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11. Consolidation
8/4/16
I gave in to the stress in balancing payments without setting up a payment plan. The answer to the stress is consolidation. Basically, one big boy money lender takes all your debt and pays it for you. Then all you have to do I pay back that sugar daddy for saving your ass. What I didn't know was each school loan I pulled were all separate rates and were all independent of one another. Yeah, so much for educating someone in college about borrowing.
Consolidation makes everything uniform in one place with one rate. I have an estimate 30k at 4.00% rate which is not horrible. To finish a four year education. At least I didn't decide on med school and become a surgeon. Either way, it's private lenders the 1% funding the education system and government subsidization to educate us. They give us money to be even stronger by putting us in more debt to hope we do not default on our loans. Stay in school as long as you can (just kidding). I can tell you one thing though most of what I learned came from reading and observing (life experimenting) . A lot of scientific calculated trial and error to get the result you see now. The little nuggets I got from seasoned workforce professors is what put the icing on the cake and made it felt #worth finishing up the education. Did I tell you how garbage the piece of paper saying what my degree was (find my IG post)?
4 weeks to process my request. And self estimate of about 7 years minimum wage to pay it off. That's if no emergency bills happen and I deposit 80% net income into getting this loan off my back.