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Have 150k in LS loans, qualify for PSLF. Get an MBA?

It will basically be free, right? I can go part time while w...
Infuriating Business Firm Potus
  05/12/13
hell, get two.
pontificating ceo depressive
  05/12/13
Am I understanding PAYE and PLSF correctly? Basically a free...
Infuriating Business Firm Potus
  05/12/13
I dunno bro. getting the government to pay off your debts is...
pontificating ceo depressive
  05/12/13
I'm against the PAYE system, but it's kind of stupid not to ...
Domesticated Chestnut Striped Hyena Mexican
  05/12/13
being a leach and wasting time in useless grad programs is n...
pontificating ceo depressive
  05/12/13
true, I would not really do this but the incentive is there ...
Domesticated Chestnut Striped Hyena Mexican
  05/12/13
boomers got more than their share of handouts. same with so ...
Infuriating Business Firm Potus
  05/12/13
yes youre really sticking it to the boomers by getting usele...
pontificating ceo depressive
  05/12/13
lol
wine trailer park
  05/12/13
All future education is free, so yeah, max it out. Go for m...
wine trailer park
  05/12/13
What's the federal max?
Infuriating Business Firm Potus
  05/12/13
Lol, there is no max, bro. That's the beauty of it.
wine trailer park
  05/12/13
Sign up for a few dozen online degrees at the same time, cop...
Gold Roast Beef
  05/12/13
...
pontificating ceo depressive
  05/12/13
Yeah, I've been thinking about this lately. Any reason not t...
Domesticated Chestnut Striped Hyena Mexican
  05/12/13
No reason not to.
wine trailer park
  05/12/13
sweet man, I'm gonna see what Harvard MA programs I can get ...
Domesticated Chestnut Striped Hyena Mexican
  05/12/13
(guy who can't get into any Harvard MA programs)
effete ebony casino idea he suggested
  05/12/13
I'll just get a Pacific Studies MA from U of Hawaii then.
Domesticated Chestnut Striped Hyena Mexican
  05/12/13
Debt fucks you for other borrowing (e.g. mortgage loans) eve...
claret corner
  05/12/13
yah but i haven't started paying off my loans yet. copped th...
Infuriating Business Firm Potus
  05/12/13
A forbearance is dumb if you're PAYE eligible. You can just ...
claret corner
  05/12/13
i live in a rent-stabilized apt in MFH that's well under mar...
Infuriating Business Firm Potus
  05/12/13
You're confident you won't want a mortgage or other loan in ...
claret corner
  05/12/13
deferment or whatever it is. you can avoid paying fed loans ...
Infuriating Business Firm Potus
  05/12/13
That's not true at all. 3 years is the maximum deferment per...
claret corner
  05/12/13
it's def possible. you can defer even if you're employed
Infuriating Business Firm Potus
  05/12/13
While employed full-time? Link?
claret corner
  05/12/13
i dont need a link. i'm doing it and so is my friend
Infuriating Business Firm Potus
  05/12/13
A few missteps ruined your flame.
claret corner
  05/12/13
believe whatever you want. it's not flame
Infuriating Business Firm Potus
  05/12/13
part time MBA's are worthless. why waste your time?
Hairraiser bronze resort pisswyrm
  05/12/13
not if it's columbia
Infuriating Business Firm Potus
  05/12/13
so how does this work? You sit on your ass for ten years aft...
Hairraiser bronze resort pisswyrm
  05/12/13
i'm a professor. i'll be able to teach in b-school, consult,...
Infuriating Business Firm Potus
  05/12/13
False.
claret corner
  05/12/13


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Reply Favorite

Date: May 12th, 2013 2:44 PM
Author: Infuriating Business Firm Potus

It will basically be free, right? I can go part time while working at my non profit job

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183454)



Reply Favorite

Date: May 12th, 2013 2:57 PM
Author: pontificating ceo depressive

hell, get two.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183542)



