"Can I Escape $245k in Student Loans?" Lawyer's Advice to Nurse

[@chaosgiga5789]

Some of my friends from college actually moved to other countries back in 2015. This was two years after we all graduated. They were frustrated like me that we had all this debt and jobs in our fields (Medical, administration, healthcare) were not giving us salaries that were advertised for our degrees as well as not worth enough to help us pay off the debt efficiently enough. Two moved to France and had their debt completely forgiven in a year with the help of their French citizenship and working for a non-profit health organization in Paris. Another moved to Japan and earned her citizenship and had her debt forgiven in two years with the help of the non-profit hospital she works for as a surgeon. It's amazing how much better life is in other countries compared to America when it comes to higher education. I'm honestly thinking of moving to another country myself seeing as PSLF just isn't working out for me. I work for the state of Missouri and barely earn $32,000 a year after taxes, and yet I will be expected to pay $1,200 a month on PSLF without the SAVE plan being active anymore. If my own country won't help me, and there is a whole world of other countries that are willing to, why would I not join them instead?

[@AlbatrossWhisper]

They basically got lucky they were foreigners to begin with. Thats why you dont go to a college you cant afford. They will tell you anything to get you to go

[@ShiekaG]

Mmmmm....I wonder if this would work for me as a psychologist. I don't have children so I'm willing to move. My student loans feel like a dark cloud hovering over me that won't go away.

[@AlbatrossWhisper]

@@ShiekaG If you can get citizenship yes. My parents come from foreign nations so for people like me, its easy. Luckily i didnt go to expensive schools. For someone childless, its an option. If you have six figure debt, you’ll need to be creative if you cant get your income higher

[@ShiekaG]

@@AlbatrossWhisper Yes, I have six figures in student loan debt 😩😅. Right now, I'm trying to apply for a program through the VA and commission in the Army reserves for their loan repayment programs. I'm already in the reserves but don't have student loan forgiveness. They have special incentives for psychologists. Wish me luck!

[@AlbatrossWhisper]

@@ShiekaG Yes good luck! Do whatever you can go get out from under that crippling debt load! Idk if you own a house or want kids but i for one wouldn’t want to start life off with that much debt. I have 15k left to pay and i plan to move overseas once im free and clear with a six figure investment portfolio

[@jennieclark]

I like your calm reassuring tone.

[@mvp019]

Stanley has a great voice...

[@JaneSmith-t9r]

As a LPN (licensed practical nurse) who is in IDR found this information very helpful! Also to know I do have the option of moving to Copenhagen in a few years without it impacting my student loan is Fantastic!

[@MelG-76]

I feel like sue. I finally felt like there was a light at the end of the tunnel. I just learned about this because i got an email. Now im back to anxious.

[@MelG-76]

Even crazier is right before COVID there was a thing where if you default they take your license away. Then COVID came and they needed bodies to work so that went on hold.

[@miguelcintron9560]

Important to this nurse take some action and find some help. I study medicine and i Know the situation and saw what happened to many of my friends. In Medicine high pressure is called the silent killer and I call student loans the U.S. killer. A lot of people know the symptoms of student loans syndrome and take action others like all those in politics that are doing the imposible to stop any help to US citizen but they run to approve billions of dollar package to help other nation in their problems should be taken out from congress. I really think this nurse need help fast very fast. The counseling by Tate is awesome and I know he will receive a lot of blessings from everywhere due to he is helping his clients and those who are not his clients. This video will be part of a dark side of Hystory that never need to happened. Every American go to study to practice what they love for the wellbeing of their country. They dont go to study to pay for the rest of their life for a education that takes a huge part of their income to benefit a few. I expect this presidency show that lame duck never exist and work to find a solution, so We can help to improve the economy with our work.

[@youtubeuniversity3638]

Sue least has good job prospects as a nurse sounds like, that's good. My degree's industry is... the subject of The Jimquisition.

[@AlbatrossWhisper]

PSLF is this womans only hope. She is doomed otherwise

[@ZoSkiLuv]

So, because of the balance the recommendation is to rely on a PSLF plan? She is already 45 so 10 years for the plan to pay under IDEAL circumstances is the plan? That could mean any amount of different administrations in the future when maybe she should pay the minimum for each loan and focus on paying off the loan from smallest to largest and use the snowball method. And, she is a nurse so pick up extra shifts and put that $$$ on the smallest loan until they're all paid off. If she grinds she may be able to pay it ALL off within 3 years taking extra shifts. Being a nurse effectively gives you a license to earn overtime money.

[@Me46785]

Wouldn’t her taking extra shifts make her monthly payment even higher though? Because for PSLF you have to be in an IDR plan? The payment is recalculated yearly based off of your tax return

[@cinnaminstixx]

At 45, I don’t know about her working enough extra shifts to pay it off in 3 years (that would require her making over $250k, you’re not including taxes and living expenses in your calculation). Honestly, she should do PSLF to give her the correct balance of work/life, saving for retirement, & paying loans. Your plan has her waiting until 50 to start things she should have done in her 30s. She’s already behind, her best choice is to pay bare minimum, save maximumfor retirement, and by 55, it will be forgiven.