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

Forum Jump: 
Reply
 
Thread Tools
#31 of 91 Old 12-11-2007, 12:14 AM
 
Logan's Mom's Avatar
 
Join Date: Mar 2006
Posts: 1,453
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Quote:
Originally Posted by Belleweather View Post
$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.
Logan's Mom is offline  
#32 of 91 Old 12-11-2007, 12:21 AM
 
Mama Dragon's Avatar
 
Join Date: Dec 2005
Location: Apparently on MDC
Posts: 11,061
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
$600
DH has about $10k

Amy ~ Web Designing Single Mom to 4: DD14, DS12, DS5, DS3
Mama Dragon is offline  
#33 of 91 Old 12-11-2007, 12:29 AM
 
Poddi's Avatar
 
Join Date: Feb 2003
Location: BC, Canada
Posts: 1,928
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
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.

Mom to 2 beautiful autistic boys (12 & 11)  
Poddi is online now  
#34 of 91 Old 12-11-2007, 12:33 AM
 
TattooedMama's Avatar
 
Join Date: Aug 2005
Location: knitting,cooking,laundry,rinse,repeat
Posts: 1,824
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
about $13K
TattooedMama is offline  
#35 of 91 Old 12-11-2007, 12:35 AM
 
HRC121799's Avatar
 
Join Date: Aug 2003
Posts: 2,225
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.

~Rose~ 

Homeschooling Mom to Two Boys, 13 & 9. rainbow1284.gif Baby Girl Arriving April 2013!

HRC121799 is offline  
#36 of 91 Old 12-11-2007, 12:42 AM
 
phathui5's Avatar
 
Join Date: Jan 2002
Location: Oregon
Posts: 17,474
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Now that's one kind of debt we don't have.

Midwife (CPM, LDM) and homeschooling mama to:
13yo ds   10yo dd  8yo ds and 6yo ds and 1yo ds  
phathui5 is offline  
#37 of 91 Old 12-11-2007, 12:56 AM
 
Iris' Mom's Avatar
 
Join Date: Aug 2007
Posts: 2,449
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
Iris' Mom is offline  
#38 of 91 Old 12-11-2007, 12:57 AM
 
dealic's Avatar
 
Join Date: Feb 2007
Posts: 1,105
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
$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!
dealic is offline  
#39 of 91 Old 12-11-2007, 01:15 AM
 
lucky_mia's Avatar
 
Join Date: Mar 2007
Posts: 708
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.

Let them sleep in the middle, Let them be little
lucky_mia is offline  
#40 of 91 Old 12-11-2007, 01:31 AM
 
PajamaMama's Avatar
 
Join Date: Dec 2004
Location: KC metro area
Posts: 3,519
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
$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.
PajamaMama is offline  
#41 of 91 Old 12-11-2007, 01:32 AM
 
1babysmom's Avatar
 
Join Date: May 2006
Posts: 4,953
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by 1babysmom View Post
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.

Me (27) DH (30)...9 Years

DD (7) ~ DD (4) ~ DS (3)

Praying our April 2013 baby sticks!! joy.gif


Babies in Heaven...angel.gif 9/04 angel.gif 2/05 angel.gif 3/11 angel.gif 4/11 angel.gif 6/11 angel.gif 11/11 angel.gif 2/12 (along with my tube greensad.gif )

 

1babysmom is offline  
#42 of 91 Old 12-11-2007, 01:36 AM
 
Amylcd's Avatar
 
Join Date: Jun 2005
Posts: 4,156
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Around 12,000 between DH and I.

knit.gifMom of Many  jumpers.gif

Amylcd is offline  
#43 of 91 Old 12-11-2007, 01:44 AM
 
Tilia's Avatar
 
Join Date: Nov 2006
Location: Iowa
Posts: 2,721
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
I have my bachelors. I started off with $15,000, but I think its down to around $10,000 now.

treehugger.gifearth.gifribbonwhite.gif Anne (31), single WOHM to Karen (5)ribbonyellow.gifshamrocksmile.giffambedsingle1.gifjoy.gif
Tilia is offline  
#44 of 91 Old 12-11-2007, 05:29 AM
Banned
 
Join Date: Mar 2006
Location: the Circle K
Posts: 6,047
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
lalaland42 is offline  
#45 of 91 Old 12-11-2007, 06:06 AM
 
