(Closed) How much student debt are you in?

posted 5 years ago in College
  • poll: How much do you pay toward your student loans a month?
    $100-300 : (58 votes)
    31 %
    $301-500 : (42 votes)
    23 %
    $501-700 : (29 votes)
    16 %
    $701-1000 : (17 votes)
    9 %
    $1001-1300 : (9 votes)
    5 %
    $1300+ : (30 votes)
    16 %
  • Post # 4
    9681 posts
    Buzzing Beekeeper

    None, so I couldn’t vote. My parents paid for my undergrad, my company paid for my MBA. 

    Post # 5
    561 posts
    Busy bee
    • Wedding: September 2016

    None, but I have six plus more years of school until I’m done. It’s going to get much more expensive in grad school and I’ll likely end up with at 60k. I have nightmares about it.

    Post # 6
    134 posts
    Blushing bee
    • Wedding: April 2014

    @Syzygy88:  Sadly, my Fiance and I pay what is equivalent to a home mortgage for student loan debt.  We are on the highest range on your poll.  This is why we can’t buy a house anytime soon.  And we don’t see it ever going away…




    Post # 7
    8446 posts
    Bumble Beekeeper
    • Wedding: April 2013

    None, I lived at home and went on scholarship.

    Post # 8
    3230 posts
    Sugar bee

    I took out $2k in loans total. I grew up in a poor family and I was a good student so I got a lot of scholarships and grants. I worked during the school year and didn’t go out that much or take any kind of fancy Spring Break trips. I declined any extra loans the schools offered. I was also vigilant about any discrepancies in my loan information (for half a semester, my online information said that I took out an extra $900 in loans that I never received and actually declined before it was “awarded” to me. I bugged the heck out of the financial aid office to get it right.). I lived at home the first year after I got out of college while working as a teacher and I paid every bit of that off in the first year.

    DH’s grandfather paid for his education so we don’t have to worry about any kind of school loans.

    Post # 9
    1311 posts
    Bumble bee

    I pay just shy of $350 a month, which was the plan that the government designed for me.  I was horrified to hear that the term was 9.5 years and I’m just not willing to pay that much interest, so I put all the extra money I have into it to pay it off as soon as I can!  I graduated with just over $30K and 3 years later I’ve paid it down to $13 – so close yet so far!

    Considering I spent a year abroad and didn’t work during the school year, I didn’t graduate with that much debt because my parents each had a (very modest) RESP for me, and I got some scholarships.  But the bulk of my tuition/expenses were paid by student loans, and I’ve been living home for the past 2.5 years to save.  I’m determined to move out next year regardless though, because my sanity is at stake! 😛

    My general thoughts are that I’m glad I’m in Canada, where all post-secondary insitutions are public and therefore not as expensive, although it’s still way more expensive than Europe.  However, in France and Spain, where I used to live and where college/university is really cheap…that’s not the solution either.  Because while it’s true that the general population is more educated, which is great, competition is really fierce for jobs and it’s hard to stand out.

    My SO graduated with no student debt I think in large part because he was in the military for a couple years.

    Post # 10
    2664 posts
    Sugar bee
    • Wedding: September 2015 - Ketchum, ID

    @Syzygy88:  right now I owe $18,500, but I haven’t graduated yet. I don’t plan on taking any more loans out, though. I’ll probably pay about $300-500 a month once I have to start paying them back. I’m a little over whelmed thinking about the loans, but they’ll be paid off within 5 years, and I have to remember that in the grand scheme of things (and compared to the national average and what I COULD owe), it’s not that much. It was an investment in my future, and I’ll have a good job and degree because of it. 

    Post # 12
    1543 posts
    Bumble bee
    • Wedding: June 2013

    The poll should be the total amount you owe not the payment…. I pay less then i should because I can’t afford the full payment right now. I pay about 650 but one of my loans is deferred and they are all on the lowest plan. If i were to pay the standard plan i’d be over 1k. – total debt 109k

    Post # 14
    5189 posts
    Bee Keeper
    • Wedding: February 2013

    @Syzygy88:  I just finished paying it off, so nothing! But without the money my Grandma left me when she died in July I couldn’t have done it for another few years. Buying a house or a new car are out of the question for a long time.

    Post # 15
    1649 posts
    Bumble bee
    • Wedding: November 2015

    @Syzygy88:  I started out with about $21K in loans when I graduated three years ago. My minimum payments are around $238.00 a month. I hate the idea of just paying the minimum though, so I actually wound up throwing between $100 to $400 extra at them each month (it was more when I was living with my parents, less now that I’m with my FI). Thanks to those extra payments, I now have a little less than $8,000.00 left to pay. . . all of which should be paid off before we have our first kid in the next five years (which was my original goal).

    I don’t make a lot of money – I actually make less than $30K a year – so I definitely have become good at trying to sort out whats a necessity and what is just a want.

    My Fiance finished his Bachelors and Masters without any debt at all. His parents set up college funds for the kids when they were little and that covered his entire Undergrad education; Grad school he paid for using money he had earned while working on his Undergrad and a bit of money that was leftover from his college fund.


    Post # 16
    1181 posts
    Bumble bee
    • Wedding: June 2014

    My parents paid for my undergrad. I am in Grad school now for the 2 years it has cost over 70,000, all of which I had to take out in loans. 

    The topic ‘How much student debt are you in?’ is closed to new replies.

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