@MsELizardBeth You definitely need a public service job to cancel them out in 10 years. Make sure you (if you already don’t have this one) reconsolidate (yes the rules will temporarily allow you to do this) to the new 25 year (20 year for undergrad) loan. No capitalized interest (that is what screwed my loan balance after losing my job due to 2 cancers in one year) and a higher disregard for income before you have a payment other than zero.
Of course don’t forget that any forgiven balance is considered ordinary income for federal tax purposes (waived through 2024 I think it is) and in 13 or so states it is ordinary income for state taxes.
@MsELizardBeth so I just googled. No federal taxes though 2025 so you should make it by the skin of your teeth. Hopefully you live in one of the states that won’t get you with state taxes. I don’t. Tax in my state is now flat 5% with the first $10,000 not taxable for a family of 1.
I finished High School, Community College, Certificate in Photography & a Trade School & got the CompTIA A Plus, Computer Service Hardware Tech. Which means I NOW have a Magic Wand & Hammer. Travel all over fixing computers that got broke by person sitting near the User.
My schooling was rather “casual attire” - no school uniforms and the Profs never showed up for class wearing caps and gowns. (I did have one exchange Prof from Munich who showed up in lederhosen for the first day of Fasching, but that’s a whole 'nother thing.) I was in school in the Sixties, so the Uni was just happy that we were wearing clothes of any kind. So I would have to say my formal schooling (began and) ended with the graduation ceremonies somewhere on a stage.
Got my BS in Business Admin (Major in Accounting) and then when to law school thinking I’d never do anything with accounting, but working in an accounting office while in law school and then what I learned in undergrad finally made sense. Never did anything with my law degree and will celebrate my 50th anniversary of being a CPA next August 8-the 50th anniversary of Nixon resigning from office.
@f00l Yep-people will always need accountants-luckily. Always told everyone it is a great way to make a fair amount of money without an advanced degree. Only downside is people’s perception of us.
Fun fact-in the movie Death Wish they changed Charles Bronson avocation from accountant to architect thinking no one would believe that an accountant could or would kill all those people. I’ve had thoughts about doing away with a few clients over the years (primarily wife’s who tried to keep books for their husband’s businesses).