Comments on: Income Contingent Repayment - a better way to pay off student loans http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/ Moving beyond the basics Wed, 19 Nov 2008 13:31:46 +0000 http://wordpress.org/?v=2.2.2 By: Minimum Wage http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/#comment-1598 Minimum Wage Thu, 20 Sep 2007 16:39:32 +0000 http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/#comment-1598 I am one of the pioneers who blazed the way for this program. I was one of the early defaulters and had a minimum wage income. Student loans were based on the (flawed) premise that if you go to college, you'll make a lot more money, and certainly you'll make enough money to repay the student loans. Early defaulters like me demonstrated that going to college is not a guarantee of higher income, and that some borrowers do not have the capacity to make full standard payments. I am one of the pioneers who blazed the way for this program. I was one of the early defaulters and had a minimum wage income.

Student loans were based on the (flawed) premise that if you go to college, you’ll make a lot more money, and certainly you’ll make enough money to repay the student loans.

Early defaulters like me demonstrated that going to college is not a guarantee of higher income, and that some borrowers do not have the capacity to make full standard payments.

]]> By: KMC http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/#comment-1149 KMC Thu, 13 Sep 2007 16:17:54 +0000 http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/#comment-1149 Wow. I'm really glad someone finds this information useful to their situation. Hope it helps. Wow. I’m really glad someone finds this information useful to their situation. Hope it helps.

]]> By: Mrs. Micah http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/#comment-1143 Mrs. Micah Thu, 13 Sep 2007 14:29:22 +0000 http://advancedpersonalfinance.com/income-contingent-repayment-a-better-way-to-pay-off-student-loans/#comment-1143 Wow. Thanks for posting this! Mr. Micah has over $100,000 in student loan debt. And he's going to be a prof, so we don't have high expectations for income. This could be very very handy! Wow. Thanks for posting this! Mr. Micah has over $100,000 in student loan debt. And he’s going to be a prof, so we don’t have high expectations for income. This could be very very handy!

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