Reply Favorite

Date: May 12th, 2013 2:58 PM
Author: Infuriating Business Firm Potus

Am I understanding PAYE and PLSF correctly? Basically a free loan at this point, right? My loans are currently in deferment

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183552)



Reply Favorite

Date: May 12th, 2013 4:03 PM
Author: pontificating ceo depressive

I dunno bro. getting the government to pay off your debts is for losers. if you have the opportunity to have yourself bailed out, go for it. but don't go looking for approval here if youre serious about trying to fuck the system.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183939)



Reply Favorite

Date: May 12th, 2013 4:06 PM
Author: Domesticated Chestnut Striped Hyena Mexican

I'm against the PAYE system, but it's kind of stupid not to take advantage of opportunities like this if you think they're good for you. Big business takes advantage of shitty subsidies and tax incentives all the time.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183963)



Reply Favorite

Date: May 12th, 2013 4:15 PM
Author: pontificating ceo depressive

being a leach and wasting time in useless grad programs is not good for you.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184058)



Reply Favorite

Date: May 12th, 2013 4:17 PM
Author: Domesticated Chestnut Striped Hyena Mexican

true, I would not really do this but the incentive is there and for someone who dreams of getting a degree in some shitty humanities field and has no career prospects, I think it's actually probably a good idea for them personally.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184087)



Reply Favorite

Date: May 12th, 2013 4:06 PM
Author: Infuriating Business Firm Potus

boomers got more than their share of handouts. same with so many other groups in the counTTTry. it's my turn. consider it repayment for the social security ponzi scheme i paid into

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183965)



Reply Favorite

Date: May 12th, 2013 4:13 PM
Author: pontificating ceo depressive

yes youre really sticking it to the boomers by getting useless 50k/yr graduate degrees, the proceeds from which go right into boomer pockets, and then having the government bail you out with money borrowed from china, the effects of which wont really be felt until the boomers are near or past death and which will eventually contribute to the disintegration of the economy of the country in which you have to live for the next fifty years.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184038)



Reply Favorite

Date: May 12th, 2013 4:15 PM
Author: wine trailer park

lol

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184055)



Reply Favorite

Date: May 12th, 2013 2:58 PM
Author: wine trailer park

All future education is free, so yeah, max it out. Go for max loans. Maybe do a few bullshit online masters and travel the world.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183549)



Reply Favorite

Date: May 12th, 2013 2:59 PM
Author: Infuriating Business Firm Potus

What's the federal max?

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183555)



Reply Favorite

Date: May 12th, 2013 3:01 PM
Author: wine trailer park

Lol, there is no max, bro. That's the beauty of it.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183569)



Reply Favorite

Date: May 12th, 2013 3:14 PM
Author: Gold Roast Beef

Sign up for a few dozen online degrees at the same time, cop that living expense loan for each, ball hard.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183649)



Reply Favorite

Date: May 12th, 2013 4:01 PM
Author: pontificating ceo depressive



(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183923)



Reply Favorite

Date: May 12th, 2013 4:04 PM
Author: Domesticated Chestnut Striped Hyena Mexican

Yeah, I've been thinking about this lately. Any reason not to go get a vanity Masters Degree in Philosophy or something worthless like that, rack up an extra $100k in loans for 2 years?

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183948)



Reply Favorite

Date: May 12th, 2013 4:05 PM
Author: wine trailer park

No reason not to.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183956)



Reply Favorite

Date: May 12th, 2013 4:07 PM
Author: Domesticated Chestnut Striped Hyena Mexican

sweet man, I'm gonna see what Harvard MA programs I can get into.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183970)



Reply Favorite

Date: May 12th, 2013 4:16 PM
Author: effete ebony casino idea he suggested

(guy who can't get into any Harvard MA programs)

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184074)



Reply Favorite

Date: May 12th, 2013 4:19 PM
Author: Domesticated Chestnut Striped Hyena Mexican

I'll just get a Pacific Studies MA from U of Hawaii then.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184097)



