Post # 17
@meggs66: my payment is $186/month. i went to a state school from 1997-2003 (took a year off so it was only 5 years total) so it was still relatively cheap back then. i think it was $5500 for the year. my payment is very doable. i should be paying more to it every month but i just don’t care. it’ll get paid off eventually and i have some other debt that i’d rather pay off quicker. my education was worth it even though i’m not using my degree in my current job. it got me hired though because they wanted someone with a degree (they didn’t care what it was in).
Post # 18
@Bebealways: Wow that sounds horrible! I’m so sorry you’re in this situation. What industry are you in?
Post # 19
@goodasitgets: BA was in psych, am currently teaching elementary ESL. Really enjoying it though.
Post # 20
$177 a month for a Bachelors that isn’t required for my job, though I make decent money. I don’t regret it at all! I should be payed off in about 4 years when my Fiance heads back to school for his Masters!
Post # 21
Mines just over 200US a month. It will go down in a year or so. This year will be very tight though – I can’t legally work for the first 6 months or so. Fiance is therefore paying for both our loans, plus we are saving a significant proportion of our income, because immigration has hit our savings pretty hard.
It willbe tight for a while, because the plan is to take turns and put eachother through grad school (me twice). Hopefully it will be worth it in the end!
Post # 22
Mine is low ($260) but only because I’m really cheap and worked to keep it low. I borrowed only as much as I absolutely needed for school, not for bar nights after class. When I got a high paying summer job, I used the money to pay off my first year’s private loans while still in school. Any extra money I had went to paying off my private loans. Interest rates were at record lows at the time that I consolidated my government loans, and I found a consolidation company that offered to drop the rate by 1 percent after 36 ontime payments, so now i pay just 1.6 percent. crazy. Given the current state of student interest rates ( no idea why they are so high when banks are offering next to nothing for their customers), if I were to go back to school now I’d do it at a place where I could get lots of grants or scholarships, or would pick a public school with lower tuition. The public school might take you longer, but you’ll be paying less in loans so it will affect your life for a shorter time period. You might also want to check out a community college and see what classes they offer that might transfer credit. I went to a big name, prestigious school, and know people who got the same degree I have but who got a bunch of credits at the community college so they got the same degree for less.
Post # 23
None. I went to a state university=cheaper and paid off my loans while working full time (in my field) and going to school nights/weekend. It took longer but I don’t have any loans.