Current Events > Just finished paying off 400k in student loans.

(+) Yeah! (+)

https://gamefaqs.gamespot.com/a/forum/5/5bdac30f.jpg

Got it down to the last chunk and just paid it off.

Not bad, considering it was a 5 year refinance through SoFi that I paid off in just over 4. If you see the disbursement date you'll notice I foolishly could have waited for the world to end a few months later and not refinanced. I ran some numbers and realized I ended up paying nearly 25k more by refinancing but I wasn't exactly expecting a pandemic to pause interest rates.

While it sucked, I'm still a believer that all humans are accountable for their own decisions. I knew it would be expensive. But I also knew I signed the papers promising to pay back what I owed and then I did it. Zero sympathy for anyone that gets an 80k arts degree and begs for forgiveness while making 32k. These are things you think of before taking out loans.

The irony is that now that I'm debt free I'm out of clinical practice. The world changed for the worse following covid so I went from working clinically to administratively.

Had a much longer writeup explaining why but deleted it all after I remembered this guy wrote it more accurately and eloquently than I ever could.

https://forums.studentdoctor.net/threads/why-emergency-medicine-is-a-dying-specialty-the-thread-all-med-students-should-read.1477316/

Unless you're going to be an "-ologist" or surgical subspecialist, medical school is a horrible decision for anyone right now, btw

Grats!

NightingaleMD posted...

I'm out of clinical practice.

Good.

Knew this was a stealth topic to whine about loan forgiveness.

Thankfully Biden has done his best to get people out from under this crippling debt.

Cheers.

NightingaleMD posted...

Unless you're going to be an "-ologist" or surgical subspecialist, medical school is a horrible decision for anyone right now, btw

Anesthesiologist is where the money is at btw.

Congratulations! I have about 77k left out of my original 340k. I've been out of work so far for a month with a fractured humerus, and there's no exact timetable for my return. I'll eventually pay it off, but not as quickly as I was expecting :(

NightingaleMD posted...

While it sucked, I'm still a believer that all humans are accountable for their own decisions. I knew it would be expensive. But I also knew I signed the papers promising to pay back what I owed and then I did it. Zero sympathy for anyone that gets an 80k arts degree and begs for forgiveness while making 32k. These are things you think of before taking out loans.

Why put everything else into the topic when this is clearly what you were looking to talk about.

No one ever praises me for being fiscally responsible, they are just like "glad you can demonstrate a modicum of financial sense," and "no one deserves a prize for not fucking up."

Forty_Niners posted...

Thankfully Biden has done his best to get people out from under this crippling debt.

Agreed. Really good stuff.

Still, Biden has managed to erase $127 billion in student debt so far for more than 3.5 million borrowers more than any other president in history.

His administration has used existing programs that were previously hard to access for many borrowers to deliver that relief.

https://www.cnbc.com/2023/10/29/biden-administration-has-forgiven-127-billion-in-student-debt.html?utm_source=pocket_mylist

As a primary care physician I disagree with multiple things you said.

Just because you made it through a predatory system, doesn't mean that everyone else should suffer. It's akin to defending the terrible culture of medical residency.

Many physicians become exceedingly greedy and bitter after their training is done, and you seem to be one of those. I'm sorry that this has happened to you, but don't try to project your beliefs as facts on everyone else.

Murphiroth posted...

Knew this was a stealth topic to whine about loan forgiveness.

GranolaPanic posted...

TC is a Vivek supporter, so that makes sense.

[LFAQs-redacted-quote]


These. I'll never understand the shitty attitude some folks have towards others getting help. I'm sure this is mostly just a bragging topic anyway. So nice ot have people go into the medical field not to help people, but for the money and status they can lord over people.

Education should be free. Grats though.

NightingaleMD posted...

While it sucked, I'm still a believer that all humans are accountable for their own decisions. I knew it would be expensive. But I also knew I signed the papers promising to pay back what I owed and then I did it. Zero sympathy for anyone that gets an 80k arts degree and begs for forgiveness while making 32k. These are things you think of before taking out loans.

Ew...

GranolaPanic posted...

TC is a Vivek supporter, so that makes sense.

Eww...

lol

congrats TC, that is a gigantic chunk of money.

Now help me!

