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Thread: Student loan mayhem!

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  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!

  4. #4
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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?
    +1

  5. #5
    Senior Member Ultralight's Avatar
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    Quote Originally Posted by Yppej View Post
    +1
    Yppej:

    I like you. You are rather sporting.

  6. #6
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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.

  7. #7
    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.

  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 bae View Post
    medieval studies
    Ooh, interesting field!!!

  10. #10
    Senior Member bae's Avatar
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    Quote Originally Posted by UltraliteAngler View Post
    Ooh, interesting field!!!
    Yes, though extremely unlikely to ever throw off enough income to pay for the necessary education :-(

    My suggestion that she minor in petroleum engineering didn't go over well :-)

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