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How many OTer's owe (or at one point) over 50K in student loans?

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  1. jesterwords jesterwords is offline

    Posts: 20,674
    Joined: Jan 06

    Feb 10th, 2012 (2/10/2012 12:24am)

    I'm trying to teach my kids to get through school without using student loans. My oldest is working her way through community college and is allowed to live at home for free as long as she pays for her own classes.

    My 12 year old already has an etrade stock account, a 'super savings' account, and another bond "account" (not really an account, more like a safe with series EE bonds... anywhooo). At 14 years old I can get her certified to be a soccer referee. They pay linesman $40+ / game (70 to 90 minutes). After her first game she will open her first Roth IRA as well as sock away more into her super saver, and then she'll get to keep some for spending money. Other people are putting money into the stock account so that will remain the same. She will have a good bit saved up by the time she gets to college. As well, she's fawking smart (you can search my post history on brags about my daughter, it is no joke) so she wants to get a scholarship. if she can get a scholarship then she has the means to pay for nice housing for herself, etc, by not using the tuition money she has already saved up.

    My 8 year old will follow the path of my 12 year old.... but anyway.

    How many people did not have a choice but to pay for school with all student loans? You are behind before you even start it seems. How is that fair, seems like someone sold a real shit burger of a dinner to a lot of people. Shit burger is my word of the night.
    Edited By: jesterwords Feb 10th, 2012 at 12:25 AM
  2. jolvlomma jolvlomma is offline

    Philadelphia, PA
    United States

    Posts: 649
    Joined: Jul 07

    Feb 10th, 2012 (2/10/2012 12:27am) in reply to jesterwords

    had about a hundo after graduation. chose the 10 year payment plan thing, came out to like 1100/month. been paying 1500 for the past 3.5 years. its currently at like 52K. fuckin sucks
  3. krispycream krispycream is offline

    PA
    United States

    Posts: 813
    Joined: Sep 07

    Feb 10th, 2012 (2/10/2012 12:33am) in reply to jesterwords

    only about $12k, but i've been paying $108/month for about 3 years and have somehow only gotten my principal down about $11k.. interest is the fucking rake
    Edited By: krispycream Feb 10th, 2012 at 12:34 AM
  4. Niceguy Niceguy is offline I will find you.

    NV
    United States

    Posts: 18,944
    Joined: Jul 06

    Feb 10th, 2012 (2/10/2012 12:42am) in reply to krispycream

    Man, that house sounds stressful.
  5. phish42O phish42O is offline

    Houston, TX
    United States

    Posts: 3,728
    Joined: Jun 06

    Feb 10th, 2012 (2/10/2012 12:50am) in reply to Niceguy

    125 upon graduation.

    Down to 80 after three years.
  6. jesterwords jesterwords is offline

    Posts: 20,674
    Joined: Jan 06

    Feb 10th, 2012 (2/10/2012 12:54am) in reply to Niceguy

     
    Originally Posted by Niceguy View Post

    Man, that house sounds stressful.

    mine?

    its quite relaxed actually
    Thread Starter
  7. SyphonSoul SyphonSoul is offline

    Posts: 5,005
    Joined: Aug 07

    Feb 10th, 2012 (2/10/2012 12:55am) in reply to jesterwords

     
  8. Wooz.PG Wooz.PG is offline

    United Kingdom

    Posts: 352
    Joined: Mar 09

    Feb 10th, 2012 (2/10/2012 12:55am) in reply to SyphonSoul

    Parents paid for my degree and I lived at home for free during it. Fees were only 3k per year when I went tho, just jumped up to 9k(~$15k) this year.
  9. Xmas32 Xmas32 is offline

