(Closed) Student loans!

posted 9 years ago in Money
Post # 32
Member
177 posts
Blushing bee
  • Wedding: December 2012

I’m estimating about 70ish after I finish my master’s in 2013.  I went private undergrad and now another private university for my masters.  I wish more state schools had my program, but they don’t so I had to go the spendy route. 

Post # 33
Member
264 posts
Helper bee

This is a depressing issue lol My loans add up to about 32ish… This past May, I graduated with my master’s degree from a private university. I am working on deferring my payments until after the wedding.

My plan is to win the lottery!  Wish me luck. lol 

Post # 34
Member
269 posts
Helper bee
  • Wedding: September 2011

$92,800 from law school. 🙁 Fiance and I agreed the best way would be to use 100% of my income for the next 33 months to pay them off.  I am happy that I won’t be paying them off for 10-20 years, but it sucks that I am essentially working for almost three years to JUST pay loans. 🙁 No fun money! BOO! 

Post # 35
Member
129 posts
Blushing bee
  • Wedding: October 2012

Wow, I am just finishing the financial aide portion of me going back to school for my BS degree (hehhe) in Environmental Science. So I am scared to see how much I rack up in loans. But I also have a Pell Grant so that is 5500 each term that I don’t have to pay back. Every little bit helps….

Post # 36
Member
158 posts
Blushing bee
  • Wedding: May 2012

So I just found out today if you are paying interest on your student loans you can put that on your tax return and get a few hundred back depending on what you paid! Just thought I would share if you didn’t know.

Post # 37
Member
129 posts
Blushing bee
  • Wedding: October 2012

Oooh, that would be a huge help. I’ll have to bring that up to my tax person when hubs goes to file his W2…

Post # 38
Member
2767 posts
Sugar bee
  • Wedding: September 2009

I have about 40,000 all from undergrad.  I get paid to do my PhD, which is a good thing because if they charged me to do it I would have quit a long time ago.

Darling Husband also has another 15,000 or so.  So we will be paying them off for a long time.  I actually think most of this wasn’t worth it.  I probably could have been happier with a lesser job.

Post # 39
Member
5118 posts
Bee Keeper
  • Wedding: November 1999

I think I’ll be somewhere in the 55k-58k area when I am done with law school. Thankfully Fiance has relatively low debt and has already landed a job, so he’ll have over 9 months of loan payments in before we are married. I’m hoping his job remains stable so that when I’m done with school in a year and a half we can do like @KendraJ: and utilize my income solely to pay off all of our student loans as quickly as possible. 

ETA: This financial aid calculator totally solidified my decision to pay off my loans as soon as possible. The difference between getting them done in 5 years vs 10 years was over $10k in additional interest payments. Ouch!

Post # 40
Member
486 posts
Helper bee
  • Wedding: May 2011

God this post helps me feel better too! I have 76k that is ruining my disposable income! So I am getting a 2nd job to help.

Post # 41
Member
7770 posts
Bumble Beekeeper
  • Wedding: July 2010

50K just me.  From a useless BA.  I will definitely encourage my children to go to a state school!  Payments are $500 a month.  I just feel hesitant to rack up more for an MFA.

Post # 42
Member
3601 posts
Sugar bee
  • Wedding: January 1992

I started with just over 16,00 in debt, after graduating May ’10. I had a six month grace period and I went into repayment in December. I have about 15k left.

Post # 43
Member
148 posts
Blushing bee
  • Wedding: August 2014

UGH. I have switched schools 3 times and by the time I am done, I will have about 80,000 in loans. Um…yeah.

Post # 44
Member
1850 posts
Buzzing bee
  • Wedding: March 2012

Almost 20K for my bachelors. It’s crazy how much money you can rack up from classes alone. Not to mention the people who live on financial aid. I paid for all of my living expenses by working as a server, but had to live on FA for the last 5 months because of student teaching. In a couple of months I’ll have to start paying it back. I’m on a 10 year graduated plan (starts low and increases every two years). I really want to get it paid off ASAP though. The interest is crazy if you pay over 10 years.

Post # 45
Member
510 posts
Busy bee
  • Wedding: September 2011

Fiance and I will have 500,000 together in about a year and a half, mainly from grad school. I had 20K from undergrad and he had 0.  Sigh…paying off??  Who knows…

Post # 46
Member
228 posts
Helper bee
  • Wedding: April 2011

I had just over $20,000 When I finished my BSc in 2002. I did manage to pay them off before my 30th birthday in 2009, which was my goal. I know that it’s smaller than what many of you have to pay off, but I’ll encourage you that it is possible! For a few years I just kept living like a student and putting extra payments on. For years it seemed like the principal would never go down, but then all the sudden it does!

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