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Thread: Student loan mayhem!

  1. #1
    Senior Member Ultralight's Avatar
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    Student loan mayhem!

    My income-based repayment per month: $346.

    Without income-based repayment I'd have to shell out $1,596 per month!


    WHOA!!! I only make $2,500 a month!

  2. #2
    Simpleton Alan's Avatar
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    Didn't you disclose recently that you'd borrowed something like $170,000? You did know you'd have to pay it back didn't you?
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  3. #3
    Senior Member Ultralight's Avatar
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    Quote Originally Posted by Alan View Post
    Didn't you disclose recently that you'd borrowed something like $170,000? You did know you'd have to pay it back didn't you?
    Oh I am paying it back alright! I am a full-time loan drone!

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    I doubt 2 degrees cost that much. I am guessing you used it to live-didn't work, etc and lived a great life. I have known a few people that did this and then it was a shock to them they had to pay large loan amounts.

  5. #5
    Senior Member Ultralight's Avatar
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    Quote Originally Posted by Teacher Terry View Post
    I doubt 2 degrees cost that much. I am guessing you used it to live-didn't work, etc and lived a great life. I have known a few people that did this and then it was a shock to them they had to pay large loan amounts.
    3 degrees -- BS, MA, MLIS.

  6. #6
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    What was your major in each of these? I have 4 degrees that I paid for as I went and together they total nowhere near that.

  7. #7
    Senior Member iris lilies's Avatar
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    I made this post in March 2013:

    Cost of my Graduate Degree today


    Given all of the other chat on the other thread about college costs, I was curious to know how much my graduate degree would cost today. Here it is:

    Cost of My Graduate Degree Today: requires 42 semester hours

    Tuition $15,564
    Books ? $2,500 ?
    _________________
    Total $18,064

    This is the cost of my degree at today’s rates. One could always spend more, however. My estimate for books may be low.


  8. #8
    Senior Member bae's Avatar
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    Quote Originally Posted by Teacher Terry View Post
    I doubt 2 degrees cost that much.
    Tuition, room, and board at my daughter's university run about $60k/year with misc expenses. So the 4-year program will end up costing about $250k, for a BA degree in a field (medieval studies) that pays very little, even once you have your Ph.D.

  9. #9
    Senior Member Ultralight's Avatar
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    Quote Originally Posted by Teacher Terry View Post
    What was your major in each of these? I have 4 degrees that I paid for as I went and together they total nowhere near that.
    BS in Interdisciplinary Studies
    MA in American Studies
    MLIS is Library and Information Studies

  10. #10
    Senior Member Ultralight's Avatar
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    Quote Originally Posted by bae View Post
    medieval studies
    Ooh, interesting field!!!

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