My main questions here are whether there are stipulations about when the loan was taken, when the course of study finishes, and if having a cosigner affects whether one qualifies.

I'll just give my data and see if anybody can find this out for me: Say I have a student loan from Sallie Mae that was taken around January of last year, for a course of studies that terminate in October. One thing I'm wondering, I definitely make (way) less than the income, in fact I make pretty much nothing. But in order to get a loan in the first place I needed to have my parents co-sign, and I'm pretty sure they make more than 125k. Does the income of a cosigner come into play here, or can I still get $10k cancelled?

    • RedDawn [he/him]
      ·
      2 years ago

      Wow what the fuck? Why did the university tell me to take that one? I feel tricked, this sucks huge balls. Brandon can eat my ass

        • RedDawn [he/him]
          ·
          2 years ago

          I'll survive. Hopefully my new career gives me the income to pay it off quick, if not guess I'll just leave the country and never pay it anyway. I already left the US but planning to go back temporarily to work as a software dev, pay all my debts and save some money, then leave again. It just sucks to have gone through the 5 minute long emotional rollercoaster of "hell yeah I just got $10,000! Oh wait nvm this does literally nothing for my poor broke ass".

            • RedDawn [he/him]
              ·
              2 years ago

              Oh shit you're right. Yeah I won't do that to my folks, guess I'll just pay it one way or the other. At least the monthly payment is pretty low, the problem is I have a fuck ton of other debt (which actually is to the federal government but not classified as student loans). The good thing is if I can actually land just an average junior software engineer type job, I really ought to be able to pay it in like a year. I'm just thoroughly pessimistic about everything with the way my life has played out over the last few years that I'll never even get a job or something.

      • DrunkUncle [none/use name]
        ·
        2 years ago

        But if it’s a private loan you can probably get it discharged in bankruptcy.

        If i could do that with my federal loans, i would’ve done it a long time ago but you can’t.