\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Downsides to loanmaxxing?

Thinking of taking out the max amount for law school while w...
Sienna garrison mediation
  03/18/23
As I understand it, the student loan forgiveness tax bomb co...
Galvanic Abnormal Philosopher-king Gas Station
  03/18/23
You can get a top of the line $2500 computer for free too by...
rough-skinned stimulating bawdyhouse hominid
  03/18/23
Don't they allot you a fixed amount based on cost of living?
Sienna garrison mediation
  03/18/23
What if Trump gets elected? Otherwise I don't see downsides....
slimy burgundy ticket booth goal in life
  03/18/23
Literally impossible for trump to get elected due to ballot ...
effete orange theater
  03/18/23
*meme pic of Trump passing loanmo torch to Biden*
Dull center
  03/18/23
Yes but lol at the Dems having more than 45 votes in the sen...
transparent greedy stage new version
  03/18/23
They're getting even better at it
effete orange theater
  03/18/23


Poast new message in this thread



Reply Favorite

Date: March 18th, 2023 12:30 AM
Author: Sienna garrison mediation

Thinking of taking out the max amount for law school while working full time at my WFH Government Sinecure, then doing PSLF. The cash part of the loan I'll use for my mortgage payments and I'll 401kmax and 457bmax through law school. Downsides?

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067463)



Reply Favorite

Date: March 18th, 2023 5:17 AM
Author: Galvanic Abnormal Philosopher-king Gas Station

As I understand it, the student loan forgiveness tax bomb comes back in 2025 unless Congress extends it (which seems unlikely unless the Dems sweep Congress plus the White House in 2024). Also PSLF could be modified or eliminated in the future. And you could also get fucked if you ever quit or lose your WFH government sinecure. So there are a number of risks involved. But it is potentially a lot of free money if it works out for you.

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067691)



Reply Favorite

Date: March 18th, 2023 12:37 AM
Author: rough-skinned stimulating bawdyhouse hominid

You can get a top of the line $2500 computer for free too by adding it to your loan balance. And lots of other things like any "repair" you want to do to your car like a bigger turbo and a tune is covered. Thousands and thousands of dollars that are free because it all gets discharged the same as if you'd been really frugal. One guy here used the repair hack to basically build an entire new car and had the invoices just added to his loan balance.

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067481)



Reply Favorite

Date: March 18th, 2023 2:58 AM
Author: Sienna garrison mediation

Don't they allot you a fixed amount based on cost of living?

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067657)



Reply Favorite

Date: March 18th, 2023 3:09 AM
Author: slimy burgundy ticket booth goal in life

What if Trump gets elected? Otherwise I don't see downsides. The loans will be discharged under the Biden second term and his Dem successor.

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067663)



Reply Favorite

Date: March 18th, 2023 3:12 AM
Author: effete orange theater

Literally impossible for trump to get elected due to ballot harvesting. We're safe.

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067665)



Reply Favorite

Date: March 18th, 2023 3:32 AM
Author: Dull center

*meme pic of Trump passing loanmo torch to Biden*

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067668)



Reply Favorite

Date: March 18th, 2023 9:01 AM
Author: transparent greedy stage new version

Yes but lol at the Dems having more than 45 votes in the senate after 2024.

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46067814)



Reply Favorite

Date: March 18th, 2023 6:14 PM
Author: effete orange theater

They're getting even better at it

(http://www.autoadmit.com/thread.php?thread_id=5308864&forum_id=2#46069367)