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

Dear Summer

Golden Member
Sep 30, 2008
1,015
1
71
I owe $12,000 from undergrad and $11,000 from postbac - $100 and $131 per month respectively
 

sactoking

Diamond Member
Sep 24, 2007
7,547
2,759
136
~$20k for undergrad; ~$95/month (currently suspended, as I'm in grad school)
 

evident

Lifer
Apr 5, 2005
11,938
538
126
$160 a month. $17k in loans and another $200 every 4 months for a $6k loan.
 

jonks

Lifer
Feb 7, 2005
13,918
20
81
$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

Lifer
Jul 11, 2004
21,867
7
81
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

Lifer
Oct 11, 1999
11,234
4
81
$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

Lifer
Feb 7, 2005
13,918
20
81
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

Diamond Member
Sep 24, 2007
7,547
2,759
136
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

Diamond Member
Jan 8, 2005
3,510
0
0
$10K left started with $18K , minimum payment is $97, I set my auto pay at $150

edit: graduated in May 05
 

Dear Summer

Golden Member
Sep 30, 2008
1,015
1
71
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

Lifer
Feb 7, 2005
13,918
20
81
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.
 

Leros

Lifer
Jul 11, 2004
21,867
7
81
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

Senior member
Jan 15, 2002
948
0
0
~$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

Diamond Member
Sep 24, 2007
7,547
2,759
136
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.
 
Nov 7, 2000
16,404
3
81
undergrad was cheap + savings + small scholarship + job sr. year = no loans
grad paid by employer = no loans
$0 monthly pymt
 

RaistlinZ

Diamond Member
Oct 15, 2001
7,629
10
91
1st loan: $14k
2nd loan: 2.5k

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