I dropped out of college after 1 year, partially because I didn't want to pay $13,000 for another year.

Congrats

There are no doctors on CE

"People should think about whether or not they will be able to pay back the loan before taking it"

CE: "That's disgusting. How dare you?"

BrandonIngram posted...

"People should think about whether or not they will be able to pay back the loan before taking it"

CE: "That's disgusting. How dare you?"

This is the post you trot out an alt to make? Weak.

BrandonIngram posted...

"People should think about whether or not they will be able to pay back the loan before taking it"

CE: "That's disgusting. How dare you?"

Which alt

NightingaleMD posted...

Zero sympathy

Psychopath

I like how nobody is proud of OP.

Oh TC is "personal responsibility hur dur" so never mind.

Fuck off TC.

This is your brain on Vivek

NightingaleMD posted...

While it sucked, I'm still a believer that all humans are accountable for their own decisions. I knew it would be expensive. But I also knew I signed the papers promising to pay back what I owed and then I did it. Zero sympathy for anyone that gets an 80k arts degree and begs for forgiveness while making 32k. These are things you think of before taking out loans.

Well first off congrats on paying off your loan, especially with that amount that is an incredible achievement.

That said, I absolutely disagree with you on your thoughts about student aid and loan forgiveness.

GranolaPanic posted...

TC is a Vivek supporter, so that makes sense.

Old news. The more I listen to him and read about him--especially after the debates--I'm team Haley. I think she's the best bet beyond the current nursing home frontrunners. Once trump is somehow legally or financially crippled from running I think she'll slide into the general election.

Ooooooranges posted...

As a primary care physician I disagree with multiple things you said.

Just because you made it through a predatory system, doesn't mean that everyone else should suffer. It's akin to defending the terrible culture of medical residency.

Many physicians become exceedingly greedy and bitter after their training is done, and you seem to be one of those. I'm sorry that this has happened to you, but don't try to project your beliefs as facts on everyone else.

Sounds like you don't work with private equity

I'm jealous

They squeeze you until you die

I would never defend residency either. Physician unions are around the corner, I'm sure

NightingaleMD posted...

Old news. The more I listen to him and read about him--especially after the debates--I'm team Haley.

Haley is also gross, though.

And the fact that it took you that long to realize Vivek sucks is laughable.

MartavisBryant posted...

Congratulations! I have about 77k left out of my original 340k. I've been out of work so far for a month with a fractured humerus, and there's no exact timetable for my return. I'll eventually pay it off, but not as quickly as I was expecting :(

Must have felt nice to break six figs on the loans. I had a little party when it happened.

For those mentioning my edgy loan forgiveness thoughts, I know I sound bitter--and I indeed am--about any loan forgiveness. Look at it from the perspective of someone that filled out a contract, did the work, and paid it back: why would I respect anyone that just gets it wiped? Why should I be the only rule follower? How would that not foster bitterness? Where is the fairness or respect for consequence?

Congrats, your mental health must be much better now

NightingaleMD posted...

For those mentioning my edgy loan forgiveness thoughts, I know I sound bitter--and I indeed am--about any loan forgiveness. Look at it from the perspective of someone that filled out a contract, did the work, and paid it back: why would I respect anyone that just gets it wiped? Why should I be the only rule follower? How would that not foster bitterness? Where is the fairness or respect for consequence?

Try empathy.

Murphiroth posted...

Haley is also gross, though.

And the fact that it took you that long to realize Vivek sucks is laughable.

I'll bite. Why is Haley gross?

And it wasn't ~that~ long. The first debate was enough. I somehow completely missed his climate views.

Haley seems OK with abortion rights, or as okay as any republican can get. Hoping for a conservative government that stops prioritizing social issues (specifically religious-based views and restrictions), she seems like my best bet

NightingaleMD posted...

I'll bite. Why is Haley gross?

And it wasn't ~that~ long. The first debate was enough. I somehow completely missed his climate views.

Haley seems OK with abortion rights, or as okay as any republican can get. Hoping for a conservative government that stops prioritizing social issues (specifically religious-based views and restrictions), she seems like my best bet

She's an American conservative and member of the GOP. Automatically disgusting.

And also lmao at the idea that the GOP will ever stop prioritizing Christofacism.

NightingaleMD posted...

