2010 10:01 AM Author: Greedy supple stage affirmative action Income based repayment on the federal debt (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031649) |
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Date: February 6th, 2010 10:03 AM Author: Talented Crawly University Immigrant vote for obama (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031657) |
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Date: February 6th, 2010 10:05 AM Author: jet massive dopamine Make partner (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031665) |
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Date: February 6th, 2010 10:07 AM Author: bateful lake mad cow disease milk Unreal that someone could get $200K into debt absent a mortgage. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031673) |
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Date: February 7th, 2010 8:13 AM Author: awkward trip business firm marketing idea Coming from a poor family sucks, especially when you're told education would get you out of poverty. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040975) |
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Date: February 6th, 2010 10:26 AM Author: Flushed theater Job prospects? (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031755) |
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Date: February 6th, 2010 10:36 AM Author: confused lime hospital If you're suicidal now how are you gonna feel 10 years from now when you have saved any money, you've barely paid any of the debt, and you're getting older, fatter and balder?
Seppuku is TCR |
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Date: February 6th, 2010 10:40 AM Author: Flushed theater Marry a rich girl a couple of OBJECTIVE RATING points below what you could ordinarily pull (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031798) |
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Date: February 6th, 2010 10:47 AM Author: Swashbuckling digit ratio weed whacker debt is better than marrying a 1 broseph (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031819) |
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Date: February 6th, 2010 8:26 PM Author: Brilliant thriller office famous landscape painting You can divorce a 1. You can't divorce non-dischargeable debt. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036851) |
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Date: February 7th, 2010 10:56 PM Author: irradiated puce dysfunction Wisdom. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050371) |
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Date: February 6th, 2010 10:52 AM Author: concupiscible rebellious theater stage jew Get some MOAR education that will make you more marketable!!!!!!!!!!! (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031833) |
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Date: February 6th, 2010 11:01 AM Author: Vermilion address gaping To discharge educational loans under the Bankruptcy Code, a debtor must establish that repayment of the loan poses an “undue hardship.” 11 U.S.C. § 523(a)(8) (2000). To prove “undue hardship” the debtor must show that (1) based on the debtor’s income and expenses, the debtor cannot repay the loan and maintain a minimal standard of living; (2) the debtor’s financial situation is likely to persist for a significant portion of the repayment period due to “additional circumstances;” and (3) the debtor has made good faith efforts to repay the loan. See Brunner v. N.Y. State Higher Educ. Serv. Corp., 831 F.2d 395, 396 (2d Cir. 1987) (per curiam). (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031885) |
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Date: February 6th, 2010 8:29 PM Author: hairless windowlicker I wish I still had free westlaw (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036882) |
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Date: February 6th, 2010 11:06 AM Author: Orchid fortuitous meteor I know I will be made fun of for saying this but, please, just have faith that this will work itself out. You will be making plenty of money one day. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031916) |
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Date: February 6th, 2010 11:17 AM Author: curious sound barrier chad Get help, seriously. Your school, employer, or health insurance probably has some sort of mental health line. If not, the local bar association might. Get help.
It can seem like student loans are overwhelming, but they really are manageable once you get the right perspective. It's just debt - you can still live your life. |
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Date: February 6th, 2010 1:22 PM Author: canary wonderful main people TITCR.
It's all about perspective man. A lot of the best experiences in life have nothing to do with money. You'll be fine. |
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Date: February 6th, 2010 1:32 PM Author: tantric boltzmann parlor Put the federal debt on IBR, put the private debt on the longest possible repayment scheme, and just focus on the private debt. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032961) |
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Date: February 6th, 2010 1:34 PM Author: hairraiser parlour messiness Did you at least enjoy life while racking up $200k in debt? (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032976) |
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Date: February 7th, 2010 6:27 AM Author: awkward trip business firm marketing idea SO much. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040959) |
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Date: February 6th, 2010 1:36 PM Author: primrose arousing plaza fake your own death (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032985) |
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Date: February 6th, 2010 1:37 PM Author: hairraiser parlour messiness I doubt somebody who was intelligent enough to take $200k and can't find a job is smart enough to do this successfully. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032992) |
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Date: February 6th, 2010 8:28 PM Author: Provocative menage kill your parents for giving you birth. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036871) |
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Date: February 6th, 2010 8:30 PM Author: excitant alpha deer antler dood just stop paying.
i have a relative who does this and i wrote them a few letters telling them i represent him and to send all correspondence to me.
i barely get anything now, maybe one angry letter per 6-9 months.
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Date: February 7th, 2010 3:24 AM Author: Passionate scarlet pozpig Does that really work? Wouldn't that destroy his credit? Can they go after him in court to collect? (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040548) |
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Date: February 7th, 2010 3:36 AM Author: White 180 Crackhouse Honestly evaluate your job prospects--if you went to a good school and have a clerkship, eventually you should be able to find a job that will enable you to pay back your loans. Many lenders will work with you to develop a plan... are your loans currently set up for graduated repayment?
The worst thing you can do is just stop paying. Remember that guy who didn't pass NY C&F because of his debt, which was like $400k? Yeah, about half of that total was for collection and attorney's fees the lender incurred after he defaulted.
Even without Biglaw, your debt is manageable. What about government jobs? Seems like the clerkship should set you up at least a little... and is your judge willing to help by calling his contacts for you?
Leaving the country is a terrible idea, because once your realize how TTT the rest of the world is, your debt will have doubled. Besides, what good is an American law degree going to do in another country? Your job prospects are much better here. |
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Date: February 7th, 2010 3:47 AM Author: Grizzly irate range love of her life the audacity of debt (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040681) |
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Date: February 7th, 2010 6:28 AM Author: awkward trip business firm marketing idea TCR. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040960) |
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Date: February 7th, 2010 8:11 AM Author: awkward trip business firm marketing idea A big problem with going from clerkship --> BIGLAW is I didn't pass the bar. Ugh, if I had just taken out Grad PLUS my life would be fine. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040972) |
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Date: February 7th, 2010 2:24 PM Author: White 180 Crackhouse take it again, obviously. figure out what you did wrong and pass this time. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14042969) |
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Date: February 7th, 2010 10:46 PM Author: bonkers plum shrine boistinker Jesus. Thank god I graduated in '06 when everyone at the T14 got biglaw. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050202) |
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Date: February 7th, 2010 10:54 PM Author: Floppy sanctuary coffee pot You have the option of leaving the country. I don't have a link ready to hand, but I've read before that often loan companies don't bother tracking you down. The article actually said it's becoming a popular alternative to killself. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050329) |
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Date: February 7th, 2010 10:56 PM Author: coiffed police squad useless brakes hopefully, you majored in physics and are working on that time machine right now. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050374) |