Is your student loan keeping you from living life?

[yosef1988]

WTF.....I have a little more in loans taken out and pay 900 a month on them

now this is reality

wat


ill have my 30k paid off in 10 years but I don't live at home lol feelsbad

the average is 9-12 anyways dont feel bad, the way im going to do it in 5 years is by doubling my payments

Student loans are a great IQ test to welcome you to the real world.

damn welcome slap in the face

48,500 in debt and you pay $95 a month on it? Is this real life?

I was wondering the same thing

[CrewsBrah]

not really...still buy what I want and do what I want. Got mine down to ~30k and pay 330 a month. If I didn't like new cars and things of the sort I could of already paid it off.

[TallJJ]

Uni 2k€/yr you mirin' brah? By the time I'm done studying I will have no debts.

Don't even need to loan money to fund the costs.

[yosef1988]

Me and my wife combined have about $120k in student loans. I have to pay close to $1k/mo just for hers. Mine are on deferment. Lol...fml. We're a single income family and they won't work with us for a more affordable payment plan.

O_O why not stop paying? leave the contry disapear

My student loans have less than 1,5% intrest

brb loaning money even thought i dont have to
brb investing them and actually making money
brb no need to pay off debt until im 50
brb brb

You jelly murica brahs. And the governent gives me an extra 600usd just for being a student.

per month of school year?

[yosef1988]

lmao fukin dink.

but srs why is she not working?


edit: my bad brah didn't see you had a kid, feels for you! repped

yeah kids come first but as soon as they can go to full time school she bettter be back to dat dere job

She had a good paying county job but is now a stay at home mother. It's something we agreed on years ago that when we have children she would quit her job.

as soon as that baby is 4 get her back to work

[Messier_Object]

O_O why not stop paying? leave the contry disapear
per month of school year?

No money to leave. Lol.... I don't mind paying the loans. I just wish they were cheaper per month so we didn't have to decide which bill will be late on some months.

[yosef1988]

Age: 20

this hasnt experienced rel life yet but at the same time he is right we shouldnt stress so much if we cant make payments then we cant make payments

[Messier_Object]

yeah kids come first but as soon as they can go to full time school she bettter be back to dat dere job

as soon as that baby is 4 get her back to work

We will be homeschooling, too.

[yosef1988]

No money to leave. Lol.... I don't mind paying the loans. I just wish they were cheaper per month so we didn't have to decide which bill will be late on some months.

wow stay in there 120k is 120 months so thats 10 years, you just might make it brah

We will be homeschooling, too.

O_O



wuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuuuut?

this = two things
1. religious christian
2. religious Jew

which is it? cause i dont know a single atheist that homeschools

[DTRrex]

have you considered dat dere ibr?

Bulk of my loans are private with Sallie Mae so no IBR option.

For my federal loans ibr doesn't help because I make too much.

[Messier_Object]

this hasnt experienced rel life yet but at the same time he is right we shouldnt stress so much if we cant make payments then we cant make payments

Not exactly the best mindset, but there's been times we've gotten to that point. The only problem is that she has a co-signer for one of her loans, so we have to make sure it's paid.

[notbadnotbrad]

If I don't get a job by the 6 month grace period I'm going out west working on an oil rig for a year and paying the loan back and buying a car than leaving enough for living expenses for 12 months in order to find a job related to my major.

[Messier_Object]

wow stay in there 120k is 120 months so thats 10 years, you just might make it brah

O_O



wuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuuuut?

this = two things
1. religious christian
2. religious Jew

which is it? cause i dont know a single atheist that homeschools

Lol... I hate the term religious because it's so dogmatic. But yes, we are Christians. We're not the zany young earthers and do our best to figure out what is meant to be literal in the bible and what falls under allegory and poetry.

[spacecowboy00]

got about 35K in loans, would love to pay them off by the time i'm 30. i don't need a fancy car or a big house. my '06 Altima will get me going for at least a few more years, and i'll rent a decent apartment as opposed to a home.

[xMetalocalypse]

got about 35K in loans, would love to pay them off by the time i'm 30. i don't need a fancy car or a big house. my '06 Altima will get me going for at least a few more years, and i'll rent a decent apartment as opposed to a home.

Lmao, even without student loans getting an apartment is a must, unless you get lucky and make more than 30/hr or so.

[yosef1988]

Lol... I hate the term religious because it's so dogmatic. But yes, we are Christians. We're not the zany young earthers and do our best to figure out what is meant to be literal in the bible and what falls under allegory and poetry.

ok its just unique I also want my future wife to homeschool but the more i think about the future the more it seems impossible and the more i think about life the less i wanna have kid cause im not sure i can give them everything they need

If I don't get a job by the 6 month grace period I'm going out west working on an oil rig for a year and paying the loan back and buying a car than leaving enough for living expenses for 12 months in order to find a job related to my major.

interesting

Not exactly the best mindset, but there's been times we've gotten to that point. The only problem is that she has a co-signer for one of her loans, so we have to make sure it's paid.

oh yeah for sure on that one

[Messier_Object]

Lmao, even without student loans getting an apartment is a must, unless you get lucky and make more than 30/hr or so.