Hoping for a conservative government that stops prioritizing social issues (specifically religious-based views and restrictions)

Well that's just too damn bad, because that's not how the Republican Party works

Murphiroth posted...

She's an American conservative and member of the GOP. Automatically disgusting.

And also lmao at the idea that the GOP will ever stop prioritizing Christofacism.

meh

weak argument

they're slow moving on a lot of things that require catchup. Took years to purge the last segregationist, an apt comparison to pro-life views and public polling and support. Over time it'll happen as the evangelical base shrinks and elections are lost despite horrific gerrymandering.

What else can I do? not a lot of options for someone wanting conservative government but liberal social stance. Too many democratic policies push me right, sorry.

NightingaleMD posted...

Must have felt nice to break six figs on the loans. I had a little party when it happened.

For those mentioning my edgy loan forgiveness thoughts, I know I sound bitter--and I indeed am--about any loan forgiveness. Look at it from the perspective of someone that filled out a contract, did the work, and paid it back: why would I respect anyone that just gets it wiped? Why should I be the only rule follower? How would that not foster bitterness? Where is the fairness or respect for consequence?

Shackling entire generations of young people with debt before they're even old enough to have actually gained experience in the world is unethical at best.

NightingaleMD posted...

meh

weak argument

they're slow moving on a lot of things that require catchup. Took years to purge the last segregationist, an apt comparison to pro-life views and public polling and support. Over time it'll happen as the evangelical base shrinks and elections are lost despite horrific gerrymandering.

What else can I do? not a lot of options for someone wanting conservative government but liberal social stance. Too many democratic policies push me right, sorry.

Conservative economics hurt people that "liberal social stances" claim to want to help.

Begone libertarian

TC the university you went to, the degree you chose it cost you $400,000 is that right?
Congratulations in being able to finish your payment.

NightingaleMD posted...

-I'm team Haley

Yeah that you are now and that you supported Vivek in the past tells us all we really need to know.

NightingaleMD posted...

For those mentioning my edgy loan forgiveness thoughts, I know I sound bitter--and I indeed am--about any loan forgiveness. Look at it from the perspective of someone that filled out a contract, did the work, and paid it back: why would I respect anyone that just gets it wiped? Why should I be the only rule follower? How would that not foster bitterness? Where is the fairness or respect for consequence?

If you don't understand the specific issues with student loans now, you never will and it's honestly a waste of effort to explain it to someone like you over and over.

NightingaleMD posted...

meh

weak argument

they're slow moving on a lot of things that require catchup. Took years to purge the last segregationist, an apt comparison to pro-life views and public polling and support. Over time it'll happen as the evangelical base shrinks and elections are lost despite horrific gerrymandering.

What else can I do? not a lot of options for someone wanting conservative government but liberal social stance. Too many democratic policies push me right, sorry.

"Weak argument"

Nope. The fact that you're willing to put up with the bigotry and horrific Christofacism from the GOP says everything we need to know about you.

"Democratic policies push me right" lmao shut the fuck up and go embrace the Christofacism.

Legitimately hilarious that you acknowledge how awful they are in this post, and even acknowledge the gerrymandering, but still go "But Democrats tho!"

Murphiroth posted...

"Weak argument"

Nope. The fact that you're willing to put up with the bigotry and horrific Christofacism from the GOP says everything we need to know about you.

"Democratic policies push me right" lmao shut the fuck up and go embrace the Christofacism.

Legitimately hilarious that you acknowledge how awful they are in this post, and even acknowledge the gerrymandering, but still go "But Democrats tho!"

It shows a lack of understanding equivalency, among many other things. Like a tolerance for the bigotry but given the history of the TC...

NightingaleMD posted...

Must have felt nice to break six figs on the loans. I had a little party when it happened.

For those mentioning my edgy loan forgiveness thoughts, I know I sound bitter--and I indeed am--about any loan forgiveness. Look at it from the perspective of someone that filled out a contract, did the work, and paid it back: why would I respect anyone that just gets it wiped? Why should I be the only rule follower? How would that not foster bitterness? Where is the fairness or respect for consequence?

There are lots of essential fields where the pay doesnt so quickly balance out the loan amount

easy to pay off $400k when youre making $200k+ as a physician

not so easy to pay off $100k when youre making $50k as a teacher