How To Apply Student Loan: Fill & Download for Free

In my own case, I’m lucky. I’m a physician and my income potential is pretty solid. Still, it’s a drag on my current finances.I absolutely hate the fact that I’m carrying so much debt, though relatively little for a physician.The above is what I owe to DRB, the company with which I refinanced all of my unsubsidized loans.I owe $77.2K at a variable interest rate of 4.79%. It was somewhere around 4% even when I first refinanced. I expected rates to rise, but I made the calculation that I’d be done with residency by the time it caught up to my old rate of more than 5%, and that I could refinance anew at that time.I’m allowed to pay only $100/month while I’m in residency. I pay $810/month.For my subsidized loans, I owe another 22.3KThe interest rate is actually quite a bit higher: 6.55%Why am I not paying more of this per month and paying only interest on the other loans? Great question! Because it’s fucking bullshit, that’s why. And this is exactly the reason why I was such a staunch supporter of the CFBP.If I paid more than the monthly payment, rather than applying the extra payment to principal (and this should be the default, by the way, because who the hell doesn’t want to do that?), they would tell me that I was “paid ahead.”No! I don’t want to be fucking paid ahead. I want to fucking pay down some fucking principal. You only want me to be paid ahead because you want to continue collecting as much interest as you possibly can.You write to them. They reply with some verbose nonsense that leaves you wondering whether an actual human being ever read your complaint. Nothing happens, month after month. If you’re like most people, you’ll give up.If you’re me, you refinance as much of your loans as you can get away with. Fuck those fucking fucks. Every time I write about this, I am enraged.Anyway, I pay about $260/month. This means that I pay a total of $1,170 in student loan payments every month. This is out of an after-tax income of $3,845. I’m not suffering, and paying this much is my choice, but it’s still annoying as balls.Most months, I put another $915 in savings, which doesn’t leave me all that much, in the grand scheme of things. But I think it helps me stay disciplined. When I start earning my adult salary next Summer, I’ll be used to living on relatively little and I can pay down my loans even more aggressively.

An Iowa father confronted Elizabeth Warren on her plan to forgive student loan debt…Father: I just want to ask one question. My daughter’s getting out of school, I saved all my money, she doesn’t have any student loans…Warren: God Bless you.Father: am I going to get my money back?Warren: Of course not.Father: So you’re gonna pay for people who didn’t save any money, and those of us who did the right thing get screwed?Warren: No it’s not like that…Father: Of course it is, when my buddy had fun, got a car, went on vacation, I saved my money. He made more than I did. I worked a double shift. I worked extra. So you’re laughing at it. That’s exactly what you’re doing. We did the right thing and we get screwed. {walks off}Senator Warren's plan calls for eliminating student loan debt of up to $50,000 for households making under $100,000 annually, which would apply to around 95% of borrowers.She said she would finance her 2 trillion dollar proposal with a wealth tax.Asked about the moment on "CBS This Morning," Warren responded…"Look, we build a future going forward by making it better… By that same logic what would we have done? Not start social security because we didn't start it last month for you?"She then went on to say…"Back when I was growing up, my family didn't have any money to send me to college, but there was a $50, a semester opportunity out there… So kids didn't have to go into debt a part time job would get you through that world is gone, and we need to open it back up again."For one, the only time I hear Democratic politicians say “God bless you” is when they want to justify taking money from the middle class to give to the poor. It’s like me stealing your car and saying, “Thank you.”Secondly, she argues the middle class won’t have to pay for it, but there’s a reason why 9 of the 12 European nations that had implemented a wealth tax quickly did away with it and that’s because unless you also increase import tariffs then you are basically encouraging the wealthy to move their money and businesses overseas. For example, France's wealth tax led to an exodus of roughly 42,000 millionaires until Macron ended the tax.Thirdly, a president must prioritize!In the last 70 years a president has only been able to pass a few major pieces of legislation over the course of their presidency. Does Elizabeth Warren really want to use a large chunk of her political capital on such a divisive solution?And do Americans really want to pay 2 trillion dollars for forgiving student loans when that money could be better spent elsewhere, such as on our infrastructure or paying off our own national debt, which cannot be so easily forgiven and which every year faces evermore interest.Lastly, her personal anecdote is revealing because in America you used to be able to pay far less for university. College got more expensive when the government got more involved.This is because as soon as government made it easier for you to borrow more money then it made it easier for the universities to charge more money.Why not go back to the way things were?And then for those of you who got screwed by our current system I empathize with you.You were scammed and it’s just plain unfair for you to have to pay large chunks of your income for decades on end. It’s also bad for the American economy when so much money is tied up in paying off loans instead of being spent or invested.So we should all agree that something needs to be done and here are some sensible solutions…The government should pay off $10,000 worth of debt for all students no matter what you or your parents make. That’s a more modest and fair amount.The Government should work with banks to restructure loans in order to reduce student debt by an additional 5% - 25%.We should also extend loans further into the future so each month you can pay less money out of pocket. Overtime, rising inflation will also help you pay less in real dollars.We should massively reduce interest rates and possibly eliminate interest altogether.And then we should tie monthly payment size to a percent of your income instead of demanding a set amount.These solutions are common sense. And since they’re less partisan, they’re much more likely to get done.We can all walk away from this compromise feeling like its fair instead of feeling shafted for doing the right thing.But of course putting sensibility aside, promising “free” always buys more votes.

University tuition and student loans.I want to talk about my experience. About Chinese university tuition and student loans.When I was in the third year of high school, my grandmother got cancer. We spent a lot of money but my grandmother passed away. I have no money at home to pay for my tuition.My tuition costs 8,000 yuan ($ 1100). My dad's salary is about 4,000 yuan. I also have a sister who is a college student. You can imagine how difficult my family is.I can only apply for student loans. 6000 yuan per year, three times, 18,000. There is no interest at university, and 4.75% after graduation.I graduated from college in 2015 and I have a loan of 18,000. But for me, there is no great pressure. My first job was 7,500 yuan a month. Six months later, my parents helped me pay off the loan. They think there is less interest on loan repayment in advance. Interest is 400 yuan.Cheap tuition and student loans. More and more poor students can go to college and receive better education.Finally, I want to talk about education or infrastructure. A real thing, just a few days ago.https://weibo.com/u/7325539786?profile_ftype=1&is_all=1#_0Because of the virus, these students are unable to study at school, the signal at home is not good, they can only learn to use mobile phones in the mountains.On April 24, this video appeared on the Internet.On April 25, the Chinese communications company "China Tower" read the news and contacted the students.On May 1, China Tower installed a 2.3KM optical cable for this student. Because her family is poor, the Internet is free.China Telecom, they provide a free network for 10,000 poor student families for 3 months.There are many, many more such things, for poor students to receive education.