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Is Dave Ramsey giving Jessica credited advice?

Or is it just Baby Boomer platitudes? https://www.youtub...
razzmatazz mental disorder
  02/19/19
Dave has irrational hatred of PSLF. For many its the only wa...
Scarlet party of the first part
  02/19/19
No its stupid. She has 385k in debt as a clinical psycho...
cordovan site half-breed
  02/19/19
Yeah and in the end it still may take her 10+ years to pay d...
razzmatazz mental disorder
  02/19/19
...
adventurous temple pisswyrm
  02/19/19
then he predicts she can pay it all off in 3-4 years with a ...
cordovan site half-breed
  02/19/19
Yeah... he's completely irrational about this. He should ...
adventurous temple pisswyrm
  02/19/19
...
razzmatazz mental disorder
  02/19/19
...
razzmatazz mental disorder
  02/20/19
...
adventurous temple pisswyrm
  02/20/19
so, 375k loan for 10 yrs at 7.5% = $4451/MONTH, or $53,412/y...
dun exciting state
  02/20/19
...
dun exciting state
  02/20/19


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Date: February 19th, 2019 10:32 PM
Author: razzmatazz mental disorder

Or is it just Baby Boomer platitudes?

https://www.youtube.com/watch?v=gh9-NJz_2dU

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811244)



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Date: February 19th, 2019 10:37 PM
Author: Scarlet party of the first part

Dave has irrational hatred of PSLF. For many its the only way out.

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811262)



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Date: February 19th, 2019 10:40 PM
Author: cordovan site half-breed

No its stupid.

She has 385k in debt as a clinical psychologist and makes 50k per year. She is on PSLF and will have her debt forgiven after ten years. Ramsey says 10 years is way too long and that she instead should get a 6 figure job to pay the debt down. The payments on that debt will be enormous regardless of how much her job pays.

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811273)



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Date: February 19th, 2019 10:42 PM
Author: razzmatazz mental disorder

Yeah and in the end it still may take her 10+ years to pay down the 385K and interest! And she won't have any savings and will basically be starting over at that point. AT least on PSLF she can save.

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811280)



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Date: February 19th, 2019 11:16 PM
Author: adventurous temple pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811504)



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Date: February 19th, 2019 10:42 PM
Author: cordovan site half-breed

then he predicts she can pay it all off in 3-4 years with a private sector job

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811281)



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Date: February 19th, 2019 11:17 PM
Author: adventurous temple pisswyrm

Yeah... he's completely irrational about this.

He should have asked if she's hot and if there are any rich suitors on the horizon.

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811509)



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Date: February 19th, 2019 11:14 PM
Author: razzmatazz mental disorder



(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37811489)



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Date: February 20th, 2019 8:52 AM
Author: razzmatazz mental disorder



(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37812475)



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Date: February 20th, 2019 11:06 AM
Author: adventurous temple pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37812997)



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Date: February 20th, 2019 3:14 PM
Author: dun exciting state

so, 375k loan for 10 yrs at 7.5% = $4451/MONTH, or $53,412/yr. this assumes all her interest has been deferred.

if she can get a job at 200k in a cheap COL city, she might be better off just paying 50k/yr than taking the govt job.

maybe she should just marry rich?

(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37814579)



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Date: February 20th, 2019 10:52 PM
Author: dun exciting state



(http://www.autoadmit.com/thread.php?thread_id=4205304&forum_id=2#37817832)