PhD Student Reveals "Student Loan Hack" That Could Make Classes Cost Just $1,000 a Year
In a shocking claim that has left many scratching their heads, a PhD student has taken to TikTok to reveal what he claims is a clever way to avoid paying off his student loans. The video, which has garnered thousands of views and sparked a heated debate online, shows the student explaining how he plans to "milking" his student loan refund checks throughout his doctoral program.
"I've decided that I'm never going to pay back my student loans and this is how," the student says, leaving viewers wondering if they're being pranked or not. According to the student, he'll be taking two classes each semester for at least two semesters a year, which will cost him around $2,000 per year. However, he claims that he'll receive a $1,000 tax credit each year, effectively making his annual tuition payment just $1,000.
But here's the thing: it's not entirely clear if this is actually a legitimate loophole or just a cleverly crafted joke. The student has since responded to comments from viewers, including one person who questioned whether there was actually a way to exploit the system like this.
"There is no loophole, it's simply the law about student loans," the student replied. "I'm not saying it's a good idea or that I think you should try it, but...forever, I guess." It seems like our PhD friend is looking to take advantage of the system for as long as possible.
But before we all get too caught up in the excitement of this potential "hack," let's take a step back and consider the bigger picture. Student loans are a serious financial burden for many people, and finding ways to avoid paying them off is not necessarily a solution. Instead, it's often about exploring alternative repayment options or seeking help from student loan forgiveness programs.
That being said, if you're like our PhD friend and looking for ways to make your education more affordable, there are some legitimate strategies worth exploring. For example, many employers offer tuition reimbursement or education assistance programs that can help offset the cost of pursuing higher education.
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