(Closed) Student Loans

posted 11 years ago in Money
  • poll: Student Loans?

    I'm still paying student loans

    I used to have student loans, but I paid them off just by saving money from my salary at work

    I used to have student loans, but I paid them off by a gift of money from a friend/relative

    I used to have student loans, but I got them paid off by a work or government program

    I have a bachelors or higher, but I never took any student loans because I'm awesome!

    other... and I'll explain!

  • Post # 3
    420 posts
    Helper bee
    • Wedding: October 2010



    I know how you feel.  I went through six years of college (minimum for my degree) and came out with 110k.  My larger student loan hasn’t budged at all in the 3 years I have been paying it,  all the money goes toward interest.  It is extremely frustrating!  My interest rates on my loans are more than the interest on my mortgage!  Its such a sad system we have set up for higher education.

    Post # 4
    1524 posts
    Bumble bee
    • Wedding: April 2010

    Still have them, and likely will until I’m dead. 

    Undergrad? Free!

    Grad/professional school?  Not so much… 

    Post # 5
    2767 posts
    Sugar bee
    • Wedding: June 2012

    Haven’t even started paying them off yet! By the end of my undergrad, I’ll have 25K in federal student loans. Luckily, they’re not subject to the interest levels of private loans. 

    I may have to take some out for grad school as well, although I’m hoping to get a TA/RA fellowship to help offset costs. 

    Post # 6
    233 posts
    Helper bee
    • Wedding: September 2011

    I never took out loans.  I chose to live at home while going to college and got a bachelor’s degree without owing anyone.  I lived rent free and charged each semester on my credit card (which I then paid off over the course of the semester).  I also worked 30 hours a week at Home Depot while going to school full time.  They had a program back then at HD that allowed part-time people who went to college to have half their semester paid off by the HD if you got a grade of a B or better.  When the economy got bad they moved that program over to full timers and then got rid of it completely.  But yeah, having half my tuition paid for by my employer rocked.

    Post # 7
    3930 posts
    Honey bee
    • Wedding: May 2012

    i really want to get my MBA, but this is the sole reason holding me back…

    Post # 9
    572 posts
    Busy bee
    • Wedding: June 2011

    I’m currently in my 3rd year of medical school, so I’m still taking out loans.  I will probably be paying them off for a while though once I graduate, but hopefully will be able to pay them off in 10-20 years!

    Post # 10
    103 posts
    Blushing bee
    • Wedding: May 2010

    I have almost $20K in student loans! I just got a full time job (start on Monday) but it only pays $43K a year before taxes. So it will take me a few years to pay them off. Luckily my DH has no student loans b/c his parents paid for all of his schooling and he has a good job.

    Post # 11
    98 posts
    Worker bee
    • Wedding: August 2012

    I was able to pay for my undergrad outright with the money I was making at work and the tuition reimbursement I received. However, Graduate school is just insanely expensive and my PsyD… well…. by the time I finish that I’ll be so in debt I’ll be paying it off for the rest of my life

    Post # 13
    1128 posts
    Bumble bee
    • Wedding: April 2011

    I didn’t answer your poll, because I’m still in college, working towards my Bachelor’s degree, and after my Bachelor’s, I am going to go for a teaching credential. Hopefully I’ll only have about $20,000 in student loan debt when I’m done (no higher). I’m not sure if that’s possible, so we’ll see what happens!  

    And I will most likely have to pay my student loans out of my salary– unfortunately no large monetary gifts in my forseeable future!

    Post # 14
    1068 posts
    Bumble bee
    • Wedding: May 2010

    Yeah… DH and I will be paying off student loans for a long, long time. I don’t have too much because my parents paid for the first 2 years of my school for me, but my husband is in medical school which means by the time he is done we will be like $200,000 in student loan debt. Bummer. We plan on staying in our home while he does his first couple/few years of work because we have a low mortgage payment and it will be much easier for him to pay off his debt quickly. Our plan is to pay all bills with my teaching salary so he can focus on paying off his loans. If we stay smart about it it shouldn’t cripple us.

    Post # 15
    233 posts
    Helper bee
    • Wedding: September 2011

    @CorgiTales: Yeah, higher education is where things get tough.  If I went on to get my MBA I would only do so if my employer paid part of it.  If not, I’d for sure be in debt!

    Post # 16
    1337 posts
    Bumble bee
    • Wedding: August 2010

    I came out of undergrad with just over $5k in loans. Came out of post-undergrad with over $40k in loans.

    I just paid off a very small loan this month actually. Won’t be able to say that again for another 40 or so years. Sigh. At least the interest rate is low (3.something%) 🙁

    The topic ‘Student Loans’ is closed to new replies.

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