Reply Favorite

Date: May 12th, 2013 4:07 PM
Author: claret corner

Debt fucks you for other borrowing (e.g. mortgage loans) even with a forgiveness plan, and the new debt will only be forgiven 10 years after it's taken out, not at the same time as the old debt.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183971)



Reply Favorite

Date: May 12th, 2013 4:11 PM
Author: Infuriating Business Firm Potus

yah but i haven't started paying off my loans yet. copped that forbearance. my plan is to get the part-time MBA, delay paying back LS loans for another 2-3 years, get some living expense loan money to bank away, then start my 10-year PSLF repayments

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184009)



Reply Favorite

Date: May 12th, 2013 4:12 PM
Author: claret corner

A forbearance is dumb if you're PAYE eligible. You can just enroll in PAYE with no income and have the time count towards your forgiveness period.

Your clarified plan causes all the problems I suggested in my first post, plus it drags out your original debt burden.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184025)



Reply Favorite

Date: May 12th, 2013 4:15 PM
Author: Infuriating Business Firm Potus

i live in a rent-stabilized apt in MFH that's well under market value. i ain't getting a mortgage anytime soon. i work full-time now, so i don't have zero income.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184068)



Reply Favorite

Date: May 12th, 2013 4:16 PM
Author: claret corner

You're confident you won't want a mortgage or other loan in the next 12 years?

You wouldn't qualify for forbearance with a full-time job.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184082)



Reply Favorite

Date: May 12th, 2013 4:18 PM
Author: Infuriating Business Firm Potus

deferment or whatever it is. you can avoid paying fed loans back for 3 years, no questions asked

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184095)



Reply Favorite

Date: May 12th, 2013 4:23 PM
Author: claret corner

That's not true at all. 3 years is the maximum deferment period if you're unemployed. There's no program to avoid payment if you're working full time unless your income is so low that PAYE/IBR don't require payment.

http://studentaid.ed.gov/repay-loans/deferment-forbearance#what-is-deferment

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184130)



Reply Favorite

Date: May 12th, 2013 4:24 PM
Author: Infuriating Business Firm Potus

it's def possible. you can defer even if you're employed

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184140)



Reply Favorite

Date: May 12th, 2013 4:27 PM
Author: claret corner

While employed full-time? Link?

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184164)



Reply Favorite

Date: May 12th, 2013 4:28 PM
Author: Infuriating Business Firm Potus

i dont need a link. i'm doing it and so is my friend

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184173)



Reply Favorite

Date: May 12th, 2013 4:28 PM
Author: claret corner

A few missteps ruined your flame.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184176)



Reply Favorite

Date: May 12th, 2013 4:45 PM
Author: Infuriating Business Firm Potus

believe whatever you want. it's not flame

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184313)



Reply Favorite

Date: May 12th, 2013 4:10 PM
Author: Hairraiser bronze resort pisswyrm

part time MBA's are worthless. why waste your time?

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23183997)



Reply Favorite

Date: May 12th, 2013 4:14 PM
Author: Infuriating Business Firm Potus

not if it's columbia

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184050)



Reply Favorite

Date: May 12th, 2013 4:21 PM
Author: Hairraiser bronze resort pisswyrm

so how does this work? You sit on your ass for ten years afterwards making 75K? Does your life really improve with an MBA if you can't make money?

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184119)



Reply Favorite

Date: May 12th, 2013 4:23 PM
Author: Infuriating Business Firm Potus

i'm a professor. i'll be able to teach in b-school, consult, maybe become a high paid dean or VP. regardless, if i can get a MBA from a top school for free, why not do it? i can even take a paid sabbatical for a year and get it

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184132)



Reply Favorite

Date: May 12th, 2013 4:23 PM
Author: claret corner

False.

(http://www.autoadmit.com/thread.php?thread_id=2254013&forum_id=2#23184137)