I graduated in 2005. I currently have about $17,000 in my name. My parents took out about $50,000 in parent federal loans with the intention of me paying them back for those. So, $67,000. I started with about $80k.
$0 from undergrad. My grandparents started a college fund when I was a baby and it paid for all 4 years. I have about $20K for the first half of my masters degree that I started a year ago. DH is using his GI Bill to get his bachelors which he started this fall so he has $0.
I had to pay cash I'd saved from working in high school, and my parents funded the rest (I had to show I was committed with my own money first) as long as I maintained at least a 3.5, took at least 15 hours each semester and finished by four years. I finished in three years.
started off with $46,800 in private loans (now down to $45197). I graduated in 2008, am paying more than the minimum and have paid all payments thus far on time. It's discouraging to see the current balance as compared to the original balance. I also have approx $20k in federal loans. I went to a state school, and worked part time while attending.
Luckily, H only had to use one loan for his 5th year.
I know it's relatively recently under 100k but I'd have to pull it all up from the 4 different places to get the total. I hope it's getting to be under 90k soon if it hasn't already. Graduated from undergrad with 40k (private LAC my parents paid a ton for on top of that). Deferred for a year. Was an idiot and took out $40k my first year of law school. Wised up, got a grant and "only" took out 50k over the next two years. So I've knocked out over $40k on a pretty crappy salary in the past six years which makes me feel more powerful than the staggering amount left to go. Rates are lowish and for most of it I'm on the standard repayment plan which means my payment never goes up.
Post by wildfloweragain on Jan 1, 2013 19:28:18 GMT -5
I think the most was 26k. I had some scholarships and worked through college. Plus i was an RA and went to a community college for the first year and a half (compacted 2 yrs into 1.5 yrs) and state schools for undergrad and masters. My parents did not help at all. Well my stepdad left my mom so my senior year i got state aid (some grants some interest free loans.) So he helped by leaving. Also included in that amount is a semester abroad.
Post by chedominique on Jan 1, 2013 19:31:53 GMT -5
I had a lot of scholarships but I had 2 student loans with a total $6000 when I graduated in 2008. I'm down to ~$3500 today. My smallest loan should be paid by the summer.