(Closed) Student loans… ugh

posted 5 years ago in Money
  • poll: How much do you (or you+significant other) owe on student loans??
    Just me: $1-$5K : (13 votes)
    4 %
    Just me: $5K-$10K : (29 votes)
    8 %
    Just me: $10K-$20K : (41 votes)
    12 %
    Just me: $20K-$40K : (65 votes)
    18 %
    Just me: $40K-$75K : (36 votes)
    10 %
    Just me: $75K-$100K : (19 votes)
    5 %
    Just me: more than $100K : (25 votes)
    7 %
    me + significant other: $1-$5K : (1 votes)
    0 %
    me + significant other: $5K-$10K : (8 votes)
    2 %
  • Post # 3
    3968 posts
    Honey bee
    • Wedding: September 2014

    @confettiegg2000:  There was no option for “just him.” Just him is currently about 70k including all accrued interest at the moment. but we consider it “ours.” 

    Post # 4
    7977 posts
    Bumble Beekeeper
    • Wedding: July 2013 - UK

    I just don’t worry any more. UK student loans are taken out on the premise that you don’t have to repay them if you earn under 21K a year. It looks like I will possibly never earn more than that within the 25 year repayment period, so I’m not sure what I’ll have to pay back… if anything.

    Post # 6
    2457 posts
    Buzzing bee
    • Wedding: September 2012

    Yeah… I owe around $75k in student loans. I’ll be paying them off for the next 15+ years. I pay around $800/month, sometimes $950. Sucks, but not much I can do about it. Good thing I have a good job, otherwise we’d be screwed. 

    Post # 7
    598 posts
    Busy bee

    He has 14k and I don’t have any. Graduating soon enough and don’t expect to get any more… fingers crossed!

    Post # 8
    3229 posts
    Sugar bee

    We are lucky.  We owe $0 due to scholarships, grants, only taking out $2k, and living very frugally in college for me and a college fund from his grandfather and living very frugally for Darling Husband. We are playing off credit card debt with our wedding money and we currently only have to pay on DH’s car (290/month). We don’t have a mortgage though and don’t plan on buying a house soon only because we’re not sure if we’ll stay in this area for a long time.

    Post # 9
    2550 posts
    Sugar bee
    • Wedding: July 2013

    I started with $30K (although I’m hoping by now it’s getting closer to 20K- and in all fairness about $10K of that is my mom’s PLUS loan which I agreed to pay for her after graduation). He is now at the same amount he started with 15 + years ago at $30K as well. We both went to private liberal arts schools despite both being eligible for the Hope scholarship that would have paid 100% of our tution at a state school. I loved my school but I really consider that a horrible decision. He floated around for a quite a while and let his loans go into default for years before we even met. He’s been getting them back in order & is now out of default but all the collection & interest fees racked up the whole time he was MIA doubled his loans back to their original amount instead of the half amount he got it down to before his 5 year default. 

    Post # 10
    10603 posts
    Sugar Beekeeper
    • Wedding: January 2011

    None!  I paid his off when he finished his 2nd degree.  He paid of his first set between his first and second degrees.  I never had student loans.

    Post # 11
    5219 posts
    Bee Keeper

    Me + Darling Husband currently have about 14k in student loans. We pay $350/month for both. I had a lot more but paid most of it down before we were married, and we have used this last year to save for a new home. So after we close next month, it will be back to chipping away at that last bit!

    Post # 12
    491 posts
    Helper bee

    We each owe about 20k, which is pretty decent because he did a 5 year program and I’m graduating with my JD on Saturday (wo-ho!)

    Post # 13
    6123 posts
    Bee Keeper
    • Wedding: August 2012

    Thankfully, we have ZERO student loan debt!




    I took out $20k between my undergrad and grad and paid them all off last year right before I got my Master’s.




    H had many scholarships (smarty pants) and his parents helped with a little, so he never took out loans.  He has a PhD.



    This will make everyone feel better: my sister and her H have $300k between the both of them just from school.

    Post # 14
    5001 posts
    Bee Keeper
    • Wedding: September 2013

    Nothing (my PhD was fully funded) until my Fiance hopefully goes back for his MBA next year. Then we’re looking at $100K, but we can probably pay $40K of it. Still, ouch….

    Post # 15
    4770 posts
    Honey bee
    • Wedding: November 1999

    0 ain’t an option.

    Post # 16
    4047 posts
    Honey bee
    • Wedding: January 2014

    I owe nothing because I got a full tuition scholarship and I get Pell grants to cover everything else. That 4.0 GPA in high school paid off!

    My Fiance took out about $18,000USD, I think? Yeah, I think around £12,000 is what he initially took out over the course of uni. I don’t know how much he’s paid off. He hasn’t paid off much, but he doesn’t seem worried at all about it because he seems to think it’s normal to pay it off over the course of 20+ years even though he could pay it all down now. Maybe that’s the way they do it in England! I’d rather he just get rid of it.

    Other than that, we have no other debt thankfully.

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