    Omaha, NE
    United States

    Posts: 5,221
    Joined: May 05

    Feb 10th, 2012 (2/10/2012 12:55am) in reply to Wooz.PG

    I only had to dip into a small amount of student loans (~5k) when I completed my undergrad, which I paid off promptly. I have a couple friends with large amounts of (50k+) student loan debt but they're exclusively from post graduate education. I understand going into student loan debt if you get into a great school (Ivies, etc) and the academic burden is such that working would prove hazardous to your grades. I got into some pretty good colleges out of HS (Creighton, Marquette, Rockhurst, BC) and while I would've liked to go to those schools, even with financial aid I probably would've been stuck with $50k+ in debt (my financial aid needs were deemed low because my parents made pretty good money) so I had to make the tough call and weigh whether getting a degree from those schools was worth going into massive debt. I feel bad for kids however, who get stuck with massive student loan debts from pretty ordinary schools (University of Nebraska system in my state's case). On the other hand I think, 'damn, get a fucking job and don't party so much'.

    That's quite a ramble...yikes.
    Edited By: Xmas32 Feb 10th, 2012 at 12:57 AM
  10. TheSilentBob TheSilentBob is offline

    Indianapolis, IN
    United States

    Posts: 3,018
    Joined: Nov 06

    Feb 10th, 2012 (2/10/2012 12:56am) in reply to Xmas32

    I am a member of the 50K club.
  11. Autolobotomist Autolobotomist is offline playing air is my style? so what

    Tempe, AZ
    United States

    Posts: 10,059
    Joined: Jun 07

    Feb 10th, 2012 (2/10/2012 12:57am) in reply to TheSilentBob

    "shit burger" is two words.
  12. SoCalDrew SoCalDrew is offline Moderator

    Dallas, TX
    United States

    Posts: 14,285
    Joined: Sep 05

    Feb 10th, 2012 (2/10/2012 12:57am) in reply to Autolobotomist

    30k ish
     
  13. jesterwords jesterwords is offline

    Posts: 20,674
    Joined: Jan 06

    Feb 10th, 2012 (2/10/2012 12:58am) in reply to Autolobotomist

     
    Originally Posted by Autolobotomist View Post

    "shit burger" is two words.

    not when I say it out loud
    Thread Starter
  14. TpocketT TpocketT is offline

    Posts: 2,478
    Joined: Jun 07

    Feb 10th, 2012 (2/10/2012 1:00am) in reply to jesterwords

    graduated like 3 and a half years ago around 28k, only down to 24k but I've also only had a real job for like 3 months.
  15. Autolobotomist Autolobotomist is offline playing air is my style? so what

    Tempe, AZ
    United States

    Posts: 10,059
    Joined: Jun 07

    Feb 10th, 2012 (2/10/2012 1:02am) in reply to jesterwords

     
    Originally Posted by jesterwords View Post

    not when I say it out loud

    :D

    youtube?
  16. Jaybone2315 Jaybone2315 is offline Professional Couch Ruiner

    San Diego, CA
    United States

    Posts: 27,305
    Joined: Jul 06

    Feb 10th, 2012 (2/10/2012 1:32am) in reply to Autolobotomist

    100k.

    Fml
  17. tommpat2000 tommpat2000 is offline Chief Asshat

    Saint Paul, MN
    United States

    Posts: 13,498
    Joined: Apr 06

    Feb 10th, 2012 (2/10/2012 1:37am) in reply to Jaybone2315

    dropped out of college to avoid loans, no idea if it was the right idea at this point but glad I have zero debt
  18. Luho Luho is offline

    Columbia, MO
    United States

    Posts: 5,212
    Joined: Jul 07

    Feb 10th, 2012 (2/10/2012 1:40am) in reply to tommpat2000

    Didn't read anything, only title.

    Had 92K in loans. My employer is paying it off for me
     
  19. MyJobisYou MyJobisYou is offline Banned Scammer

    United States

    Posts: 4,961
    Joined: Dec 08

    Feb 10th, 2012 (2/10/2012 1:43am) in reply to Luho

    Had ~3500$ in loans, have 1k left, dropped out after a year, wouldn't be doing what I'm doing now if I had more student loan debt and I'll never regret dropping out however I'm disappointed I will never know what it feels like to have a college degree. 1 long sentence.
  20. dolphin13 dolphin13 is offline OT Vice MVP

    Chicago, IL
    United States

    Posts: 23,740
    Joined: Jan 07

    Feb 10th, 2012 (2/10/2012 1:44am) in reply to MyJobisYou

    The plan I followed worked out for my major (journalism). I stayed at home and went to community college and worked for a pretty big newspaper. Then I went to Eastern Illinois and kept working. I busted my ass applying for scholarships and got around 13k in scholarships for my final two years..

