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What are some ways to pay down school debt?

 
Anonymous Coward
User ID: 18066254
United States
10/03/2012 11:25 PM
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What are some ways to pay down school debt?
Right now I owe 24k
Anonymous Coward
User ID: 10097155
United States
10/03/2012 11:30 PM
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Re: What are some ways to pay down school debt?
Easiest way to pay and not worry about it is to default and let them keep your IRS annual income tax refunds until it is paid off.

That's the easiest.
Resister

User ID: 1461638
United States
10/03/2012 11:44 PM
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Re: What are some ways to pay down school debt?
Same way you pay off any other debt. I don't mean to be a smart ass, but it's pretty simple. There are many new cars that cost way more than $24k. A new house can easily cost more than $100k even on the low end in low property value areas. The answer is not to pile up new debt before you pay off the old and not to take on more debt than you have income to repay.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
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Anonymous Coward
User ID: 1519424
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10/03/2012 11:53 PM
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Re: What are some ways to pay down school debt?
I had 7x that much and paid it all off in full. Here's the secret:

1. Work hard (even when you don't feel like it).
2. Spend less than you make.
3. Pay down your loans a little bit at a time.

Nobody owes you anything. If you are waiting for Barky to forgive your loans, you have a long wait - and they will stay with you for at least 30 years.
Anonymous Coward
User ID: 1519424
United States
10/03/2012 11:54 PM
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Re: What are some ways to pay down school debt?
Easiest way to pay and not worry about it is to default and let them keep your IRS annual income tax refunds until it is paid off.

That's the easiest.
 Quoting: Anonymous Coward 10097155


Easily said-until they start to tap your savings account too.

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