debt des kill dreams, but perhaps the dreams deserved to die anyway.

the general chat among debtoverloaded law students and law grads is IBR (income based repayment). im not clear on the details, but basically you pay what you can, not much, based on your income, the gov pretends the debt is being serviced, the ponzi scheme continues, you get the debt forgiven after a lengthy period of regular payments, but get hit with a “tax bomb” of forgiveness income at the end. all the law students at http://www.jdunderground.com seem to believe that the law will change and it wont be taxable in the distant future.

my point being, if you eschew debt, or go too contrarian, you may miss out on some opportunities to pig out on other people’s money.

.9 percent/7 year financing on a year end Mini, 19,700$ new, witha free extended maintenance (7 years)…kind a feel like a sucker not taking on the debt in a way. couldve paid cash, but why?