Timeline for Can it be irresponsible to repay a student loan?
Current License: CC BY-SA 3.0
25 events
| when toggle format | what | by | license | comment | |
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| Apr 13, 2017 at 12:25 | history | edited | CommunityBot |
replaced http://money.stackexchange.com/ with https://money.stackexchange.com/
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| Jul 24, 2015 at 16:31 | comment | added | Andy | @Mohair Yeah, she actually can't practice any more either, because a few years back when work dried up to nothing and the fee to keep her license active was more than she had made in the last six months we decided it had to go to keep the budget in balance. This is part of why I'm a bit edgy now about cutting things which may seem unnecessary at first glance. | |
| Jul 23, 2015 at 14:17 | vote | accept | Andy | ||
| Jul 22, 2015 at 18:56 | comment | added | Andy | @BenMiller a little under half | |
| Jul 22, 2015 at 18:40 | answer | added | Jay | timeline score: 3 | |
| Jul 22, 2015 at 18:30 | comment | added | Ben Miller | How much of your "total household debt" is a primary home mortgage? | |
| Jul 22, 2015 at 17:47 | comment | added | Andy | @Mohair Yes, we (my wife and I) both agree on that and that is in process, although there is uncertainty as to how soon she can find something and how many hours will be available and possible to work. | |
| Jul 22, 2015 at 17:12 | history | tweeted | twitter.com/#!/StackFinance/status/623903381573255169 | ||
| Jul 22, 2015 at 16:20 | comment | added | Mohair | Your wife spent $135,000 to get a degree that she doesn't even use? That is a really expensive degree going to waste, and that needs to change. Even if you walk away from the $135K, you still have plenty of other debt and no savings. It's not realistic for her to stay home in your situation. She needs to get a job. | |
| Jul 22, 2015 at 14:48 | history | edited | mhoran_psprep | CC BY-SA 3.0 |
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| Jul 22, 2015 at 14:45 | answer | added | user541852587 | timeline score: 15 | |
| Jul 22, 2015 at 14:42 | comment | added | Andy | @mikeazo 38% without the student loan, 47% with. | |
| Jul 22, 2015 at 14:35 | comment | added | Andy | @BenMiller It's an ASA loan | |
| Jul 22, 2015 at 14:31 | comment | added | mikeazo | What is your debt-to-income ratio? | |
| Jul 22, 2015 at 14:28 | comment | added | Ben Miller | Exactly what type of student loan is this? | |
| Jul 22, 2015 at 14:20 | comment | added | Andy | @user541852587 Using round numbers. Student loan: $135,000, Household income=my income=$80,000/yr, Total Household debt (excluding student loan)=$210,000, 2 kids. | |
| Jul 22, 2015 at 14:14 | comment | added | Andy | @BenMiller Fixed. Jointly. | |
| Jul 22, 2015 at 14:14 | history | edited | Andy | CC BY-SA 3.0 |
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| Jul 22, 2015 at 13:40 | comment | added | user541852587 |
@Andy Could you provide some numbers so that we can help, such as the total amount of the student loan, household income, your income, household total debt, and number of kids. Without these details, it's hard to offer suggestions and we're all just guessing about your situation.
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| Jul 22, 2015 at 13:14 | answer | added | mikeazo | timeline score: 13 | |
| Jul 22, 2015 at 12:45 | comment | added | Pete B. | My only hope is that you are seeking some sort of advice, but holy cow do you need some help. | |
| Jul 22, 2015 at 12:31 | answer | added | Hilmar | timeline score: 4 | |
| Jul 22, 2015 at 11:11 | comment | added | Eric | It sounds like you are living way beyond your means even without this debt. You also seem to be in denial about this. | |
| Jul 22, 2015 at 6:42 | comment | added | keshlam | No, honoring legally and morally binding commitments that you have made is by definition not irresponsible. It may be painful, or impossible, but that is a different matter. | |
| Jul 22, 2015 at 5:43 | history | asked | Andy | CC BY-SA 3.0 |