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Suicidal over student debt. What to do?
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Date: February 6th, 2010 9:09 AM Author: Concupiscible Violent Space Haunted Graveyard Posted about leaving the country earlier. About $125k in federal debt, $75k in private. Suicidal because of it. What should I do? Shoot (me). (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031526) |
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Date: February 6th, 2010 9:10 AM Author: flatulent vigorous scourge upon the earth Declare bankruptcy (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031528) |
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Date: February 6th, 2010 9:16 AM Author: Concupiscible Violent Space Haunted Graveyard I've heard there's a way to do this for school debt, but I'm just not sure if I fit the qualifications. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031537) |
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Date: February 6th, 2010 9:59 AM Author: multi-colored point I've heard YOUR FUCKED> (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031639) |
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Date: February 6th, 2010 9:29 AM Author: Crawly son of senegal jewess killself (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031571) |
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Date: February 6th, 2010 9:58 AM Author: jade exhilarant ape I have $185k in debt and I only make $55k/year. I win. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031638) |
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Date: February 6th, 2010 10:32 AM Author: dashing main people If you can't get a high salary job, you'll just have to make small 10% salary payments or something, or not pay it at all.. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031776) |
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Date: February 7th, 2010 10:50 PM Author: galvanic saffron giraffe home Consult someone good with finances (family, friends, school financial advisor, etc.) to figure it out. It's definitely doable, esp. with your educational background. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050270) |
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Date: February 7th, 2010 10:54 PM Author: Titillating pungent shrine At least give massive fraud a shot first. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050336) |
Date: February 6th, 2010 9:13 AM Author: cocky institution macaca fart into a jar. seal it. send to debt people. tell them it's Einstein's last fart, and you will let them sniff or sell it for 200k. home free (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031531) |
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Date: February 6th, 2010 9:16 AM Author: Concupiscible Violent Space Haunted Graveyard Lol (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031539) |
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Date: February 6th, 2010 9:26 AM Author: Brilliant Pozpig Native If you work for the gov't for a certain term can't you get your debt forgiven? Just do that. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031566) |
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Date: February 6th, 2010 9:31 AM Author: Concupiscible Violent Space Haunted Graveyard Would this eliminate my private debt, too? I'm most worried about that. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031576) |
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Date: February 6th, 2010 9:32 AM Author: Brilliant Pozpig Native no idea (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031577) |
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Date: February 6th, 2010 9:53 AM Author: cream azn ratface Nope. Sorry dood. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031617) |
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Date: February 6th, 2010 8:27 PM Author: swashbuckling indecent tattoo friendly grandma Only FED debt, sorry bro. I have 96K in debt, but all FED. I'm going for IBR all the way, till I make moar. Thanks OBAMA! (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036867) |
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Date: February 7th, 2010 6:26 AM Author: Concupiscible Violent Space Haunted Graveyard Totally fucked up in taking out private loans. :( (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040958) |
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Date: February 6th, 2010 10:03 AM Author: Opaque heady site It's like federal, state, local, or non-profit work...ten year income based repayment, then forgiven (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031656) |
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Date: February 7th, 2010 10:58 PM Author: Out-of-control wonderful jew state Subject: yes but it's 10 years from 10/1/07, or from when you start working.
Get a job in the fed. gov't...no need for suicide. It's overrated, I hear. |
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Date: February 6th, 2010 9:54 AM Author: Fluffy abode famous landscape painting Dedicate the rest of your life working a shit job paying off your debts. Die unhappy and unloved at age 50. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031622) |
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Date: February 6th, 2010 9:54 AM Author: Idiotic School what country are you considering going to (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031623) |
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Date: February 6th, 2010 10:01 AM Author: Opaque heady site Income based repayment on the federal debt (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031649) |
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Date: February 6th, 2010 10:03 AM Author: vengeful clear lay vote for obama (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031657) |
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Date: February 6th, 2010 10:05 AM Author: razzle-dazzle tank Make partner (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031665) |
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Date: February 6th, 2010 10:07 AM Author: hideous passionate faggotry Unreal that someone could get $200K into debt absent a mortgage. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031673) |
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Date: February 7th, 2010 8:13 AM Author: Concupiscible Violent Space Haunted Graveyard Coming from a poor family sucks, especially when you're told education would get you out of poverty. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040975) |
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Date: February 6th, 2010 10:26 AM Author: Adulterous lascivious cumskin garrison Job prospects? (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031755) |
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Date: February 6th, 2010 10:36 AM Author: translucent demanding weed whacker factory reset button If you're suicidal now how are you gonna feel 10 years from now when you have saved any money, you've barely paid any of the debt, and you're getting older, fatter and balder?
