(Closed) How much do you have in school loans?

posted 9 years ago in Money
  • poll: How much money do you have in school loans?

    Less than $5,000

    $5,000-$10,000

    $10,001-$15,000

    $15,001-$20,000

    $20,001-$25,000

    $25,001-$35,000

    $35,001-$50,000

    $50,000-$75000

    More than $75,000

  • Post # 76
    Member
    50 posts
    Worker bee

    Boyfriend or Best Friend graduated with a grand total of 100,000. Enough to make me wanna puke for a bachelors degree. I will have tops 40,000. I get a few good grants being an independent with two dependents of my own. Mainly the loans I receive are to pay for daycare and sometimes cover what the grants didn’t for tuition. We would have done a lot different with BF’s loans if we could go back. He wasn’t the one handling the loans…His mother was which helped when they fell on ..ehh hemm…hard times….bleh

    Post # 77
    Member
    1046 posts
    Bumble bee
    • Wedding: December 2010

    Ha, I think you need a category for “way above $75,000.” Medical school = massive amounts of student loan debt. However, pretty much guaranteed to be able to have a job in any city, big or small, in the whole country.

    Post # 78
    Member
    375 posts
    Helper bee

    I went back to school after taking a several-year break and racked up $20K+ in student loans for 2 years of private college for my Culinary Degree. Worth it? The education was invaluable, even if I no longer work in the hospitality industry, and I wouldn’t change it for the world but if there’d been a way to avoid the loans I really wish I could have.

    Post # 79
    Member
    1963 posts
    Buzzing bee

    View original reply
    @soontobebyrdy:  forgive me…what is PA school?

    I’m $72K in.  Worth it for the JD.  YAY!

    Post # 80
    Member
    2583 posts
    Sugar bee
    • Wedding: June 2012

    I curious how so many people managed to graduate undergrad debt free! Give a poor current undergrad some wisdom? By the end of my junior year (this year) I’ll have over $20k!

    Post # 81
    Member
    1963 posts
    Buzzing bee

    View original reply
    @galloway111:  Well its difficult for you now.  I went in on a ton of scholarships and became a resident assistant my last two years (free room and board).

    Some tips:  Work (but not to the expense of your grades), live cheaply (join clubs for free food, move into cheap or free housing), TA for tuition remission (may not be available). 

    Don’t stay longer than you have to…graduate on time!

    Post # 82
    Member
    861 posts
    Busy bee
    • Wedding: November 2011

    I have a little under $30k for undergrad.  However, I go to the top rated school for my field and my starting salary is more than double my loan debt.  I definitely think it’s worth it.  FI will be getting a masters (all his school is debt free thanks to Bill and Melinda Gates), so once he starts working, it will be gone in no time!

    ETA:  I feel if the degree/background will open more opportunities for you, it’s definitely worth it.

    Post # 83
    Member
    38 posts
    Newbee
    • Wedding: September 2011

    No, it absolutely was NOT worth it.  My school was horrible (I went to cosmetology school.)  We did not learn anything new and modern, it was all old-school techniques.  I have had over $9000 in loans for 7 years now and have not paid anything but interest.  I don’t work in a salon because I could never make enough money to support myself.  I wish I didn’t have to pay it!

    Post # 84
    Member
    753 posts
    Busy bee
    • Wedding: October 2011

    Right now I have about $25k in loans.  I paid off my undergrad loans (went to a private college for that) and then went to a state school for grad school.  I think that both of my degrees have been worth it.  They have definitely helped open doors for me and helped me to earn a higher salary.

    Post # 85
    Member
    192 posts
    Blushing bee
    • Wedding: October 2011

    I graduated from undergrad with a BA in History, and about $20K in loans. Of course, I realized too late that having a BA in a humanities field doesn’t qualify you to do much of anything, so I went back for a MS in Library and Information Science. I’ve got about $40K from my Master’s degree. These degrees were both from private schools in the Northeast – some of the most expensive schools out there!Was it worth it? Yes and no. I think higher education is over-priced, and I think that there should be more education about what exactly you can do with a degree, and how much it will pay. I know I was pretty oblivious to the idea that loans would be burdensome, back when I was choosing schools and majors. I chose based on what I was interested in, academically, with no thought at all to what I would do when I graduated. Now, my Master’s, though also overpriced, was worth it – it allowed me to work in my field, and also gave me great practical experience, through internships.

    Post # 86
    Member
    558 posts
    Busy bee
    • Wedding: June 2015 - Thorpewood

    I’m about to start my senior year and right now I have no debt because my parents paid for my bachelors.  When I go to get my masters I’ll probably have about $20,000 in debt.  I’m thankful it’s not more.

    Post # 87
    Member
    773 posts
    Busy bee
    • Wedding: City, State

    I graduated with 33K from my UG.  My MS was paid for by my job and was pretty much free (cost me only in fees, books, and parking).  I thought it was a reasonable amount (I paid it off alogn with my car in about 3 yrs). I could have paid off sooner if I hadn’t bought a house or had been saving for a wedding.   

    When/If I got back to school I know it will be ALOT more than 33K. 

    Post # 88
    Member
    79 posts
    Worker bee

    I have a little over $80K(plus interest) in debt for my BA.  I don’t regret getting the degree because I wouldn’t have the career I have now.  But I do regret living at school in Boston for two years.  At this point, if I didn’t have to pay for student loans every month, I could finance a $20K wedding by myself in under a year.  Ugh Yell

    Post # 89
    Member
    2583 posts
    Sugar bee
    • Wedding: June 2012

    View original reply
    @heather25: Ah, I’d be a terrible RA, I’m SO shy. And the dorms here… well, most of them are less than desirable.

    I’d love to get a job, but when 40,000 college students are in the same town all competing for the part time jobs… there are easily over 100 applicants for burger flipper jobs! 200 applications and 2 interviews later, I’m still unemployed. Despite what the government thinks, the economy is NOT better.

    I’m hoping to graduate in 3 or 3 1/2 years. So we’ll see… I’m majoring in history though so I keep wondering if I should add a more practical major and stay the full four years… decisions, decisions…

    Post # 90
    Member
    1679 posts
    Bumble bee
    • Wedding: June 2012

    My father had to turn down Dartmouth because neither he nor his family could afford it when he was a teenager.  He vowed that his kids wouldn’t have to think about it when they were teenagers. 

    I graduated from college and grad school debt free and I’m extremely thankful to him for that.

     

    If I had to go into debt for my education, I would have done it.  I love where I am and what I do.  It would be impossible to do this without my degrees.

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