how much were you student loans and what's your monthly payment?

[Dear Summer]

I owe $12,000 from undergrad and $11,000 from postbac - $100 and $131 per month respectively

 

[ChaoZ]

Never took any loans so $0.

 

[sactoking]

~$20k for undergrad; ~$95/month (currently suspended, as I'm in grad school)

 

[sdifox]

no loan. Parents paid for it.

 

[TallBill]

$0

 

[evident]

$160 a month. $17k in loans and another $200 every 4 months for a $6k loan.

 

[jonks]

$150k grad school, federal and private

~1100/mo depending on prevailing interest rates, which are now close to zero, so it can only go up.

 

[Leros]

Originally posted by: jonks
$150k grad school, federal and private

~1100/mo depending on prevailing interest rates, which are now close to zero, so it can only go up.

Yikes. What was your major?

 

[duragezic]

$20k in Federal Direct -> $225/mo
$6k in Perkins loan -> $191/quarter = $64/mo (starting in a month or two)

The interest rates are pretty ridiculous... for those that went to school in the early part of 2000, I heard rates around 3-4%. Mine are about double that.

 

[jonks]

Originally posted by: Leros

Originally posted by: jonks
$150k grad school, federal and private

~1100/mo depending on prevailing interest rates, which are now close to zero, so it can only go up.

Yikes. What was your major?

these are law school loans, not undergrad.

 

[sactoking]

Originally posted by: duragezic
for those that went to school in the early part of 2000, I heard rates around 3-4%. Mine are about double that.

I graduated in June of 2003. I consolidated in late 2003/early 2004. With the ETF/ACH payment option and first year 'on-time' bonuses, I'm at <2%.

 

[gar3555]

$10K left started with $18K , minimum payment is $97, I set my auto pay at $150

edit: graduated in May 05

 

[ggnl]

About 16k when I graduated. $121 per month.

 

[Dear Summer]

Originally posted by: jonks

Originally posted by: Leros

Originally posted by: jonks
$150k grad school, federal and private

~1100/mo depending on prevailing interest rates, which are now close to zero, so it can only go up.

Yikes. What was your major?

these are law school loans, not undergrad.

that's a lot of debt

was law school worth it?

 

[jonks]

Originally posted by: Dear Summer

Originally posted by: jonks

Originally posted by: Leros

Originally posted by: jonks
$150k grad school, federal and private

~1100/mo depending on prevailing interest rates, which are now close to zero, so it can only go up.

Yikes. What was your major?

these are law school loans, not undergrad.

that's a lot of debt

was law school worth it?

It was for me. If I didn't have a job, then I'd probably be feeling a little different about it. 🙂

The private loans will be paid back in 13 years and the federal loans are locked in at about 2% so will only be about $150/mo till they're finished up in 22 years or so. ha.

 

[Kirby]

No loans yet!


*knocks on wood*

 

[Leros]

Originally posted by: jonks

Originally posted by: Leros

Originally posted by: jonks
$150k grad school, federal and private

~1100/mo depending on prevailing interest rates, which are now close to zero, so it can only go up.

Yikes. What was your major?

these are law school loans, not undergrad.

Still. I plan on going to graduate school for engineering. From what I'm hearing, a good portion of students get funded (tuition paid plus a little extra living money).

 

[DukeFan21]

~$10k, down to about $8.5k now (started my repayment period in December). My parents helped with some of my loans and my grandparents and great-aunt paid tuition for two of my 4 years. My payments come out to around $72 a month, but I'm ahead so right now I technically don't owe anything until April. I have 2 loans at 4.3%, and one at 6.8%. I went to a public school (Penn State)

 

[sactoking]

Originally posted by: Leros
Still. I plan on going to graduate school for engineering. From what I'm hearing, a good portion of students get funded (tuition paid plus a little extra living money).

Grad school is not really the same as law school.

Law school, like business school, is considered "professional school". They expect that you're attending in order to get into a certain profession. Fees aren't really subsidized, since many graduates who work in the fields can afford to pay once they graduate.

For grad school, the expectation is that the coursework offered is less geared toward 'how to do something' and more geared toward how to advance the field. Professional schools usually do not require a thesis or dissertation, whereas grad school considers them to be an integral part of your education.

Grad school funding is more readily available than professional school funding since, even if you NEVER do anything in your field again, your thesis or dissertation should have contributed to your field enough to have been worth the money.

At least, that's my take on the matter.

 

[HardcoreRobot]

undergrad was cheap + savings + small scholarship + job sr. year = no loans
grad paid by employer = no loans
$0 monthly pymt

 

[LegendKiller]

76K, 20K undergrad, 60K grad, $500/mo.

 

[RaistlinZ]

1st loan: $14k
2nd loan: 2.5k

Both fixed at 2.8% Monthly payment $140/mo total. Graduated 2002.

 

[brtspears2]

About $12k, $102 a month at 1.625% fixed. No hurry to pay this one off.

 

[polarmystery]

800/month for another 7 years...then it's 268/month for 20 more years.

 

[Red Squirrel]

$0. Community college FTW.