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I know and know of plenty of people who owe thousands & thousands of dollars in student loans and make $12/hour. They'll be living at home with mom & dad until there 35.
Student Loans Regret?
- Thread in 'General' Thread starter Started by moonshoes08,
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InI'm so far in debt from loans it's disgusting. Had plans of going to law school then decided against it since I had enough debt already. Now I'm 28, dead end job with little pay, and can't get my fit in the door to start a career
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I'm not saying that you don't have valid reasons for regret, but your situation is far form sad.
You make 75,000 a year. If you live a spartan lifestyle, you can pay off your student loans in 4-5 years.
It's tough, I know. And I know, nobody wants to live with their parents after graduating or to get a roommate or drive a 10-year old car after you graduate with a high-paying graduate degree, but sometimes sacrifice is in order to attain financial freedom.
Trust me. A total student loan debt - to - annual income ratio of around one is not bad. You should see my gf. $220,000 of debt, with $110,000 annual income. Now that's a hurt piece.
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To pay these debts off or get on track to pay them off, IMHO is to live a humble and minimalist lifestyle.
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Full Ride over here patna.Shoutouts to all those with student loans, it is worth it in the long run!Grants and scholarships
Part of the lucky few to come away with zero debt.
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When that time comes I am going to see if I want the military to pay my loans off.
am1x90xnike
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That's my plan. Been broke all my life, when I get on, I'm trying to be on. That paying off student loans for twenty years so I can buy a house/new car/obtain more debt is for the birds. Cats graduate with like 100k, then buy a 30k car and a 200k house...hustling backwards IMO.
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If I could do it all over again, I would have worked to pay cash for school (undergrad)
If I could do it all over again, I would have actually used the reimbursements from job to pay for grad school.
In the end, I don't have a Delorean and my daily life isn't affected by those poor choices. I'll pay em someday.
If I could do it all over again, I would have actually used the reimbursements from job to pay for grad school.
In the end, I don't have a Delorean and my daily life isn't affected by those poor choices. I'll pay em someday.
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Ya know, I wish somebody would've told me. Although, to be fair, I'm not sure I would've listened then.
When I graduated, I did exactly that...had a Dodge Durango with an 80/month payment, and since then I've had g35, 335i, 135i. It's the installment payment lifestyle...the life that most Americans lead. When Americans get more money, they don't save more, they don't outright purchase more, they just buy bigger and more lavish things to make bigger installment payments.
But you live and you learn.
One of my happiest days was when I cut a check to for my student loans for the last $20,000.
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$36,000 bucks in debt
2 BFA - Graphic Design and Communication Arts
I think i got off on a steal honestly. My payment is about $250 a month, and my loan is like buying a new car.
2 BFA - Graphic Design and Communication Arts
I think i got off on a steal honestly. My payment is about $250 a month, and my loan is like buying a new car.
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it took me alot longer to graduate than i wanted (about 6 years), but i decided a loooonng time ago that i didnt want to take any loans. i always told myself that once i was done with, i was gonne be done - no debt, no nothing, just plain done
so i sucked it up, lived at home, and paid for everything out of pocket with no help from anyone. i got alot of grief from people ( i still do actually cause im still at home) but then i saw them stacking up thousands of dollars of debt like it was nothing and im glad i did the hard way
although i did take out a small loan for my final semester (about 5k), which is this fall. i have the money to finish in my savings account, but i wanna take a little trip after i graduate as a reward. so im just gonna use the loan for school and start saving for that trip. best part is that ive already started paying off the loan so itll be gone in no time
so i sucked it up, lived at home, and paid for everything out of pocket with no help from anyone. i got alot of grief from people ( i still do actually cause im still at home) but then i saw them stacking up thousands of dollars of debt like it was nothing and im glad i did the hard way
although i did take out a small loan for my final semester (about 5k), which is this fall. i have the money to finish in my savings account, but i wanna take a little trip after i graduate as a reward. so im just gonna use the loan for school and start saving for that trip. best part is that ive already started paying off the loan so itll be gone in no time
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Yeah not that im like "no way im getting into a relationship...i obviously would if a good one presented itself...but just constantly concerned about my financial wellbeing
College was a lot of fun and being right in philly was awesome. I got sold on the Co-Op program. There is decent post grad support...not that i used any of it. But they contacted me pretty frequently asking if they could help me find a job.
Holy ****, bro..$1,100 a month!!!???!!
Why don't you consolidate? Have you asked your job about loan reimbursement?
All private loans...sallie mae sucks
i got them all myself too no co-signer...since the type of loan i got out (forget the name) has been done away with because it let anyone with 0 credit take out a loan for 40k and just charged you 15% interest.yep
I don't have any parents to live with...my mom moved to florida got remarried we couldn't afford our house. I was living with her until about 2 years ago. I currently have 2 room mates. My car is paid off., has 145k miles. Trust me when i tell you i do "almost" everything i can to get by. I could obviously cancel my cell phone and gym membership and other small things...but i am actually at a decent quality of life right now. It took an insane struggle graduating from school, being forced to pay rent in your moms house, on 35k with $1100 a month in loans. I know people have it way worse and thankfully at least the interest on my loans is tax deductible.