MorganRiley's Avatar
 
Join Date: Jun 2007
Location: green green Oregon
Posts: 1,165
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
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
MorganRiley is offline  
#46 of 91 Old 12-11-2007, 07:56 AM
 
wednesday's Avatar
 
Join Date: Apr 2004
Location: North Carolina
Posts: 5,545
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
DH and I owe about 60K in student loans, down from about 76K. I have a BA and he has a JD/MBA.
wednesday is offline  
#47 of 91 Old 12-11-2007, 08:50 AM
 
mmace's Avatar
 
Join Date: Feb 2002
Location: Southwestern Pennsylvania
Posts: 3,066
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I only did two years at a private college - My payment was small $55.13 and was paid off within five years.
mmace is offline  
#48 of 91 Old 12-11-2007, 10:22 AM
 
SeekingJoy's Avatar
 
Join Date: Apr 2007
Location: North Carolina
Posts: 2,553
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.

Happy wife to DH superhero.gifand mama to DS signcirc1.gif11/05 and DD energy.gif8/07.
SeekingJoy is offline  
#49 of 91 Old 12-11-2007, 11:44 AM
 
Scribe's Avatar
 
Join Date: Feb 2007
Location: Probably at the thrift store
Posts: 3,961
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
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.
Scribe is offline  
#50 of 91 Old 12-11-2007, 01:06 PM
 
January---'s Avatar
 
Join Date: Aug 2007
Posts: 47
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
$0
January--- is offline  
#51 of 91 Old 12-11-2007, 01:09 PM
 
Mommabean's Avatar
 
Join Date: Sep 2006
Location: Under all the clutter
Posts: 891
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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)
..Fused & Fabulous!
Mommabean is offline  
#52 of 91 Old 12-11-2007, 01:11 PM
 
schrocat's Avatar
 
Join Date: Jun 2006
Posts: 173
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
schrocat is offline  
#53 of 91 Old 12-11-2007, 01:14 PM
 
BurtsGirl's Avatar
 
Join Date: Dec 2006
Location: SC, USA
Posts: 2,298
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Had $12,000
Down to $6,000-$7,000 now
Trying to make it go away!

-Rachel

BurtsGirl is offline  
#54 of 91 Old 12-11-2007, 01:26 PM
Banned
 
happyhippiemama's Avatar
 
Join Date: Apr 2004
Location: out in the hills of iiiiiiowwwwwaaa
Posts: 1,960
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
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.
:
happyhippiemama is offline  
#55 of 91 Old 12-11-2007, 02:55 PM
 
mykidsrock's Avatar
 
Join Date: Jun 2005
Location: Illinois- Quad Cities
Posts: 516
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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

Crunchy, Christ-lovin' mama to dd13, ds8, dd6, dd5, ds3  homeschool.gif intactlact.gif saynovax.gifuc.jpg

mykidsrock is offline  
#56 of 91 Old 12-11-2007, 03:01 PM
 
mykidsrock's Avatar
 
Join Date: Jun 2005
Location: Illinois- Quad Cities
Posts: 516
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
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.
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.

Crunchy, Christ-lovin' mama to dd13, ds8, dd6, dd5, ds3  homeschool.gif intactlact.gif saynovax.gifuc.jpg

mykidsrock is offline  
#57 of 91 Old 12-11-2007, 03:21 PM
mtm
 
mtm's Avatar
 
Join Date: Dec 2003
Posts: 1,481
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
mtm is offline  
#58 of 91 Old 12-11-2007, 03:28 PM
 
Ellien C's Avatar
 
Join Date: Aug 2004
Location: in the middle ages
Posts: 5,582
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
Ellien C is offline  
#59 of 91 Old 12-11-2007, 03:32 PM
 
Ruthla's Avatar
 
Join Date: Jun 2004
Location: Long Island, NY
Posts: 47,599
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
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, and Jack, 12
Ruthla is offline  
#60 of 91 Old 12-11-2007, 04:14 PM
HMB
 
HMB's Avatar
 
Join Date: May 2007
Posts: 122
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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....
HMB is offline  
Reply

Quick Reply
Message:
Drag and Drop File Upload
Drag files here to attach!
Upload Progress: 0
Options

Register Now

In order to be able to post messages on the Mothering Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off