How much student loan debt do you have? - Page 2 - Mothering Forums

View Poll Results: How much do you (and your DP/SO) owe?
$0 81 30.80%
$1.00 to $1,000 3 1.14%
$1,000 to $5,000 14 5.32%
$5,000 to $10,000 21 7.98%
$10,000 to $20,000 38 14.45%
$20,000 to $30,000 33 12.55%
$30,000 to $50,000 29 11.03%
$50,000 to $75,000 17 6.46%
$75,000 to $100,000 13 4.94%
$100,000 to $200,000 12 4.56%
Over $200,000 2 0.76%
Voters: 263. You may not vote on this poll

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Old 12-11-2007, 01:14 AM
 
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$121k for me, $45k for DH. For one law degree and 2 state-school bachellors degrees.
ok -- so you are a laywer, can you give me some free legal advice.


KIDDING! No issues here, just thought I'd say it. Kind of like when people find out someone is a dr or something.
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Old 12-11-2007, 01:21 AM
 
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$600
DH has about $10k

Amy ~ Web Designing Single Mom to 4: DD14, DS12, DS5, DS3
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Old 12-11-2007, 01:29 AM
 
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We had 30k combined. Paid that off pretty quickly. We did use some wedding gift money for that. We had a pretty frugal wedding and most of it were paid by parents, so we saved the gift money for student loan.

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Old 12-11-2007, 01:33 AM
 
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about $13K
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Old 12-11-2007, 01:35 AM
 
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When all is said and done, between the two of us we'll hit at least $25,000. We also both get the full amount of grants that you can get. I am hoping that we can stop getting student loans BEFORE we're done with college, and just swing it with grants. We're both still in college.

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Old 12-11-2007, 01:42 AM
 
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Now that's one kind of debt we don't have.

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Old 12-11-2007, 01:56 AM
 
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I don't know the exact amount, but it's between 50K-75K for law school, which would have been well worth it if I had not become disabled.
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Old 12-11-2007, 01:57 AM
 
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$900. It will be paid off by the end of the month, and most of it by Friday. That is down from $30 000 two years ago. That's for both of us. We also don't have any other debt, except for a car loan for the car we bought in May. It will be the next thing on the chopping block!
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Old 12-11-2007, 02:15 AM
 
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Zero - I went to a state school for undergrad and with financial aid I think I only had about $1000 in debt when I graduated. For grad school I did a program that was half price for most classes because it was focused on urban education. I was able to pay as I went.

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Old 12-11-2007, 02:31 AM
 
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$0, BA in economics for me, MBA for dh

We paid as we went, used our veterans' benefits and employer tuition assistance, and ate a lot of veggie meals. It was worth it, I am a sahm and dh is happy in his career.

edit:

OK, I'm editing after rereading my post. What I didn't say was that although dh and I paid our actual tuition ourselves, we had other forms of help from our families, especially dh's parents. They were very supportive and helped us in material and nonmaterial ways any way they could.
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Old 12-11-2007, 02:32 AM
 
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Well, DH still has a year left, but we'll only have 15,000 at the most (about 18,000 w/interest by the time we pay them off about 2-4 years after DH is done- we made sure to have a payment plan that we could stick to worked out BEFORE we took out the loan). We set a max amount that we're allowing ourselves to take out. Seems pretty decent compared to some, I suppose. (I, personally, have no loans from school)

This was our first year of taking out a loan of ANY type, so also our first debt ever, but we consider student loans to be an investment.
Oh, I should also mention that the only reason we have student loans is for living expenses for these 2 years. DH's school is paid for with scholarships and grants, but we're taking out $7,500 for each to help with living expenses as he's going for about 20-24 credits each semester and we'd rather he be able to focus on school and only work 1 weekend at his job (still, 48 hours- he's an EMT) and live off of our savings (which we built up specifically for this time), than have to prolong his schooling and end up costing us even more in the end.

So that makes our situation a little different, I guess...since our loans are actually paying directly for school.

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Old 12-11-2007, 02:36 AM
 
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Around 12,000 between DH and I.

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Old 12-11-2007, 02:44 AM
 
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I have my bachelors. I started off with $15,000, but I think its down to around $10,000 now.

