Bond007 asked:


Ok , maybe I should ask this question in a little different manner …..

I am leaving this country, I have not bought the tickets yet or told my manager about this yet. I want to leave this country for at least next 5 years.

Why ? well because I want to do something different in life. I want to become a hindu priest for which you have to take about 4 to 5 years of training and live a simple life away from all these cars, pleasures and stuff.

my question is – how and what should I do to get rid of my student loans – as they are the only reason I won’t be able to do what i want to do so badly. and yes I have a co-signer (he also is willing to leave the country for me) – i have about 60k of loans.

LAST BUT NO LEAST, I may come back to US after my training but its not 100% decided yet.

Please give me some good advice considering this is a very different special case !!!!! Thank You.

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Darian Jalene asked:


i am a high school senior recently accepted into Spelman: my dream college. however, my joy has been greatly diminished b/c scholarship money is little to none, meaning after 4 years i’ll be up to $120,000 in debt (not including interest &the yearly rise in tuition). i’ve confided in my mother &teachers who have given me options such as: attending somewhere else altogether, undergrad at a less expensive university then Spelman for graduate, going for it b/c Spelman’s notoriety is worth it.. i’m trying to get as much insight &opinions as possible before the May 1st decision deadline. thoughts/comments ?

Consolidating Credit Card Debt

ImperialDiego asked:


That’s how much I’m going to owe at the end of my college education, is this too much? Btw, I’m also going to be going to grad school, so I might need to take out more loans…

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majenwen asked:


I graduated law school in May, took the July CA bar, and passed. I’m now working at a small firm as an associate. I know I make a low wage ($25/hour), but I am getting hands-on file responsibility. I hope to find a job at a mid-size firm next year, once I have some experience.

I owe about 55K in federal consolidated loans, interest rate is 4.5%. My mom paid off my private loans totaling $100K using her home equity line (it has a lower interest and she can deduct the interest), and I pay the home equity line for her. Recently, she also used 30K to pay off credit card debt my dad borrowed in my name (and I receive a check from him every month to reimburse me).

I have no savings or an investment or retirement account. My firm doesn’t offer benefits.

Should I concentrate on paying off these loans first? Should I pay just the minimum, slightly more, or aggressively pay as much as I can? Invest? Both? I get mixed answers, but I want advice from people who have actually gone through this.

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oIiIo asked:


I am getting a science degree and am about 70K in debt. I am applying to nursing school – a school I have been accepted to before and on scholarship. I may not get a full scholarship from this school. I was thinking of taking a year off, living at home and working two jobs to start paying my loans and saving to pay my tuition. If I am accepted to this school should I do the year off plan or do the 15 month program immediately even if i have to take out a couple of loans and start my nursing career sooner?
by the way, the 15 month program will leave me with a second bachelors in nursing

Consolidating Credit Card Debt