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IBR Bros Lose Right to Drive in Several States
| Grizzly Pit Trust Fund | 03/30/15 |
| Bright Genital Piercing | 03/30/15 |
| Grizzly Pit Trust Fund | 03/30/15 |
| Insecure famous landscape painting | 03/30/15 |
| Grizzly Pit Trust Fund | 03/30/15 |
| Mint exhilarant parlor | 03/30/15 |
| blathering arrogant sound barrier | 03/30/15 |
| purple hairy legs | 03/30/15 |
| blathering arrogant sound barrier | 03/30/15 |
| Cracking snowy home jew | 03/30/15 |
| Cobalt jet-lagged whorehouse | 03/30/15 |
| crystalline swashbuckling weed whacker main people | 03/30/15 |
| Grizzly Pit Trust Fund | 03/31/15 |
| Greedy bbw boiling water | 03/30/15 |
| Grizzly Pit Trust Fund | 03/30/15 |
| Ivory sandwich voyeur | 03/30/15 |
| internet-worthy bistre stage | 03/30/15 |
| sapphire mad cow disease liquid oxygen | 03/30/15 |
| Ivory sandwich voyeur | 03/31/15 |
| Ivory sandwich voyeur | 03/31/15 |
Poast new message in this thread
Date: March 30th, 2015 3:07 PM Author: Grizzly Pit Trust Fund lol
http://finance.yahoo.com/news/22-states-where-could-lose-100030912.html
Failing to repay student loans has all sorts of terrible consequences, but in some states, more than just your financial well-being is at risk — student loan default could cost you your professional certification or even your driver's license.
Two state legislatures (Iowa and Montana) are considering bills that would repeal laws that allow states to suspend the driver's licenses of student loan defaulters, Bloomberg reported in a March 25 piece on the topic. Even if those repeals succeed, several other states have such laws in place. Some states suspend licenses needed to practice in certain fields, from health care to cosmetology, though license suspension can extend to driving, too.
Repeal advocates argue that license suspension is a counterintuitive punishment for student loan defaulters, because it may keep them from working, which theoretically enables them to repay their debts. That's the case Montana state Rep. Moffie Funk is making for the bill she introduced to repeal the state's law that allows driver's license suspension, Bloomberg reports.
According to a list from the National Consumer Law Center, 22 states have laws that enable suspension of state licenses issued to student loan defaulters. The professions and licenses affected by suspensions vary by state and cover a wide range of earning potential, but some of them include doctors, social workers, barbers, transportation professionals and lawyers — the lists can be quite extensive. If your state is on the list and you're at risk of defaulting, you might want to research the details:
Alabama Alaska California Florida Georgia Hawaii Illinois Iowa Kentucky Louisiana Massachusetts Minnesota Mississippi Montana New Jersey New Mexico North Dakota Oklahoma Tennessee Texas Virginia Washington
Student loan default trashes your credit, and the loans continue to incur interest and fees as long as they remain unpaid, so getting out of default can be very challenging. If you have federal student loans, as most people who borrow do, there are many options available to you before you're 270 days past due on your student loan payments (that's the definition of default): You can apply for income-based repayment or pay-as-you-earn programs, in addition to applying for an extended repayment period, which will raise the cost of your loans in the long run but make them more affordable now.
If you want to see how your student loans are affecting your credit, you can get your free credit scores, updated monthly, on Credit.com. You can check your credit reports for free once a year from each of the three major credit reporting agencies at AnnualCreditReport.com. Because student loans are generally not dischargeable in bankruptcy and default can be catastrophic for your credit, it's crucial to prioritize making your loan payments on time. |
Date: March 30th, 2015 3:09 PM Author: Bright Genital Piercing wtf why? (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27582961) |
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Date: March 30th, 2015 4:04 PM Author: Grizzly Pit Trust Fund (Former Licensed Driver) (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583284) |
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Date: March 30th, 2015 4:15 PM Author: Insecure famous landscape painting Being on IBR does not mean you are in default. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583373) |
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Date: March 30th, 2015 4:16 PM Author: Grizzly Pit Trust Fund lol bro, your license is probably voided as we speak. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583380) |
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Date: March 30th, 2015 4:17 PM Author: Mint exhilarant parlor Doubt it affects most IBR bros.. they can't afford cars anyway paying that extra 5% per month. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583388) |
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Date: March 30th, 2015 4:18 PM Author: blathering arrogant sound barrier Opponents should propose an amendment. The officers and major shareholders of companies that default on debt should lose their driving privileges. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583390) |
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Date: March 30th, 2015 4:19 PM Author: purple hairy legs jokes on them. LAC grads with degrees in Polynesian transgender studies don't drive. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583402) |
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Date: March 30th, 2015 4:20 PM Author: blathering arrogant sound barrier Or do licensed work. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583407) |
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Date: March 30th, 2015 4:30 PM Author: Cracking snowy home jew (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583453) |
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Date: March 30th, 2015 4:28 PM Author: Cobalt jet-lagged whorehouse just do borrow $300K to go to law school and then lose your ability to practice because you can't pay your student loans (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583434) |
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Date: March 30th, 2015 5:51 PM Author: crystalline swashbuckling weed whacker main people Time to either
A) Leave the country B) Take up a life of crime C) Both |
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Date: March 31st, 2015 9:19 AM Author: Grizzly Pit Trust Fund (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27587132) |
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Date: March 30th, 2015 4:28 PM Author: Greedy bbw boiling water debtor's gaol nao. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583440) |
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Date: March 30th, 2015 6:24 PM Author: Grizzly Pit Trust Fund (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27584078) |
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Date: March 30th, 2015 5:46 PM Author: Ivory sandwich voyeur Guillotine time. (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583890) |
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Date: March 30th, 2015 5:50 PM Author: internet-worthy bistre stage Privilege to drive? (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27583912) |
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Date: March 30th, 2015 6:26 PM Author: sapphire mad cow disease liquid oxygen jfc. guillotine these motherfuckers tomorrow. |
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Date: March 31st, 2015 9:20 AM Author: Ivory sandwich voyeur (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27587136) |
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Date: March 31st, 2015 9:21 AM Author: Ivory sandwich voyeur Defaulting Corey Haim MAF (http://www.autoadmit.com/thread.php?thread_id=2842456&forum_id=2#27587138) |