(Closed) Student loans!

posted 9 years ago in Money
Post # 77
Member
4479 posts
Honey bee
  • Wedding: March 2010 - Calamigos Ranch

@bRooklynRocks: Ug, the state schools aren’t much better, at least in CA. My first year was great (er, less expensive than private schools, anyway), but they raised tuition on level with the more expensive private schools by the time I graduated. I finished undergrad with $0 debt; the whole $118K I owe ($120K when I graduated) is from law school, and that’s WITH scholarships!

Post # 78
Member
1091 posts
Bumble bee
  • Wedding: August 2019 - Oakland Manor

At this point, I have about $15k, and should be done by 2013. I am considering though, paying off the $5,000 loan at 6% interest in full by 2012, and then continuing to pay the minimums on my remaining loans (with >2% interest) and instead putting the money into my 401k that has employer matching….

Post # 79
Member
441 posts
Helper bee

@dramabean: I graduated with my MLS in May! You probably already know this, but the library field is taking a huge hit right now. Jobs are scarce, job security is hard to find, and pay is low. I think your plan to only get your MLS if you can go loan-free is a good idea, at least in this economy.

Post # 80
Member
1667 posts
Bumble bee
  • Wedding: May 2011

wow this post makes me feel so much better! I have about $62K from my BA. Ughh, it is going to take forever and a day to pay off

Post # 81
Member
1041 posts
Bumble bee
  • Wedding: November 2012

I have about $120k in undergrad/law school debt. Hopefully 10 years……..

@indibee:  I wish i would have went to your school lol. I got a full scholarship for all 4 years og undergrad and for my 1L year and i still owe over 100k. I guess its my fault for going to a private school that cost 40k a year…

Post # 82
Member
245 posts
Helper bee
  • Wedding: March 2011

I only have about $5K left.  Unfortunately, Fiance has about $80K.  Once we’re married, we plan to pay off mine since they have a higher interest rate than his.  Then we’ll take the amount I’ve been paying on mine and apply it to his. 

Post # 83
Member
141 posts
Blushing bee
  • Wedding: April 2011

@twofortheshow: Yeah, I know, and it sucks! I’m just hoping that if I can get through the MLS without more debt, hopefully I can be more marketable…cuz right now I’m at the same part time job I had before graduation, and it’s not fun 🙁

Post # 84
Member
2739 posts
Sugar bee

@spaniel: Whoa! I have a friend that went to school in CA and mentioned that. That really sucks. It’s sickening the amount of lawyers and their loans on this site isn’t it?

Post # 85
Member
216 posts
Helper bee
  • Wedding: August 2010

Hubbies grad school alone will leave us pretty close to 100 k. It’s not a cheap school. Luckily, between the two of us, we had seven years of undergrad completed debt free, and we have two cars without car payments.

Post # 86
Member
7371 posts
Busy Beekeeper

BA appox. 25K-30K. Stupidest thing I did, looking back not sticking with the CUNY/SUNY system. I suggest to everybody now if its for your undergraduate just stick with the state schools. Private is fine (but not necessary for most fields) for the Graduate degree. I don’t even want to think about how long its going to take me to pay it off. Everything is on deferments now anyway. 🙁

Post # 87
Member
173 posts
Blushing bee
  • Wedding: June 2011

$86,406 as of right now, but I just put in an application for $6,490 more in excess aid to get me till the end of the school year, pay for licensing exams, and hold me over until my job starts July 1st. So that will be a total of $92,896. I have accumulated this all over the last 4 years working on my Doctor of Pharmacy (Pharm.D.) degree. My undergrad was free (yay for full ride scholarships, music scholarship, academic scholarship, ect.!) and I recieved numerous scholarships for pharmacy school.

I will not take longer than 10 years to pay them off. I am hoping to make that closer to 5 (but that will never happen), so maybe around 7-8 years.

Post # 88
Member
1 posts
Wannabee
  • Wedding: September 2012

I am about to graduate with about $21,000. I’m not sure how long it will take me to pay them off. That really depends on what I end up doing after graduation.

Post # 89
Member
5118 posts
Bee Keeper
  • Wedding: November 1999

@mzlouis2b: It is nice, and definitely low compared to some of the other legalbees here, but being in the midwest balances out the starting pay as well. My debt may be ‘low-ish’ but I’m sure my starting salary is not so shiny compared to others. I still got a fabulous deal, though. 3 years at my law school (tuition/fees/living/etc) = 1.5 years of tuition only at one of the larger schools I’d considered. I couldn’t justify it, especially in this job market in this area.

Post # 90
Member
2495 posts
Buzzing bee
  • Wedding: January 1991

I have $22,000, and I want to have them all paid off by the end of 2012.  Fiance has about $19,000 and his loans will be paid by the Navy.  Our plan is to live solely off of FI’s income, since his will be the most stable, and to pay off debt/save for a house with mine when I can work from moving around.

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