Is anybody interested in talking about how they are paying back their student loans after graduation? I'm working on an article for the Technician and I need some feedback.

1/7/2006 10:11:22 AM

sure, PM me what you want to know

1/7/2006 10:20:39 AM

it begins with a "pay to the order of"

1/7/2006 10:49:42 AM

I'm whoring myself out

1/7/2006 10:50:05 AM

I'm not paying them back. Hola Mexico!

1/7/2006 12:54:04 PM

Me & my wife live cheaply & we both work. That makes it easy for us to pay them back. With both of us working, I paid all my loans back in a year & a half. She had alot more loans, but they have been cut in half.

It's pretty easy to pay them back if you don't spend money on things like cars, a house.....

1/7/2006 8:20:27 PM

Seriously... I graduated with my BA and am now going for my masters so I applied for more financial aid to pay for my consolidated loans...

1/7/2006 8:25:27 PM

Quote :

"It's pretty easy to pay them back if you don't spend money on things like cars, a house....."

ditto. Debt sucks.

1/7/2006 10:45:28 PM

step 1. be smart and dont need aid in the first place

1/7/2006 10:48:02 PM

assuming i land my nice engineering job, which i have a few prospects currently

im not paying them off any time soon - no need, use the debt to my advantage

bout 20k in debt, half no interest for 10 years, half at like 2%

losing very little money here, I can invest, make more than 2% over this 10 year span then pay it off later and use the debt against taxes and shit too

1/7/2006 10:54:14 PM

my parents are loaded, so i dont have to worry about this

1/7/2006 11:03:00 PM

Use grad school financial aid to tide me over until I have a real job. So far I’ve only taken out subsidized loans. I more hope to be able to pay them back rather than having an actual plan for it. But remaining uneducated in Mayberry wasn’t a real option either.

1/7/2006 11:03:05 PM

Quote :

""It's pretty easy to pay them back if you don't spend money on things like cars, a house.....""

cars yes, house no. a house is an investment and while debt sucks its better to have a mortgage on a home (taxes, owning) than renting.

btw. for most of us education loans are going to be the cheapest loans ever available to us. it should always be the last thing that gets paid off if that is the case.

1/7/2006 11:17:13 PM

i'll probably go into the peace corps, and i want to spend a summer in the americorps before i graduate.

a summer in the americorps usually gets you ~$1000 for education.

^what he said.

Quote :

"It's pretty easy to pay them back if you don't spend money on things like cars, a house....."

are yall living with family?

1/7/2006 11:38:15 PM

^Hell No. That isn't ever happening. We have our own realitively cheap, but not ghetto, apartment. The rent, 725, is just alot less than we are able to afford, since we both work, so we use some of the extra money (generally about 300) to cut down our loans.


Houses are good investments yes, but that requires that you are going to eat the several thousands in closing costs. And to get a return on that investment, you're likely going to have to pay realtor fees too. So they are good investments yes, but only if you are in for the long term (& will not be moving for 5 years).

1/8/2006 12:34:41 AM

sure, you have to eat costs, though even the first year of tax deductible interest payments could save you substantial money over renting.

1/8/2006 12:38:38 AM

Quote :

"We have our own realitively cheap, but not ghetto, apartment. The rent, 725, is just alot less than we are able to afford, since we both work, so we use some of the extra money (generally about 300) to cut down our loans. Houses are good investments yes, but that requires that you are going to eat the several thousands in closing costs. And to get a return on that investment, you're likely going to have to pay realtor fees too. So they are good investments yes, but only if you are in for the long term (& will not be moving for 5 years)."

my bf pays ~100 less a month than rent on his apt. he was able to get the seller to pay half the closing costs, and 3.5% of the cost of the house to his realtor, who waived some $200 in fees for him for being a referral from my grandfather.

now, it sounds like you aren't sure if you'll be in the same place for several years, so you might be right - a house isn't for you. but unless student loans are your only debt, paying them off ASAP isn't the best route.

1/8/2006 1:04:10 AM

what the fuck do you know? why the hell are you trying to give financial advice when you don't really know what the hell you are talking about?

1/8/2006 1:15:26 AM

wtf mate?

1/8/2006 1:26:38 AM

Quote :

"step 1. be smart and dont need aid in the first place"

dont be a dickhead jew

1/8/2006 10:41:34 AM

I'm still trying to see if I can interview somebody for the article. PM me with your number if you're willing to talk about how you are paying everything back.

1/8/2006 12:00:03 PM

i have one loan that im gonna pay it all back at once.

1/8/2006 2:33:03 PM

whats a student loan?

1/8/2006 2:52:54 PM

Borrowed maximum amount I could every semester from the unsubsidized stafford loans. Total was somewhere near $23k. Interest while I was in college was like $1500. Consolidated and now am doing standard payments on automatic draft. $118/month.

Have you talked to the folks in the financial aid office? Maybe I'm biased this way because of my degree ... but I generally could care less what one smuck has to say vs. whats true for most people. I'd be interested in what financial aid has to say for what most students do for their repayments.

[Edited on January 8, 2006 at 3:52 PM. Reason : .]

1/8/2006 3:46:04 PM