1. What types of loan(s) have you taken out?
Sounds dumb, but I don't even remember. (I graduated in Dec 2002). We consolidated it all with Sallie Mae except for a small state no-interest loan (which we paid off).
2. How much do you have in student loans?
DH and I had a combined principal of $26k when we consolidated.
3. If you regret taking out loan(s) what would you have done differently?
I'm ok with the fact that I took out loans but still would have done things differently. First, I barely worked at all through college, just summers and it was all basically blow money. If I did it again I would have gotten some on-campus job, computer help desk or cafeteria or something. For ME, I would not have found this distracting from my studies -I hardly had to study anyway.
Next, they just sent me a check every now and then. So the loans covered a lot of my living expenses and not just tuition and books. I actually knew better, every time I deposited a check I'd say to myself "Laohaire, this is more than you need, you should just figure out what you think you need and write a check for the rest." Sigh. I never got around to it. I'm still paying for it.
DH was better than I was - he worked part time, etc. But he didn't get as many grants as I did (I had higher grades, etc.), so the loan is pretty evenly divided between his and mine.
4. Were/are you able to make your payments after graduation?
Yes. Our minimum payment is $165 a month. It's not a lot. I just hate that it will be a weight around our necks for so long - I think it was a 20 year payment? I've been paying it for 7 years, and now we have a plan to pay it off in about 3 more years by paying $510 a month.
My point of view is extremely unpopular, but in our case, our college degree has done squat for us in terms of employment.
DH now works for himself, and not in anything that he learned in college.
I work for a high school dropout (a very smart one). He could not care less about my college degree.
My college degree didn't make me appear, act or actually be any more educated. It's a state college so the name wouldn't impress anyone (I graduated with a 4.0 average - 3.99 actually - but nobody cares). If I went to Brown or something, I have no doubt it would have had a positive effect on my employment (in the right location, industry and economy at least).
I could not have predicted our circumstances but if I could know what I know now and could do it over, I would have dropped out of college after I met my husband there
Meeting him was the sole value I got out of college - and a great one!