How much in student loan do you owe?

Texasmade · Oct 16, 2008

0 for undergrad (my parents covered that)
25k for grad school to get my masters in accounting

After 2 years, I owe about $10,500 in loans and will probably be paid off in another year and a half.

Tarmac · Oct 16, 2008

Originally Posted by coopster

Thank goodness for my right arm. It pitched me into (and kept me in) college for free.

200k for an MBA? It takes 2 years. Not likely unless you take the 6 year plan.

Actually I guess if you factor in the lost wages of going to school full-time for 2 years 200k becomes a lot more feasible.

Yes, tuition is $40k+, most MBA students at that age don't squeeze 5 people in a studio apartment, they live relatively comfortably, annual expenses add $30k. Factor in lost pay at about $60k-80k typically. The cost is astronomical. And coke is not included

noorotic · Oct 17, 2008

roughly 70k from undegrad..I'm guessing around 80 when I'm finished.

crazyquik · Oct 17, 2008

Originally Posted by riotshield

I had about $53K in law school loans when I graduated. Three years later, with timely monthly payments, it's down to $47K *sob* At least the interest on it is low.

Ouch.

pscolari · Oct 18, 2008

I had roughly 25k in undergrad loans, which I had been paying off since graduation 10 yrs. Just finished my last payment 3 weeks ago. Unf*cking believable. It's the first time I have been debt free since college. The best thing I ever did was to setup an automatic payment from my online checking account to Sallie Mae. It really took the sting out of having to write the check every month. I also paid maybe 15% above my monthly payment every month, which cut down the duration a bit.

I'll drink to that.

Seanallen · Oct 18, 2008

Reading this thread makes me just want to join the army to pay for school, hopefully the army has a chef position open.

jungleline · Oct 19, 2008

I have a doctorate in Clinical Psychology and have about 75 k. It's pretty depressing how expensive these programs are.

grimslade · Oct 19, 2008

Nothing from grad school. Started with about 12K from ugrad, added 4K from my wife's undergrad when we got married and consolidated, am currently down to $4,500 total. One of these days, I should just pay it off, I guess, but it's been on an extended plan and I've just let it drift downward.

itsstillmatt · Oct 19, 2008

Originally Posted by grimslade

my wife's undergrad when we got married and consolidated

and who said romance was dead.

grimslade · Oct 19, 2008

Originally Posted by iammatt

and who said romance was dead.

I thought seriously about not consolidating because if they remained unconsolidated and I died, my loans would be forgiven.

I also thought about suing her after the wedding, since she had sworn that her father had paid off her loans years earlier, and that turned out to be untrue. That's what I get for not signing a pre-nup I guess.

rach2jlc · Oct 19, 2008

Altogether, I owe in the low 40's and I'm paying it off a little bit at a time... but I don't consider that amount bad considering that's for undergrad, grad, doctorate and the schools I went to, for the most part, charged more than that for one year.

I had to work ****** off at jobs and in order to get finaid/scholarships, but hey, you do whaddya gotta do.

kwilkinson · Oct 19, 2008

Originally Posted by rach2jlc

Altogether, I owe in the low 40's and I'm paying it off a little bit at a time... but I don't consider that amount bad considering that's for undergrad, grad, doctorate and the schools I went to, for the most part, charged more than that for one year.

I had to work ****** off at jobs and in order to get finaid/scholarships, but hey, you do whaddya gotta do.

That's pretty impressive, playa.

rach2jlc · Oct 19, 2008

Originally Posted by kwilkinson

That's pretty impressive, playa.

As Hank Williams, Jr. said, Country folk can survive.

Wooh · Oct 20, 2008

Way too much. Hope to amortize it as quickly as possible. Worth it? Yes. Scary as ****? Also yes.

How much in student loan do you owe?

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