(08-17-2022, 07:17 AM)Pats20 Wrote: I’m going to assume that she decided to live a pretty comfortable lifestyle in leu of paying off her loans. I’m sure that she’s made a very comfortable living the last 30 years. That’s on her. We shouldn’t have to bail her out. Tell her to downsize or sell one of the multiple properties she probably has.

(08-17-2022, 07:17 AM)Pats20 Wrote: I’m going to assume that she decided to live a pretty comfortable lifestyle in leu of paying off her loans. I’m sure that she’s made a very comfortable living the last 30 years. That’s on her. We shouldn’t have to bail her out. Tell her to downsize or sell one of the multiple properties she probably has.

(08-18-2022, 01:58 PM)dfrecore Wrote: "Currently, LaRose earns five figures running a North Carolina private practice, and she also works with underprivileged elderly people in nursing homes. She says that while she loves being a doctor, she's not making the money she thought she would because she doesn't have a high number of clients. She now says she wishes she financed her degree differently."

She could actually begin by ramping up her practice and making more money.  Why on earth would you be satisfied with a low number of clients?  Sounds like she should have gotten some financial counseling, took a couple of classes in marketing, and done better.  Making $99k or less as a doctor with 25 years of experience is just nuts.

(08-18-2022, 02:04 PM)uncapentin Wrote: Post removed by request.

(08-18-2022, 12:57 PM)ss20ts Wrote:

(08-17-2022, 07:17 AM)Pats20 Wrote: I’m going to assume that she decided to live a pretty comfortable lifestyle in leu of paying off her loans. I’m sure that she’s made a very comfortable living the last 30 years. That’s on her. We shouldn’t have to bail her out. Tell her to downsize or sell one of the multiple properties she probably has.

Did you read the article? She makes 5 figures as a doctor! She owed $277K for med school. The remaining $600K+ is INTEREST. She has been paying on here loans for many, many years. The interest never stops accruing.

(08-18-2022, 02:12 PM)rachel83az Wrote:

(08-18-2022, 02:04 PM)uncapentin Wrote: Post removed by request.

Unfortunately, that's not uncommon with both doctors and lawyers. They're able to hide their assets and never have to pay their student loan debt. Meanwhile, the average student who got a low-ish amount of student loan debt, but who struggles to pay through no fault of their own, will have to deal with the real consequences of student loan debt indefinitely.

If the rich don't have to repay the debt, but the poor do, I don't see why degrees shouldn't be free for everyone. At least then it would actually help people.

(08-18-2022, 10:39 AM)Johann Wrote:

(08-17-2022, 07:17 AM)Pats20 Wrote: I’m going to assume that she decided to live a pretty comfortable lifestyle in leu of paying off her loans. I’m sure that she’s made a very comfortable living the last 30 years. That’s on her. We shouldn’t have to bail her out. Tell her to downsize or sell one of the multiple properties she probably has.

Why would you assume this? She makes a very ordinary income, at the low end of her profession,has raised two kids (who will hopefully manage money better) and made a complete mess of money - no skills whatever, that way.. Not disagreeing with you on the bailout or being sympathetic here, Just saying that her income and complete lack of any financial skills are not conducive to owning multiple properties, high-end living, or having wads of money socked away. 

What's "on her" is her failure to face reality from day 1. And very possibility, lack of ambition and effort to improve her income to at least the average for her profession. Nothing more, nothing less. And yes - I agree she's too comfortable with where she is, on the low end of the income scale for her profession. But high living standard and multiple properties? I don't see it. She's not earning enough or financially savvy enough - as shown by the mess she's made.

Of course, my opinion could change in a heartbeat if I knew her spouse was a professional who made huge money. Do you happen to know something, here, that I don't?

(08-18-2022, 07:13 PM)Pats20 Wrote: Okay. I shouldn’t have assumed she was living large. I wonder if she has any savings or home equity she could pay down on the principle to keep the interest from accruing so much.