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Thread: How much student loan debt do you have? Reply to Thread
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  Topic Review (Newest First)
01-14-2008 02:25 PM
EFmom None. Our parents both paid for our undergrad. We paid for our Master's degrees, which we got part time while working full time.
01-14-2008 01:13 PM
Contrariety $15,000 for me... and I don't even know how much for DH. He's still in school and we aren't paying on his yet. I am optimistic that we will start our TMMO next month and after a year for credit cards, that student loan is next on the list and will probably take two years to pay off.
01-14-2008 03:26 AM
Thalia $0

Both DH and I were very fortunate: our parents were willing and able to pay for our undergraduate education, which was not cheap.

I worked and got teaching assistantships and fellowships to pay for my doctorate.

DH paid off his master's degree a few years ago, about 5 years after graduating.

I'm very proud that my undergraduate institution is following Harvard's lead and has decided to give scholarships instead of loans to anyone who is admitted and needs financial aid. They already have a need-blind admission policy, so this should really make an impact in the lives of these students.
01-09-2008 07:01 PM
twogreencars A LOT - too much to even mention - that's DH and myself - two law degrees, two master's degrees ...

Nothing left on the UK law degrees and the BA's or the teaching certificates or certificates in Ecology and Conservation or the ....

OK - we have a lot of education here
12-14-2007 12:40 PM
annekevdbroek $0 - but we paid off about 85K the first few years of marriage. Most of the loans were mine from private grad school for my PhD. Both DH and I had scholarships, but mine did not cover the first 2 years. I worked full time, often two jobs, through undergrad, so I had no loans from my B.S. I was not at work full time during a doctorate program, nor would I have been able to afford the substantial tuition even if I had. (FWIW, grad school tuitions tend to be much higher than undergrad.)
12-14-2007 09:07 AM
dealic Ok, I would like to officially change my category. We are now DONE paying off our student debt!
12-14-2007 12:38 AM
Originally Posted by annethcz View Post
None, thank goodness. My parents paid for my college education, and we finished paying for DH's college loans a couple years ago.
Us too. We paid off dh's student loans before we had kids. He had a crazy consulting job for about 6 months while I was pregnant and worked 80 hour weeks - making overtime. We paid off our cars, student loans, cc's.
12-13-2007 11:45 PM
wombatclay Hmmmm... about 80k right now for dh and I.

That covers 2 BAs, 2 MAs, a PhD on hold (abd), and a PhD in process. I'm planning on getting an MLS in a year or two but that will be without loans.

I wish we didn't have that debt of course, but my only real regret is leaving my own PhD program without the degree. There were (and are) good reasons why I refocused my educational and personal path but it would be nice to have finished that degree!
12-13-2007 11:37 PM
greenegirl Neither of us took any school loans. We both got Associate's degrees at community colleges before we got our Bachelor's. DH lived with his parents all the way through college. I lived in a dorm my first year, but had a full tuition scholarship because of my grades in HS. When I married my first husband, I worked full time and went to school full time to finish my BS degree. I got tuition reimbursement for all but my last semester of school. My parents and I split the tuition for the last semester.

My bachelor's degree is from Harvard. However, I went to the Extension School, which is the evening division. It was cheaper to attend Harvard at night than it was to go to the University of Massachusetts! The Extension School used to advertise themselves as the best kept secret in Boston. Classes are held on the main Harvard campus, mostly taught by Harvard professors (some are visiting professors). It is a Harvard education for less than a state school price. You can't beat that deal! I was the youngest person in most of my classes as everyone else were adults returning to school. It is a different experience than the standard college experience, but totally worth it for me!

I am currently in law school and am planning to take no loans for that either. I got a substantial scholarship, which covers just under 75% of the tuition. We are paying the other 25% out of pocket.
12-13-2007 08:18 PM
~PurityLake~ Because neither one of us ever received a student loan in the first place.

My sister, on the other hand, owes about $30,000 in student loans, and she even attended the London School of Economics, as well as a few others.
12-13-2007 06:03 PM
MorganRiley didnt mean anything negative or uninformed by my original statement

let me re-phrase

I worked and made enough money to pay entirely for my college and bills and was lucky enough to not have to need to use student loans to pay for college.
oh and I did take a year off between grade 12 and college to save up a bunch

the lucky part was that I was a lifeguard and made really good money and the other part of the equation was that i went to a community college which cost so much less than university.
12-13-2007 04:34 PM
accountclosed3 HMB et al over $100k:

hugs to you and everyone well over $100k.

honestly, reading many your numbers made me feel so much better because 1. i don't feel as crazy (seriously, i had this delusion that i was rare to have this kind of debt because most of my friends either A. had their parents pay for school or B worked through school; as well as A. either didn't go to grad school or B. went to grad school and it was completely paid by the school, stipend, etc), and 2. i also feel the same way when i look at my numbers--i literally start an anxiety/shame cycle!

my husband is paid off, and i make monthly payments, but i owe $109,000 in school debt. i went to law school, graduated, but now i teach yoga.

