Ugh. My college education is seriously cramping my style.

goheels05 · October 2009

Not so much the being edu-macated part, but the owing $23K part (down from $25K! woot!). If I made my minimum payment every month and paid the standard repayment period of 30 years (yes, YEARS, WTF), my total payments would equal $67K. I'm paying over twice the minimum payment and hope to be done in around 4 years. I'm going to need to spend less on shoes and purses.I don't understand how this happened. I had a full scholarship in undergrad and still managed to graduate with $11K of debt, and then more than doubled that in grad school (at a state school, no less). Anyone else?

Brie2010 · October 2009

FI and I have, combined, $210,000 of educational debt.I'll trade you.

Night_Sprite · October 2009

Fi fully supported himself through undergrad. I'll go from having literally no debt to having about $30k-$35k

buttaflai · October 2009

Ouch. We're kind of working through this now. Neither one of us has incurred student loan debt, but he is considering going back to school full time now.

SwedishChick2011 · October 2009

By the time DH gets through medical school, he'll probably have about $150,000 of student debt, unless I suddenly start making enough money to pay for his education.

bbyckes · October 2009

I'll trade too. I have over $100k worth of student loans.

mandapanda78 · October 2009

$40k here. Actually, just under that now. D'oh. FI has none- he did the ROTC thing.

missy68 · October 2009

Mine's around 20K I think. My repayment period is over 20 years (when it started, and that was 4 years ago).And now, ask me if I'm using it anymore (aka, am I teaching)..... That would be a negative.But I now have TWO pretty undergrad diplomas to hang on the wall. Only one gets displayed though (and it isn't that one, since I don't use it).

LauraT25 · October 2009

Yeah, same here. Mine is 20-year repayment, but most of them are deferred for now. When I had to pay them though, yikes! I could barely make the minimum. I wish I could pay double payments, I'm just trying to chip away at them while they're deferred. My balance is just a little higher than yours, and it's looking like no new purses or shoes...ever.

Soon-to-be Mrs. Vogt · October 2009

I have about $40K of debt from 7 total years of undergrad (for those of you still in undergrad, don't decide to change your career path during your LAST semester of school). Fortunately, FI, erm H, had paid off his college loans before we got engaged, so he's just helping me with mine. Yay, school. :P

crfische · October 2009

I hear ya. I'm thankful my dad pays them. I was 105,000, but then I got about 40,000 cancelled (awesome!), and that was with two years of undergrad fully paid for by scholarship.

vallyhoo · October 2009

Alexia- big High Five! on the Bright Futures deal, seriously.I'm also very nervous about grad school, but I know I have to do it.

Brie2010 · October 2009

I should add that if FI didn't have an awesome scholarship in law school, we'd be sitting right around $300k.

cengle · October 2009

I'm going to owe about $110,000, give or take. Yay law school. FI won't owe any; his parents are able to put him through law school, so he plans to help with my debt. huzzah!

ScarletGem · October 2009

I'm extremely lucky and grateful to have parents who were willing/able to pay for my college education. And now that I'm in grad school and on an NSF fellowship, my tuition is fully paid for and I get a nice stipend. Yay for being in the natural sciences!

squirrly · October 2009

FI and I both went to college totally free. (Me, scholarship; FI, West Point). This is a large part of why I don't want a grad degree. I am unwilling to pay for it.

TurtlesAllTheWayDown · October 2009

I have $41,000 in debt from my combined undergrad and graduate education. Undergrad was less than 10k, grad is at a state school. Yeah, no idea how that happened.Thankfully I have about 7-8 years before I have to start paying it back.

LauraT25 · October 2009

Scarlet - congrats on the NSF. I hear you - if I wasn't getting paid to go to grad school, I wouldn't be here.FI's parents paid for his college tuition, so he's helping me pay off my school loans when we get married.

AlexiaANDRobert · October 2009

Vally - FO REAL! And UCF gave me an extra amount every semester for my "outstanding achievement" in high school. Woot.

MeaghanandMichael · October 2009

I owe four times what H owes due to grad school. Screw letting people out of mortgages, I will give my grad degree back if I don't have to pay. Thanks.

goheels05 · October 2009

Holy cow, I'll shut up now!NC should really have a program like FL and GA do. I know they never will, though, because so many out of state folk want to come here to go to school.

bel138 · October 2009

FI and I have a combined $400,000 thanks to medical school. And a 25 year repayment. So, basically, by the time we're done, we'll pay a million dollars for our education. We're trying to double up right now, but it's rough.

goheels05 · October 2009

I owe four times what H owes due to grad school. Screw letting people out of mortgages, I will give my grad degree back if I don't have to pay. Thanks. Hahaha me too. One of my best friends from high school just finished her doctorate in optometry and posted something about $200K of student loan debt on her facebook. I commented, "too bad it isn't a mortgage; you could just walk away and get a new one!"

LauraT25 · October 2009

Alexia - that's completely awesome. Texas A&M offered to do that for me. I often question my decision to attend the school I chose; extremely expensive for no real reason.

foolforfood · October 2009

Dont' feel bad, DH and I have about $250K in stu loan debt. One couple I know has almost $400K b/c both of them just graduated from med school. And they have a $350K mortgage on top of that. The figures for mortgages actually freak me out even more.

vallyhoo · October 2009

Alexia- Well, since you said UCF I just have to say GO BULLS!:-p

Nebb · October 2009

Im just shy of $20000, ive upped my monthly payments and should have it paid off in 6 years. Once we have other debts paid off in full, Im upping the monthly payment on my student loan another hundred a month or so.

goheels05 · October 2009

I have a friend from my first job who also went to UCF for free. Her parents saved for her to go Ivy League like they did, and when she went to UCF for free, they agreed to give her the savings after she graduated for a DP on a house. She bought a $400K condo right out of school. Hoar.

kate51485 · October 2009

I have just over $17k left, started with around $25k. I can't imagine what it will feel like when that chunk actually stays in my bank account each month. Just another 80 months to go...so crazy!

missy68 · October 2009

Heels, yeah, both of my undergrad degrees came from private liberal arts NC colleges. One was the traditional "after high school" 4 years mom and dad degree (I did have a student loan for that one too, though). AB in Psychology.The second one came from another small liberal arts college and was in the adult education (aka, go to school in the evening, after you've worked all day) section, but the core requirements transferred over, so since I had to do the exact same requirements simply get a teaching license as to graduate with a degree in Elementary Education, I chose to graduate (since this time it was summa cum laude). Five semesters, about $20-25K. So I figured, teaching for 3 years actually cost me roughly 8 grand a year, meaning I probably netted under the poverty level there while I taught.Hindsight's 20/20, huh? Sweet.

AlexiaANDRobert · October 2009

Hahaha. Go bulls??? Yeah yeah yeah...

Ugh. My college education is seriously cramping my style.

Re: Ugh. My college education is seriously cramping my style.

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