I went through one of those for profit online schools when I was 18 and they basically scammed me. It sucks but nothing I can do about it right now.
Yeah, this is like my H. Except he went to an actual trade school and took out about $35K. But the field is shrinking b/c of new technology, there's nothing he can do with the degree here anyway, and very few of his credits would transfer if he went back to school.
Ya, none of the credits transfer which sucks. I wish someone had guided me a little bit when I was taking out the loans. Oh well, in the grand scheme of things it's not that huge of a deal. It just sucks to be making payments every month on them when I have no job and still no education.
but she probably makes more than that (and her earning potential is definitely more than that), so it was a good investment.
*cville, you work in biglaw, right?
it makes me barf too. ha.
i definitely took earning potential, average salary, % of graduates employed at graduation (in stuff i wouldn't kill myself if i had to do), etc. all into account when making that decision.
and i had $0 in undergraduate debt thanks to scholarships, jobs, and generous parents.
ETA: i just checked out my law school. if i went back now, it would be a little over $200k. prices have gone UP and i didn't even graduate that long ago! greedy bastards.
Post by MixedBerryJam on Jan 1, 2013 21:06:43 GMT -5
I'm old enough that my state university tuition was $800/year. Given that I graduated from college 35 years ago, that'd be a big, fat zero student loan. Looking at colleges for my son this year the numbers are beyond astonishing! Ask me again in four years how much debt I have accrued on his behalf and I'll be a little less smug I'm sure!
I graduated law school in 2000 with around $100k in student loans (all law school). I think I have just about $15k left. It's at a low rate, so there's no rush. I had paid ahead quite a bit while I lived at home 2 years after graduating, so I didn't make a payment at all in 2011 (was on maternity leave most of the year). As soon as we wrap up buying our home this spring, we'll pay it off.
15k left. I also have a super low interest rate so it makes the most sense to just keep making the minimum payments. I worked my ass off in college to keep my loans to a minimum - so glad I did.
$22K left, down from $45K. H has about $10K left, down from $25K. All undergrad. We paid for my grad school OOP and had some reimbursed. We are going to be 'rich' when we're done paying for this! All the extra money will go directly into a savings account for LO though.
We had $125K when we were married. We were able to keep it that low thanks to in state tuition and some grants I got. We are down to $60K. I'm pretty thrilled with that progress.
None. I went part time for a while, did CC for a while, and had a scholarship that covered a big chunk after that, so it was mostly pay-as-you-go (with the help of payment plans that let me do installments).