Korean Job Discussion Forums

[fiveeagles]

Well, its time to pay my wife's student loans off. Yehaw

The thing is, I remember my buddy telling me how he got 50 percent forgiven. Anyone hear of this? Where can I go to check this out?

Thanks

[joe_doufu]

I think you can get them forgiven if you join the Army. You can get medical school loans forgiven by working on Johnson Island or some other unpleasant place. You can get them deferred by joining the Peace Corps... they pay the interest so that when you come home the loans haven't increased. Of course all of these apply only to federal loans like Staffords. If you put anything on your credit card, there's no way the government pays it back. If you join the Army though you can get a big starting bonus.

[Grotto]

If you are Canadian you can apply for a remission....where the government will forgive a % of your loan for graduating....the amount depends on the career and how short they are of the desired trade/degree.

[mindmetoo]

Six years of university my debt load was $5,000. Sure seemed huge in 1991 but hell. That's nothing. I lived at home, of course, and this was back during the day when university tuition wasn't going up 20% every year and, even better, the government gave grants. Free money.

[jlb]

If it's an Alberta Student Loan, they just reduced a hit of it for everyone. I just got $7000 of mine. Pretty sweet action and I haven't even graduated yet.

[Kenny Kimchee]

[Homer]

You might get a forgive clause if you qualify as a quick graduate (withing the minimum time allowed), or for certain careers (ESL is not one of them sorry).

Best bet: get it defered for 6 months (or 12 if you can), save like a madman and plunk down all of the loan or a large chunk of it without paying any interest.

Thats what I did with my first loan and I paid almost 80% of it off in one fell swoop. Paid off the rest in a few months.

[JeJuJitsu]

With a six-figure student loan debt, decided to say F-Off, Mr. Perkins and Mr. Stafford. Staying in K-land, and have absolutely no intention of paying them back.

[joe_doufu]

[Homer]

Good luck next time you visit home then JeJuJitsu.

If your loan is that big..the bank will forget it..righhhhttt...

Don't you love defaulters who screw other students who need loans by making banks even more of a pain in the butt to deal with?

[skconqueror]

[Hater Depot]

[Paddycakes]

I was two weeks late making a payment, and Canadian student loans through Scotiabank tracked me down somehow and phoned me while I was in Korea.

That was a weird phone call.

And I had only been two weeks late!!

Fortunately I paid off all my student loan so I no longer have to deal student loans anymore.

[rapier]

[Paddycakes]

Where is it written that higher education is a basic human right?

I hate to rain on your Marxist parade, but most of the so-called "education" in the west serves the interest of the "capitalist machine."

Public schools are the status quo's first line of defense.