ernest_t_bass
Posts: 24,984
Apr 17, 2014 10:02am
Wow. That's f'd up.justincredible;1605998 wrote:My buddy ended up getting nailed. Paid off a sizable student loan with some help from his parents. Because they were paying it off at once they worked out a deal with the lender and they knocked $9k off the total. The IRS says that $9k discount is income and he now owes them $2500. They can GFT again.
SportsAndLady
Posts: 35,632
Apr 17, 2014 10:08am
0% interest for how long?ernest_t_bass;1606073 wrote:Because the credit cards had zero % interest? I'm glad you're concerned, though.
ernest_t_bass
Posts: 24,984
Apr 17, 2014 10:11am
18 months. Throughout my masters, I opened 0% cards, paid them off before interest kicked in, then cancelled them. I preferred this route over loans. Why? Because.SportsAndLady;1606077 wrote:0% interest for how long?
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MontyBrunswick
Apr 17, 2014 10:36am
Student loans don't disappear, even when filing for bankruptcy. There's no way to avoid paying for them sooner or later.Belly35;1606071 wrote:Brown Mackie Entitlement Students don't care they don't plan on ever paying anything back ... that how they roll. That what happens with an Entitlement Society and a antiquated Social Services System that encourages and rewards poverty, incompetency and lack of responsibility.
Hope this helps.
SportsAndLady
Posts: 35,632
Apr 17, 2014 10:37am
Ok 18 mo makes sense. I thought you got your masters 3+ years ago I was going to ask you where you got a 0% interest card for that long.ernest_t_bass;1606082 wrote:18 months. Throughout my masters, I opened 0% cards, paid them off before interest kicked in, then cancelled them. I preferred this route over loans. Why? Because.
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MontyBrunswick
Apr 17, 2014 10:41am
Who would've thought you're educated?ernest_t_bass;1606082 wrote:Throughout my masters
ernest_t_bass
Posts: 24,984
Apr 17, 2014 11:01am
Not you, I guess?dlazz;1606094 wrote:Who would've thought you're educated?