we hope that my business will expand greatly in the next two years and that that expansion will allow us to pay off the whole debt in the next two years. Assuming things go the way that i hope they will. even if it only does half what we expect (which is what i make now), we've talked about putting all of that income toward the school loans, and paying it off in four years (right now, most of the income goes back into the business, to the minimum loan payment, and into our savings).

i so want this monkey off my back!
12-13-2007 03:51 PM
mclisa about 45k, for under grad and grad, but it's the only debt we have since the house is paid for.
12-13-2007 03:34 PM
oneKnight Roughly 9k for me, about 4k for DH. I worked through college and still had to take out loans. I quit college because I was getting too many loans and getting overwhelmed working and studying at the same time. So far, I do NOT regret this decision. I went because it was expected of me (by my parents and mom's parents) not because I really chose to. I did gain a lot of life experience, and I did enjoy the chemistry and algebra classes, but I didn't learn very much for all the $$. I'm with my dad's mom on this one, she supports me even though my immediate family is kindof disappointed.
12-13-2007 03:27 PM
Sonya77 I have 50K, hubby has around 3K

I went to school off and on for about 8 years...still haven't graduated.

I worked, but min wage and I had no help from family. So mostly the loans were to live off of.

Makes me ill. I'm a sahm now, so DH gets to pay off my debt. Keeps us from getting a house.
12-12-2007 06:44 PM
painefaria I worked hard to pay down my school by volunteering with AmeriCorps*NCCC $4725.00 a tour. I was able to pay off the rest of what I owed and put some aside for grad school

If I ever get there...
12-12-2007 06:17 PM
LilMama23 DP has $2K left, I have $15K.
12-12-2007 05:21 PM
RetroGeekGirl I've got a little under $80K for my BA and MA. If I had been a more financially savvy person, I would have realized it wasn't necessary to go that far into all that debt for school. But hindsight is 20/20....
12-12-2007 12:27 PM
Llyra I had about $30,000, but it's all paid off now. I finished paying it off in about nine years. I worked all through, and summers, and went to a state school, and got lots of non-loan aid, but I still wound up owing that much. I paid off a bunch of it with two years in AmeriCorps, and then paid off the rest slowly.

DH's parents supported him through school, so he didn't owe anything.
12-12-2007 12:59 AM
SabraMamma DH just finished his PhD and his loans from undergraduate forward are over $100K. He always had a research or teaching assistantship as a grad student but with little ones and me only working part time and us not using our money wisely, we always ended up with loans. I had a $25k loan from my grad school but we are down below $5K now paying that off. Oh it makes me sick. His loans are currently deferred but that won't last forever.
12-12-2007 12:47 AM
boysrus Dh and I are at $25,000. 10 years ago, he went to a provate automotive school (why oh why didn't we do community college?) and that was all loans. I went to cc for my first two years, and that was fully covered through grants. Now, I am going to 4 year. I applied late, and I took out $10,000 All of my tuition was coverd, I took out more for living. DH is in cc, and has grants. Hopefully next year, I will get scholarships and more grant money and not have to take out so much loan. I am doing Students in Service, which pays off the interest while I am enrolled, and then will forgive $2,400 of my loan.
And then, there will be grad school!!
12-11-2007 08:09 PM
Fyrestorm Mine was about $7000.00 all together after 4 years. I lucked out and was on almost a full scholarship. Most of my debt was for some books and travel.
12-11-2007 08:08 PM
ZanZansMommy $130,000 for me
$115,000 for Dh

$245,000 Total

The min due each month is more than our mortgage.
12-11-2007 08:02 PM
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.
Yup. We both did. But I also had kids and I needed the student loans to pay for daycare and living expenses that always popped up. As well as expenses incurred from dh's research he had to travel across the country for.
12-11-2007 08:01 PM
sunnmama I have between 2-3k of about 5k in debt. I had some scholarships, paid some as I went, and went to a cheaper state school.

We've paid off dh's loan, after 10 years of payments. His was about 16k (he had some grants, and went to a state school).

We both have Bachelor's degrees. Dh would like to return for his Master's, but it will be subsidized by his job (teacher).

Worth every penny, imo!
12-11-2007 07:56 PM
mbtmom2000 I am still in school.... however, I already owe $20,000. This is just for my BSN , and I still have 5 semesters to go. I do have grants/scholarships lined up for the Spring and plan to do the same for the rest of the semesters(hopefully!)

12-11-2007 07:12 PM
Originally Posted by HMB View Post
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 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....
That's okay, we'll be there soon enough. We have $160K between the two of us and DH is planning on going back to school. He'll qualify for loan forgiveness when he's done under the new College Opportunity bill and the National Health Sciences program, but until then... yeah, we'll break $300K.
12-11-2007 05:53 PM
Einen None for us.

I went to a state school and was supported by my parents.

Dh had a little scholarship money, a little support from his dad, paid as he went by giving music lessons and playing gigs, and paid off the rest in a few years after he was done.
12-11-2007 04:41 PM
PrettyBird I have about 17k left from my BS at a private school. I am in grad school but have not had to take out any more money for that. It is locked in at 2.7% and my payments are only about $150/month so it really isn't that bad.
12-11-2007 04:26 PM
Sharlla None, neither of us went to college. We went to vocational school at Jab Corps so it was free.
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