Loans
 

How much will everyone pay after graduation in student loans or credit card bills due to school.

Mine will be about $5,000 :(

20000 in undergrad and one semester of grad loans. Haven't gotten to the rest of my grad school loans yet.

Had our son gone to any of the "highly selective" schools that accepted him, the loans would have been close to $80K.

As it is, his National (Merit) Scholars and additional scholarships at Oklahoma will pay for almost everything.

And he doesn't even play football.

Mine will be just under (or just over?) $10Gs. Which is pretty good considering that tuition is $4G per term (ie $8 per year)

THANK YOU CO-OP!

I finished at about 23K canadian...i think the average is 30K?

$0.00 :D

Parents paid for first ~3 years, then I paid for the rest.

I have about 15k i think. got start saving to pay them back.

$0.00 :D Mainly thanks to my parents, who started saving for my college education before I was even born.

My husband faced about $18K though. Fortunately, he's been paying them off long enough that they're starting to go away. :)

Around $15K. That includes credit card bills. Not too bad. With having 4 credit cards I still have less than 2 grand in debt.

$0

I had Florida pre-paid which covered tuition and then I had a bunch of scholarships. So, I actually earned money by going to college. It was great because I never had to work during college (except during the summer or during winter break) since my scholarships covered books, rent, alcohol, etc.

Oh, I feel so sorry for you all!:(

Good old days, worked in the summer and paid for school year.

Thank goodness!:eek:

Worked for the school my second year mopping and waxing dorm floors.

Credit Cards will kill you!:mad:

HUH, we Elitest, all of my Chapter Guys have part time jobs to make ends meet!:confused:

I have about $13k to pay off for student loans and about $3k for credit cards (damn the man).

But I'm being an idiot (or maybe not), and deferring the loans a little longer by taking classes at community college until I start my graduate program....

Thank you, Uncle Sam...

Don't get me started with loans. I owe about $75K in total (undergrad and my brief grad school career). I wish that my parents had started saving before I was born.

http://www.handykult.de/plaudersmilies.de/bawling.gif

I paid for all of my school myself except for the $6000 that I borrowed from the government. I think I'm down to around $4000 and hopefully I will have that paid off soon! :)

I'm not telling you because it's already close to most of yours and I have another year of undergrad and at least 3 years of grad left. :(

gee, a lot of you got nothing!

I've got just over $40K in student loans, and just under 10 Grand in credit debt(although that's not ALL school related).

I expect to be broke the rest of my life. I seriously do not plan on ever buying a house. I was born poor, raised poor and will likely die poor...

BTW, that is in Canadian funds.

[QUOTE]Originally posted by CatStarESP4
[B]Don't get me started with loans. I owe about $75K in total (undergrad and my brief grad school career). I wish that my parents had started saving before I was born.

:eek: Dang! I could sure use that 75K for something else. I'm thinking about taking out a bank loan to pay off my credit cards (3 of them) because their interest rates seem lower. Anyone have money trees growing in the back of their yard that I can plant in mine?

I have about $31K in student loans, but luckily they will be canceled my 5th year teaching. :D

I have very little debt right now. I took out a small student loan last year about $4,000 and that's all I owe. I don't owe anything on any of my credit cards and my car is paid off.

Not like it matters though because law school is going to be the killer for me.

I paid for my first two years at Purdue with the help of all of the money I had saved during the 18 years of my life ($12,500), graduation money, 2 scholarships... and the rest, my mom gave me.

But from now on, I'm on my own. I had to take out a loan this year, in my name. I took out $22,000.... and next year, I'm going to take $23,000 out.

And then I have 2-3 years of grad school ahead of me! I hope my husband doesn't have any loans to pay back... and if he does, I hope he has a good job because I'll be paying mine back for quite some time!

We were able to pay for our daughter's entire college costs, including a small condo for her to live in. What was really helpful, was that we started mutual funds in each of the kids names about 10-15 years ago. With those, we were able to pay the rest out of my salary, as well a $9K for cosmotology school for daughter number two.

When the economy went bonzo, son's mutual fund took a beating, but he got basically a full academic ride, so was able to take part of the mutual fund and buy a used car.

For those of you planning to have children, I highly recommend that mutual fund route. Start small and build up the amount you can put in as your salary increases.

When college time comes, you'll be amazed at how much you've managed to save.

(My parents paid tuition for me (about $250/quarter) and I paid the rest -- but I was making what seemed like a lot of money compared to other kids as a disk jockey and then a TV announcer on weekends and working for the university broadcasting services during the week. So I started off with no college loans)

I have close to 40G as does my husband :(

I'm very lucky. My parents agreed to pay for 4 years of college if I agreed to work hard all 4 years. Anything beyond 4 years is up to me to pay for though. So once I strat graduate school, I know I'll be taking out the max.