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It really depends on the individual and then the school/degree.
I don't regret it at all. I was hell bent on playing college football and I didn't get any offers in state so decided leaving the state and going to a JUCO elsewhere, but would have never been able to pursue that and then experience it and college life if I never got those initial loans. THe experience and independence gained is irreplaceable. The education was nice too.
My payemnts right of college were hard to manage until I was able to go the income-based-repayment route and saved me a lot of stress on a month-to-month basis. Trying to keep it affordable is key #1 when you start paying it back. I managed until I started making good money and have since paid it off.
My advice...Just have a plan.
I don't regret it at all. I was hell bent on playing college football and I didn't get any offers in state so decided leaving the state and going to a JUCO elsewhere, but would have never been able to pursue that and then experience it and college life if I never got those initial loans. THe experience and independence gained is irreplaceable. The education was nice too.
My payemnts right of college were hard to manage until I was able to go the income-based-repayment route and saved me a lot of stress on a month-to-month basis. Trying to keep it affordable is key #1 when you start paying it back. I managed until I started making good money and have since paid it off.
My advice...Just have a plan.
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Hang in there man. It sounds like you have your head on straight. Just grind, and keep chipping away. You'll get it done.
al audi
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Jking I just wanna say...... respect man.....you're a strong, smart dude. In the end you'll be alright.
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How many years of experience do u have?
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I don't regret it and I work in the financial aid field now
biggest thing I can tell students is don't be that moron that takes out excessive money so you can fake stunt then owe much more than you should in the end
biggest thing I can tell students is don't be that moron that takes out excessive money so you can fake stunt then owe much more than you should in the end
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Who would do something like that?
http://www.google.com/url?sa=i&rct=...q7GKfbSiQ3dfKYwnpLU6_T-g&ust=1400164864730740
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I started at NASA Jan 2010 so 4.5 years. I was an junior accountant when i graduated at Laureate Education and interned at T. Rowe Price during college. I have had some luck on my way and i have worked hard to get where i am. But it is hard to not fantasize some times how well off i would be with 0 college debt
. I wouldn't know what to do with $1100 extra spending cash a month.....da hemi?But i won't soap box my hate for the system because in the end it was all my fault and my ignorance that put me where i am.
But if i could reform things i would just allow finance classes in all high school and have a college prep courses. Doing everything on your own as a 16-17-18 year old is hard. Setting up visits dolo, trying to find out about financial aid and grants dolo is tough for a kid. Also allow you to take classes in your first 2 years of college that aren't just prerequisites. I had no clue what i wanted my major to be when i had to declare to get into the business school. I had not one single engineering course offered....i wish i knew what an engineer did before i said..."uhhhh i guess business?"
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too bad none of you are chicks
you can ho yourself out by stripping or doing porn and get yourself out of debt
you can ho yourself out by stripping or doing porn and get yourself out of debt
am1x90xnike
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Them chicks is hip, a couple of years for the rest of your life? yeah, if I could I probably would, most people have "secrets" if your secret allows you to be financially free than I aaeem mad.
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jking0821
... First off, your awareness of your financial situation and responsibility with managing your student loans is very respectable. Refreshing to hear that kind of thinking/story on NT and I'm sure you will be fine dude. Actually sounds like you are doing much better compared to most of your peers.I want to touch on this a little bit because I have a pretty average salary two years out of college but have been in a serious relationship that whole time. I'm no simp but real talk having a girlfriend is expensive as hell. It's important (for more than just financial reasons) that you get into a relationship with someone who doesn't expect you to pay for everything and be treated all the time. But even though my gf would buy me gifts, groceries, and even paid for dinner dates occasionally I basically have zero money saved up (aside from 10% that gets automatically taken out of my paycheck for savings) and I attribute it to being in that relationship. Getting my tax refund this year was a huge relief because I could stop literally living paycheck to paycheck and being stressed out not having that cushion money. Was the relationship worth it? Absolutely, I regret nothing. But it does suck knowing how much money I could've saved if I didn't have a gf and lived more low key. If you find the right girl it's definitely worth it though. I'm not even with this girl I'm talking about any more and still have no regrets.
Also, to you more mature guys dating/looking for serious relationships right now... How much importance do you place on your girls financial literacy and debt? Just found out my new gf is going to be graduating with zero debt and she goes to an Ivy League school. She's done a bunch of internships also so I'm sure she'll be employed out of college. Was a huge relief for me. I don't think I could date a chick post-college with no job or a bad job and a lot of debt.
al audi
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