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comment by tacocat
tacocat  ·  3004 days ago  ·  link  ·    ·  parent  ·  post: ITT Tech shuts down all its schools; students might get loans forgiven

They're probably going to get student loan forgiveness which is harder than dying so they're coming out ahead. I mean, if you had a cosigner your debt will outlive you. If you don't, you basically have to be a vegetable for the government to forgive your loan. Bankruptcy reform sounds pretty boring until you find out what they did under that term.





kleinbl00  ·  3004 days ago  ·  link  ·  

360 payments these days, but yeah. That's a ways out.

tacocat  ·  3003 days ago  ·  link  ·  

Pay the minimum without fail for thirty years is kinda generous when bankruptcy is now a moral failing or some shit. I don't think you're, as in you personally because I know better, are minimizing that option. But yeah, you can make three hundred and sixty on time payments and discharge whatever's left. Thanks government.

kleinbl00  ·  3003 days ago  ·  link  ·  

And the minimum can be income-adjusted, which often ends up being interest-only.