(Closed) How much money did you have when you graduated college

posted 7 years ago in College
  • poll: How much money did you have when you graduated college

    -100,000 to -50,000

    -50,000 to -25,000

    -25,000 to 0

    0 to 25,000

    25,000 to 50,000

    50,000 to 100,000

    other (explain)

  • Post # 17
    Member
    15199 posts
    Honey Beekeeper
    • Wedding: June 2011

    I was really lucky that my parents paid for my college and expenses (I lived at home so no housing and little food costs) and my grandparents gave me 2k/year that I just saved.  I had on campus job and an 8 months internship in my field that paid 20 something an hour that I saved up too so I had over 25k by the time I graduated.

    Post # 18
    Member
    1632 posts
    Bumble bee
    • Wedding: September 2010

    I maybe had a $1,000. I came out of school with no debt. I accepted a job while I was in school that started a few weeks after I graduated. I lived at home. Money wasn’t a big concern at all since I started earning right away and didn’t have any bills.

    Post # 19
    Hostess
    10357 posts
    Sugar Beekeeper
    • Wedding: March 2014 - Chicago, IL

    View original reply
    @prahajess:  No debt is the equivalent of a million dollars, IMO. LOL

    After my 4 year undergrad I’m in about 90k of debt. Yay me for picking the most expensive school in like a 5 state area.

    My master’s was 100% funded and so is my PhD.

    After my 11 years of post- high school education I will have approximately an education worth a half a million dollars. I’ll still be 90k in debt. 90k/500k isn’t too bad, IMO. My potential earnings for my PhD will be anywhere from 90k-120k starting, depending on where I go.

    Post # 20
    Member
    5373 posts
    Bee Keeper
    • Wedding: June 2014

    I had about 14k in debt and a couple hundred in the bank. Thankfully I don’t have to pay back my loans until the fall since I’m still in school doing a post-grad certificate. My Fiance and I currently have about $1000 which is really good for us since we’re living on his income (:

    Post # 21
    Member
    2452 posts
    Buzzing bee

    @alexa62:  No debt and very little money. 

    Professional school will cost me both arms and both legs, though. LOL

    Post # 23
    Member
    2452 posts
    Buzzing bee

    View original reply
    @alexa62:  Have college decisions even come out yet? I thought April was the month for most schools if it’s regular decision.

    The two things I personally think are relevant–are you planning to get a post-graduate degree? And how prestigious is your dream school, really?

    Post # 24
    Member
    292 posts
    Helper bee
    • Wedding: May 2015

    Between Fiance and I we have about $275,000 in student loan debt =[. We actually both ended up in the same situation him one year and me the next. We both ran out of funding so we have been going part time taking classes here and there whatever we can afford through direct loans and grants.

    We have both been in school for 6 years now and Fiance will finally be done in 1 year. Good news is starting average pay for his major is around $90,000-100,000. I am in nursing and will be done in 2 years and according to friends I will average around $60,000. So even though that student loan number scares me we should be okay to pay it. I guess thats what both of us get for choosing the most expensive school in the state that consistently has had the highest tuition raises in the state every year since 2000.

    Post # 25
    Member
    3025 posts
    Sugar bee
    • Wedding: July 2014 - Prague

    View original reply
    @FutureDrAtkins:  I can thank my mother! She was very anti-debt. Unfortunately, I didn’t really honor her very good life lessons after she died. My teaching credential and Master’s degree landed me 60K in debt. I know it was a quality education, but sheesh, WHY didn’t I go the State school route? Still not sure! AND I’m now a teacher. A very well-educated one, but… not going to be making a whole lot of money any time soon.

    Anyway, I spent my 20s living it up in Prague as an ex-pat with very little money, and I wouldn’t change that for the world!

    Post # 26
    Hostess
    10357 posts
    Sugar Beekeeper
    • Wedding: March 2014 - Chicago, IL

    View original reply
    @alexa62:  I picked a private school over a 100% funded state school education and I wish I could go back in time and kick my 18 year old self. Although 15k of debt isn’t that much debt…. 

    Post # 27
    Member
    1007 posts
    Bumble bee

    When I graduate I will have a $150,000 student loan, a $6000 personal loan, $4000 in overdraft, and no savings.  So around -$160,000 – so much debt that I don’t even fit into your poll! *sigh*

    ETA: I’m not too worried about my student loan debt as where I live we don’t have to pay interest on student loans as long as we stay in the country.  Before my country changed to an interest free student loan scheme I knew people whose repayments didn’t even cover the interest, so their loan was ever-increasing.  If you’re going to need to pay interest then that’s definitely a reason to avoid getting loans if possible.

    Post # 28
    Member
    10635 posts
    Sugar Beekeeper
    • Wedding: January 2011

    The first time I graduated university, it was probably around $25000.  This time around, it’s more difficult to say.  I have less in cash, as I feel more secure in not having my assests just sitting in a savings account.  There’s also DH to consider, so do I divide by 2?  Between both of us, we definitely have more assests, especially if you count the house (after subtracting the remaining mortgage).

    Post # 29
    Member
    1087 posts
    Bumble bee
    • Wedding: July 2014

    I think I had about $5,000 in savings when I graduated, but zero loan debt, do I’m proud of that!!

    Post # 30
    Member
    633 posts
    Busy bee
    • Wedding: July 2013

    Luckily I managed to have no debt, but most of my classmates have somewhere between 200-350k of debt. Professional school is expensive!

    Post # 31
    Member
    1284 posts
    Bumble bee
    • Wedding: September 2014

    @alexa62:  We had no debt and 5k in the bank! Worked out just dandy.

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