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Old 12-11-2007, 06:29 AM
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About $27k for me and another $3k for DH. He is in grad school but gets a tuition waiver and stipend and I have a good job so we haven't taken out any for this round of schooling. Last year at this time it was $35k so I think we are doing pretty well.
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Old 12-11-2007, 07:06 AM
 
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I personally have never had student loan debt...worked and paid my way through college

but when I married my dh I inherited his student loans (and cc's) debt and it took us 5 years to pay off nearly 100K

the student loans accounted for approximately 35K
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Old 12-11-2007, 08:56 AM
 
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DH and I owe about 60K in student loans, down from about 76K. I have a BA and he has a JD/MBA.
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Old 12-11-2007, 09:50 AM
 
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I only did two years at a private college - My payment was small $55.13 and was paid off within five years.
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Old 12-11-2007, 11:22 AM
 
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We started out with 45k for both me and DH. Paid it down to 10K in 3 years before I went back to grad school. Now about 8k left, but we are just making minimum payments.

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Old 12-11-2007, 12:44 PM
 
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Originally Posted by MorganRiley View Post
I personally have never had student loan debt...worked and paid my way through college
I know this probably isn't meant this way, but I have to comment. It is very, very possible to have worked all the way through college and still have student debt.
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Old 12-11-2007, 02:06 PM
 
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$0
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Old 12-11-2007, 02:09 PM
 
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i owe still 10000
and i still DON'T have any degree (two classes away from an associates)...and i so want to get my bachelors in education but I just cannot fathom going into debt for it.

Proud Momma of 2 boys R(6) L(4) & finally a GIRL (5/29/10)
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Old 12-11-2007, 02:11 PM
 
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None ... my parents paid for my BA. I did get a scholarship though I didn't take it up because it would limit what I had to study in university. DH got a 0% loan for his bachelor of engineering and he was paid to do a masters in engineering so that was kind of a free ride.
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Old 12-11-2007, 02:14 PM
 
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Had $12,000
Down to $6,000-$7,000 now
Trying to make it go away!

-Rachel

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Old 12-11-2007, 02:26 PM
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Originally Posted by avengingophelia View Post
I know this probably isn't meant this way, but I have to comment. It is very, very possible to have worked all the way through college and still have student debt.
:
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Old 12-11-2007, 03:55 PM
 
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Well it's not MINE exactly, the loans are my dh's, but I think it's in the 20-30K range now, maybe a bit over 30, not positive on that. Would be zero if it were up to me, but HE insisted on going to school even though we couldn't pay for it out of pocket. w/e

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Old 12-11-2007, 04:01 PM
 
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I know this probably isn't meant this way, but I have to comment. It is very, very possible to have worked all the way through college and still have student debt.
True. Everyone has a different situation. My dh HAD school money, it was left for him by his grandma, but he was underage and his mother had "control" of the $, so she took it and put it up her nose.
DH went into the military for school money, did the 4 years active duty, got out and got a civilian job...then while working that job, he joined the Air Nat'l Guard AND went to school. So he worked TWO jobs while going to school full time and being a husband and father...still wasn't enough money to pay for all of his classes. FYI (for those wondering), military does NOT pay for all school costs, they did cover some however.

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Old 12-11-2007, 04:21 PM
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I have none now. I got lucky, had a good job through my undergrad and only owed $10,000. Worked and paid it off before the MA, got scholarships and only owed $5000 by the time it was done. Paid that off a few years ago. Did the last one on full scholarship and working.
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Old 12-11-2007, 04:28 PM
 
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none for me.

The Army paid for my undergrad and my grad school was fully paid (eveing program) by my employer.

Third generation WOHM. I work by choice.
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Old 12-11-2007, 04:32 PM
 
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If my parents hadn't paid for my schooling in full, I'm not sure I would have gone. I basically went because it was expected of me, not because I actually gained anything useful from it.

I'm encouraging my kids to think long and hard before going to college- I'm not saying they won't go, but it won't be an automatic thing either. DD2 already knows she wants to be a chiropractor and will definitely go to college followed by Chiroractor school (or a 7 year program that does both.)

No way will I let them get saddled with debt if they don't know what they want out of their degrees.

Ruth, single mommy to Leah, 19, Hannah, 18 (commuting to college), and Jack, 13(homeschooled)
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Old 12-11-2007, 05:14 PM
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Ready for this one ladies?...I think I'm the lucky winner....

300K between DH and me!:

DH has loans from undergrad and we both went to chiropractic school, after associateships for 3 years (that pay next to nothing) we are starting our own practice which means...you guessed it...more loans!

I don't even like to think about the numbers, they make me hyperventilate. Good thing I love what I do, because I'll pay for it forever!

I'm gonna go puke now....
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