It's only stupid if it doesn't work
Yup, you literally have to die for the loan to be dismissed. There is no other way.Student loan debt will still be owed even after a bankruptcy... its one of the debts that you can't get rid of.
I graduated in 2008. I don't even recognize my old campus. In my opinion, they took a large chunk of it's character away. The off-campus Greek row was taken through eminent domain, 100 year old houses leveled, to make room for a Holiday Inn, a Barnes & Noble, and a pre-fab dorm. That was just one direction. They have literally been using eminent domain to expand every edge of the campus. Now I hear they have a medical school too. Is it any wonder that when I started it was about $12k a year (including room and board), and now that number is nearly double that?I recently visited my old college campus.
Since I left there, there's 2 new dorms, a new library, a remodeled student center, and a few neighboring housing became offices/property of the school.
When I went, tuition was $365 per credit hour
Today, it's 634 per credit hour.
so, in 15 years, it's doubled.
I refinanced before I was even out of grad school. But consolidated is a more correct word. At the time I just needed to lower the payment because it was more than I was making every month. I still feel bad complaining, my student loans are enough to buy a mediocre car, not a house. And I have my Masters.I agree with letting the loans be re-financed. Apparently that was just shot down by the R's.
stupid move IMO and it's party BS on both sides as usual here...
Low interest is a good thing. 3% is a good figure IMO... basically floats it at inflation levels.
Honestly, if I had student loan debt higher than 5%, I'd put it on a credit card and move the balance every 12-18 months when the intro 0% wore off