Seppuku is TCR |
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Date: February 6th, 2010 10:40 AM Author: Adulterous lascivious cumskin garrison Marry a rich girl a couple of OBJECTIVE RATING points below what you could ordinarily pull (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031798) |
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Date: February 6th, 2010 10:47 AM Author: Up-to-no-good shaky travel guidebook debt is better than marrying a 1 broseph (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031819) |
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Date: February 6th, 2010 8:26 PM Author: fishy deranged national party of the first part You can divorce a 1. You can't divorce non-dischargeable debt. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036851) |
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Date: February 7th, 2010 10:56 PM Author: Titillating pungent shrine Wisdom. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050371) |
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Date: February 6th, 2010 10:52 AM Author: thriller fiercely-loyal stage chad Get some MOAR education that will make you more marketable!!!!!!!!!!! (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031833) |
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Date: February 6th, 2010 11:01 AM Author: charismatic lodge To discharge educational loans under the Bankruptcy Code, a debtor must establish that repayment of the loan poses an “undue hardship.” 11 U.S.C. § 523(a)(8) (2000). To prove “undue hardship” the debtor must show that (1) based on the debtor’s income and expenses, the debtor cannot repay the loan and maintain a minimal standard of living; (2) the debtor’s financial situation is likely to persist for a significant portion of the repayment period due to “additional circumstances;” and (3) the debtor has made good faith efforts to repay the loan. See Brunner v. N.Y. State Higher Educ. Serv. Corp., 831 F.2d 395, 396 (2d Cir. 1987) (per curiam). (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031885) |
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Date: February 6th, 2010 8:29 PM Author: swashbuckling indecent tattoo friendly grandma I wish I still had free westlaw (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036882) |
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Date: February 6th, 2010 11:06 AM Author: Razzmatazz kitchen brethren I know I will be made fun of for saying this but, please, just have faith that this will work itself out. You will be making plenty of money one day. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14031916) |
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Date: February 6th, 2010 11:17 AM Author: Ebony piazza wrinkle Get help, seriously. Your school, employer, or health insurance probably has some sort of mental health line. If not, the local bar association might. Get help.
It can seem like student loans are overwhelming, but they really are manageable once you get the right perspective. It's just debt - you can still live your life. |
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Date: February 6th, 2010 1:22 PM Author: Exciting electric furnace TITCR.
It's all about perspective man. A lot of the best experiences in life have nothing to do with money. You'll be fine. |
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Date: February 6th, 2010 1:32 PM Author: irate floppy market Put the federal debt on IBR, put the private debt on the longest possible repayment scheme, and just focus on the private debt. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032961) |
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Date: February 6th, 2010 1:34 PM Author: Ungodly corner Did you at least enjoy life while racking up $200k in debt? (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032976) |
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Date: February 7th, 2010 6:27 AM Author: Concupiscible Violent Space Haunted Graveyard SO much. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040959) |
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Date: February 6th, 2010 1:36 PM Author: coral beta kitty cat twinkling uncleanness fake your own death (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032985) |
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Date: February 6th, 2010 1:37 PM Author: Ungodly corner I doubt somebody who was intelligent enough to take $200k and can't find a job is smart enough to do this successfully. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14032992) |
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Date: February 6th, 2010 8:28 PM Author: sapphire spot international law enforcement agency kill your parents for giving you birth. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14036871) |
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Date: February 6th, 2010 8:30 PM Author: Chest-beating locus dood just stop paying.
i have a relative who does this and i wrote them a few letters telling them i represent him and to send all correspondence to me.
i barely get anything now, maybe one angry letter per 6-9 months.
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Date: February 7th, 2010 3:24 AM Author: smoky rehab Does that really work? Wouldn't that destroy his credit? Can they go after him in court to collect? (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040548) |
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Date: February 7th, 2010 3:36 AM Author: black appetizing center Honestly evaluate your job prospects--if you went to a good school and have a clerkship, eventually you should be able to find a job that will enable you to pay back your loans. Many lenders will work with you to develop a plan... are your loans currently set up for graduated repayment?
The worst thing you can do is just stop paying. Remember that guy who didn't pass NY C&F because of his debt, which was like $400k? Yeah, about half of that total was for collection and attorney's fees the lender incurred after he defaulted.
Even without Biglaw, your debt is manageable. What about government jobs? Seems like the clerkship should set you up at least a little... and is your judge willing to help by calling his contacts for you?
Leaving the country is a terrible idea, because once your realize how TTT the rest of the world is, your debt will have doubled. Besides, what good is an American law degree going to do in another country? Your job prospects are much better here. |
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Date: February 7th, 2010 3:47 AM Author: At-the-ready provocative sweet tailpipe sound barrier the audacity of debt (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040681) |
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Date: February 7th, 2010 6:28 AM Author: Concupiscible Violent Space Haunted Graveyard TCR. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040960) |
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Date: February 7th, 2010 8:11 AM Author: Concupiscible Violent Space Haunted Graveyard A big problem with going from clerkship --> BIGLAW is I didn't pass the bar. Ugh, if I had just taken out Grad PLUS my life would be fine. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14040972) |
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Date: February 7th, 2010 2:24 PM Author: black appetizing center take it again, obviously. figure out what you did wrong and pass this time. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14042969) |
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Date: February 7th, 2010 10:46 PM Author: Yellow domesticated dilemma gaming laptop Jesus. Thank god I graduated in '06 when everyone at the T14 got biglaw. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050202) |
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Date: February 7th, 2010 10:54 PM Author: Mind-boggling Set Useless Brakes You have the option of leaving the country. I don't have a link ready to hand, but I've read before that often loan companies don't bother tracking you down. The article actually said it's becoming a popular alternative to killself. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050329) |
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Date: February 7th, 2010 10:56 PM Author: rusted jet-lagged idiot hopefully, you majored in physics and are working on that time machine right now. (http://www.autoadmit.com/thread.php?thread_id=1213992&forum_id=2#14050374) |