this post was submitted on 25 Apr 2024
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Only SIXTEEN THOUSAND?? When you said five figures, you had us thinking $99,999.
I'm on year three of six, paying back $63,000 by way of the IRS garnishing 100% of my disability benefits and tax refunds ๐ฅบ
Yep, only 16k. It hurt to drop that much all at once, but with the way the loans are structured and so little goes to pay down the principal, I think it was worth it in the end.
I'm sorry to hear about your situation. Capitalism fucking sucks.
You paid $16k all in one big payment? Wowza look at Mr Moneybags here ๐ค
I was very lucky.
In March 2020 lots of oil stocks were dropping down to pennies. I bought a bunch on the cheap and it appreciated to a good price when the world reopened. Sold it all to pay off the debt. Sadly still working on my credit cards.
Smart man! Nice leveraging oil stock prices