How To Lower Your Student Loan Payments(IBR)

[MrFaisel34]

All you're doing is repeating the same useless information. I can explain it more in detail later. But to sum it up, IBR only means you will be a "loser" for the rest of your life.

[LifeAccording2Chris]

@MrFaisel34 You.... are an idiot. It doesn't mean that at all. smh... 

[MrFaisel34]

@LifeAccording2Chris

I'm sorry to disappoint you Chris, but you're the idiot. You like one of the sheeple.  I guess it's not your fault you can't see through the BS. You're young and still wet behind the ears. You can't see the bigger picture.

[LifeAccording2Chris]

@MrFaisel34 "the high paying middle class jobs are disappearing." Could you have been any more vague with that statement. You sound like a conspiracy theorist... go read a book.

[MrFaisel34]

PT I: First, does IBR help people who went to an expensive college and realize after the fact they can't pay the enormous loan--probably--but that's not my point? THINK ABOUT IT: When you apply for IBR, you are saying to the world that you will never be successful enough to ever pay of this loan on your own like the rest of the debtors. The percentage they take out of your salary will be just enough to keep you and your family at the working class poverty level for the next 20+ years.

[MrFaisel34]

Respond to this video... Pt II: At 45, you will not have saved for retirement because the money you had left over from the first 20 years of IBR you needed to pay your rent, food and other bills. You were just getting by. No? If you are not just getting by, then why did you apply for IBR?

[MrFaisel34]

Respond to this video...

PT III: After IBR, your now in your mid forties, food and other prices are much higher now and you must struggle for the next 20 years to save for old age, because social security has been cut so low, it's just enough to pay for your weekly mealy-meal ration--gee, thanks Congress. And don't get sick or your dead before you know it, because that little you had begun to save for old age, will only pay for one day of health care.

[MrFaisel34]

Respond to this video... PT IV: "They" want your generation to pay-off your loans by starting new prosperous businesses that create new wealth for the country. Oh wait, you can't do this because "they" won't give you a business loan because you are too much in SL and CC debt and "they" are now too old to recognize that your new business proposal is a good investment. Being accepted in the IBR program marks you from the start as a college-educated loser.

[MrFaisel34]

Respond to this video... I don't know if you've noticed yet, but the high paying middle-class jobs are disappearing. You may not see it now, but you will. You will.

[robert21256]

Lenders will NOT process the application. They will stonewall the hell out of you. They do NOT want you to do this. PURE HELL trying to apply.

[LifeAccording2Chris]

.... I applied and got accepted in 4 days.

[robert21256]

I applied back in Dec. It was being "processed" up until I got a weird letter a week ago. It made NO mention of IBR. It said my payments for the next year was zero.

I called and asked if I had been accepted and the woman couldn't even answer my VERY simple question.

My payments should be 335...not zero.

That's just a forbearance...not what I applied for.

They are just NOT going to do it.

Time to get my congressman involved.

[CarissaIngratta]

@robert21256 Is this for Canadians as too?

[MuahKissKiss]

Thanks for the info! This will def help with those pesky student loans!

[LifeAccording2Chris]

Anytime :-) it helped me.... so far Im paying $0 on my federal loans.

[tobasco77]

I.B.R. Is NOT a scam at all. It's a WONDERFUL program for college graduates who owe a TON of money that they can never hope to repay in this economy.

I graduated with $46K in debt. I started deferring the payments in the fall of 2008 when I was laid off from my job because my company went bankrupt. SO I have not made a payment in about 1 year... THANKS to IBR, I'll probably NEVER have to make a payment again!!!!

THANK YOU OBAMA!!! Fuk BUSH!!!!

[MrFaisel34]

@tobasco77

It only means you will be a loser for the rest of your life (that was not an direct insult against you). Accepting I.B.R. only means "loserdom." I will attempt to explain this to Chris, one of the lead "sheeple."

[Moveontonumber2]

This furthers the scam, allowing them to make MORE money by prolonging your payoff. My original debt

$30,000. Paid to date $14,000. How much do I owe?

$50,000! Good luck! Right now I'm paying $700.00

per month. Final cost of my loans at time of payoff $90,000. WELCOME TO THE DEBT TRAP!

[LifeAccording2Chris]

Well.. you can always choose not to pay, fuck up your credit and screw yourself over forever. Up to you.. I'm just trying to ease the pain. Quit crying!

[Moveontonumber2]

You forgot leave the country , commit suicide or go postal on a silver spooner who knows nothing of hard work or being homeless from age 13 to 18. Tell your Mommmy and Daddy hello and thank them very much for holding your hand.

[LifeAccording2Chris]

Sorry all I got from that was "BOO WHOO BOO WHOO" (tears and sobing)

[UneekDiva]

LOL

[MrFaisel34]

@Moveontonumber2

I hear ya an dI feel your pain.

[TheKalidAndWalidShow]

What did u study at college?

im just curious lol

[LifeAccording2Chris]

I was a Business Management Major with a History Minor.

[martaajoku1]

thanks for this vid

im in school right now

and ill mos def need this

soon

[jheffleb]

Dude! What don't you know?

[LifeAccording2Chris]

LOL This one here I just found out...

[LifeAccording2Chris]

I need your BB IM again.... send me an invite!

[klashanew]

Thanks for this video. I heard about this program but I forgot what it was called. I'm still in school, but I'm already stressed looking at my loan balance.

[LifeAccording2Chris]

LOL it's all good... take it ONE step at a time.

[FarenMonique]

Dude, I love you for this!! Thank you sharing the knowledge...so appreciated.

[LifeAccording2Chris]

ANYTIME Thank YOU for watching and SPREAD THE WORD!

[wardisan5008]

THANKS FOR THE INFO!! im already head over hills in college loan debt and i still have a year and a half to go so ill definately take a look at this site

[LifeAccording2Chris]

ANYTIME... SPREAD THE WORD!!!