    People waste so much money on education and get so far in debt. Had some friends go to out of state schools just cuz friends were going there/it was a party school. Such a waste. Like someone else said, unless your going to a really top notch university, it's dumb to go get in so much debt
  21. jolvlomma jolvlomma is offline

    Philadelphia, PA
    United States

    Posts: 649
    Joined: Jul 07

    Feb 10th, 2012 (2/10/2012 1:49am) in reply to Luho

     
    Originally Posted by Luho View Post

    Didn't read anything, only title.

    Had 92K in loans. My employer is paying it off for me

    i need to work where you work
  22. LeftyMark LeftyMark is offline Boss of Birds

    MA
    United States

    Posts: 22,782
    Joined: Jan 07

    Feb 10th, 2012 (2/10/2012 1:51am) in reply to jolvlomma

    My parents wrote a check for my education. I'll be doing the same for my daughter.
  23. dolphin13 dolphin13 is offline OT Vice MVP

    Chicago, IL
    United States

    Posts: 23,740
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    Feb 10th, 2012 (2/10/2012 1:52am) in reply to LeftyMark

    Pretty sure the customers at the strip club will be paying for your daughters "education"
  24. MyJobisYou MyJobisYou is offline Banned Scammer

    United States

    Posts: 4,961
    Joined: Dec 08

    Feb 10th, 2012 (2/10/2012 1:55am) in reply to dolphin13

    Nahhh lefty's gonna find his daughter on a free webcam somewhere sticking toothbrushes up her butthole, self education ftw
    Edited By: MyJobisYou Feb 10th, 2012 at 01:56 AM
  25. LeftyMark LeftyMark is offline Boss of Birds

    MA
    United States

    Posts: 22,782
    Joined: Jan 07

    Feb 10th, 2012 (2/10/2012 1:57am) in reply to MyJobisYou

    If I did I can't say I wouldn't give it a quick shake.
  26. playwithfire05 playwithfire05 is offline

    Indianapolis, IN
    United States

    Posts: 3,827
    Joined: Aug 07

    Feb 10th, 2012 (2/10/2012 2:01am) in reply to LeftyMark

    +1 to the over 50k club.
  27. dolphin13 dolphin13 is offline OT Vice MVP

    Chicago, IL
    United States

    Posts: 23,740
    Joined: Jan 07

    Feb 10th, 2012 (2/10/2012 2:02am) in reply to MyJobisYou

     
    Originally Posted by MyJobisYou View Post

    Nahhh lefty's gonna find his daughter on a free webcam somewhere sticking toothbrushes up her butthole, self education ftw


    I'll vote 2 girls, 1 horse
  28. RhoNin RhoNin is offline

    Rheinbach
    Germany

    Posts: 193
    Joined: Jul 11

    Feb 10th, 2012 (2/10/2012 2:12am) in reply to dolphin13

    I've always been amazed by the huge amounts of dollars Americans have to pay for education - just unreal.
  29. SoCalDrew SoCalDrew is offline Moderator

    Dallas, TX
    United States

    Posts: 14,285
    Joined: Sep 05

    Feb 10th, 2012 (2/10/2012 2:20am) in reply to RhoNin

     
    Originally Posted by RhoNin View Post

    I've always been amazed by the huge amounts of dollars Americans have to pay for education - just unreal.


    keep in mind that $1 US = like 0.05 euros these days...
     
  30. killingbird killingbird is offline

    Cary, NC
    United States

    Posts: 2,524
    Joined: Aug 07

    Feb 10th, 2012 (2/10/2012 2:43am) in reply to SoCalDrew

    think i ended with about $15K in loans as I worked full time all the way through college. Fortunately was able to pay them off pretty quick because I'm a life bankroll nit.
     
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