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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.
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I'm not saying that you don't have valid reasons for regret, but your situation is far form sad.I whole heartily regret it. My biggest regret in my entire life was college.
Graduated from Drexel University with a Business degree...minored in finance and accounting...landed the job i wanted as a financial analyst at NASA. Still have 60k in debt im 26 years old and have already paid 25k. My loan payments are $1,100 a month....i make 75k a year...which with my loan payments basically is like making 40k.
You work your *** off at your job just to try to get your nose above the water line so you can breath some air. I am finally there but with the loan payments and rent i live off 1 paycheck a month...and thats not even counting car, cell phone, gas and other essentials. By the time i hit 80-90k i might be living like a normal person. I won't be "free" until im in my 40s.
That thought constantly weighs on me, it hampers everything in my life. I have second thoughts about getting into a relationship because i can't afford it...can't even think about if i knocked a girl up and had to pay for a kid....my life would be ruined. All i can take from it is i got got by the system.
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.
To pay these debts off or get on track to pay them off, IMHO is to live a humble and minimalist lifestyle.
yupThat'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.
Ya know, I wish somebody would've told me. Although, to be fair, I'm not sure I would've listened then.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.
I have second thoughts about getting into a relationship because i can't afford it...can't even think about if i knocked a girl up and had to pay for a kid...
possibly my BIGGEST fear right now...not that im smashing much right now :\
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.I am looking at Drexel University for Grad School. How was your support with the Professor when you graduated to look for employment and how was your 4 years at the University?
Holy ****, bro.. $1,100 a month!!!???!!
Why don't you consolidate? Have you asked your job about loan reimbursement?
i vaguely remember jking talking about his situation in past threads and if i recall, i think they are private loans
unfortunately, there's not much people can do to protect themselves against the insane stipulations that come attached...people dont qualify for the same protections (income based repayment, public service, etc.)
the only benefit with a private loan is that if a person is fortunate enough to find a cosigner with great credit, the interest rates (for now) are low...they are usually based on PRIME or LIBOR rates +3 (or whatever)...i think fixed rates come with higher rates...
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.
Hang in there man. It sounds like you have your head on straight. Just grind, and keep chipping away. You'll get it done.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.
How many years of experience do u have?I whole heartily regret it. My bigg
est regret in my entire life was college.
Graduated from Drexel University with a Business degree...minored in finance and accounting...landed the job i wanted as a financial analyst at NASA. Still have 60k in debt im 26 years old and have already paid 25k. My loan payments are $1,100 a month....i make 75k a year...which with my loan payments basically is like making 40k.
You work your *** off at your job just to try to get your nose above the water line so you can breath some air. I am finally there but with the loan payments and rent i live off 1 paycheck a month...and thats not even counting car, cell phone, gas and other essentials. By the time i hit 80-90k i might be living like a normal person. I won't be "free" until im in my 40s.
That thought constantly weighs on me, it hampers everything in my life. I have second thoughts about getting into a relationship because i can't afford it...can't even think about if i knocked a girl up and had to pay for a kid....my life would be ruined. All i can take from it is i got got by the system.
Who would do something like that?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
Too much realness for one post.That thought constantly weighs on me, it hampers everything in my life. I have second thoughts about getting into a relationship because i can't afford it...can't even think about if i knocked a girl up and had to pay for a kid....my life would be ruined. All i can take from it is i got got by the system.
How many years of experience do u have?I whole heartily regret it. My bigg
est regret in my entire life was college.
Graduated from Drexel University with a Business degree...minored in finance and accounting...landed the job i wanted as a financial analyst at NASA. Still have 60k in debt im 26 years old and have already paid 25k. My loan payments are $1,100 a month....i make 75k a year...which with my loan payments basically is like making 40k.
You work your *** off at your job just to try to get your nose above the water line so you can breath some air. I am finally there but with the loan payments and rent i live off 1 paycheck a month...and thats not even counting car, cell phone, gas and other essentials. By the time i hit 80-90k i might be living like a normal person. I won't be "free" until im in my 40s.
That thought constantly weighs on me, it hampers everything in my life. I have second thoughts about getting into a relationship because i can't afford it...can't even think about if i knocked a girl up and had to pay for a kid....my life would be ruined. All i can take from it is i got got by the system.
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
too bad none of you are chicks
you can ho yourself out by stripping or doing porn and get yourself out of debt