Are apartments cheaper than houses for you guys? Around here, unless you get section 8, apartments cost the same. 2 bedroom apartment averages around $600-$800. We live in a 3 bedroom house with an attached 2 car garage, basement, and 1 acre for $800. And we own, not rent.

[Jerasiz]

She had a good paying county job but is now a stay at home mother. It's something we agreed on years ago that when we have children she would quit her job.

Can't be f*cking serious.. so she goes to study for 4 years.. and worked for even less? racked up probably over 50k in debt. lmao.


Absolute terrible decision. Enjoy poverty lifestyle for you and your kid.

[Dreyth]

my mind is completely fukking shattered at ppl who owe like 30k and up.
i owe zero. does nobody here get scholarships to schools? and if you dont get a scholarship, whats wrong with a state school? holy chit.

i go to a 43k/yr uni. if i were to live here it would be 57k/year.
lol phuck that. got a scholarship and stayed at home. ended up paying <10k for four years combined.

had i not gotten a scholarship i would have gone to some 6k/yr state school or something.

[xMetalocalypse]

Are apartments cheaper than houses for you guys? Around here, unless you get section 8, apartments cost the same. 2 bedroom apartment averages around $600-$800. We live in a 3 bedroom house with an attached 2 car garage, basement, and 1 acre for $800. And we own, not rent.

The fuk? Mind=Blown. Typically in the U.S apartments are almost always cheaper than houses. Unless said house is a piece of chit.

[kman3b18]

I make a bit over $80k/year.... will hit 100k mark by time I'm 30/32.

I live in an apartment (cost of living is very high though so it's not exactly cheap), car is paid off so no payment there, and other than student loans have zero debt.

Problem is, my student loan payment is over $1, 500/month. I can afford to make payments, pay all expenses, and put a small amount of savings away but I certainly don't live like most single 27 yo's making the money I do.

I don't plan on kids or a house anytime soon (if ever) so I am hoping in a few years when my income takes another bump I can start throwing $2k a month at it and pay it down within 10 years. Goal is 100% debt free by 40.

What kills me is the interest. Sallie Mae private loans brah.... dat dere 13% interest.

Should have gone to a state school but oh well. I like my life overall so I really can't complain. Good job, good build, good woman, strong family ties.... I'm blessed all in all.

13% interest!!!!!!!!! Holy fuq, that's unreal man. Paying that rate I would live absolutely poverty if I were you and try to pay it all back in 5yrs time.

My private loans are through my university's endowment and the rate is only 4.5%. That chit is cray.

[ferak]

The fuk? Mind=Blown. Typically in the U.S apartments are almost always cheaper than houses. Unless said house is a piece of chit.

Wat? Two-Three bedroom houses have been cheaper or the same price as apartments ever since the market crashed.

[xMetalocalypse]

Wat? Two-Three bedroom houses have been cheaper or the same price as apartments ever since the market crashed.

Why though? Around here that is not the case.

[Messier_Object]

Can't be f*cking serious.. so she goes to study for 4 years.. and worked for even less? racked up probably over 50k in debt. lmao.


Absolute terrible decision. Enjoy poverty lifestyle for you and your kid.

6 years. Close to $90-$100k. This is what happens when you are young and are brainwashed by your parents that you NEED to go to college. Absolutely won't be going that route with my son. She agrees college was the worst decision of her life.

And my son has everything he needs plus some.

[kman3b18]

Wat? Two-Three bedroom houses have been cheaper or the same price as apartments ever since the market crashed.

Most people don't like to live in bumfuk USA and most jobs are near high priced urban areas.

PS let's just go ahead and forget about property taxes, maintenance around the house, landscaping, etc. Zero chits given about those things when renting.

6 years. Close to $90-$100k. This is what happens when you are young and are brainwashed by your parents that you NEED to go to college. Absolutely won't be going that route with my son. She agrees college was the worst decision of her life.

And my son has everything he needs plus some.

What did she major in, basket weaving? Also, you two are morons for having a kid so early with that kind of debt. Have her work for a couple more years and your quality of life would be 10x better with children involved. Idiots gonna idiot.

[xMetalocalypse]

Most people don't like to live in bumfuk USA and most jobs are near high priced urban areas.

PS let's just go ahead and forget about property taxes, maintenance around the house, landscaping, etc. Zero chits given about those things when renting.

Truth here. One of the benefits of renting is the little worry. One rent payment and that's it. Far simpler than a mortage.

[Messier_Object]

Wat? Two-Three bedroom houses have been cheaper or the same price as apartments ever since the market crashed.

Didn't know it was after the crash. We lived in nice apartments and they cost $850. I have friends that live in typical young 20yr old apartments for $450-$600. Around here there is no reason not to buy because a cheap house in the city is going to run just as much as an apartment.

[DTRrex]

13% interest!!!!!!!!! Holy fuq, that's unreal man. Paying that rate I would live absolutely poverty if I were you and try to pay it all back in 5yrs time.

My private loans are through my university's endowment and the rate is only 4.5%. That chit is cray.

Yup.

When I signed up for them they all kinds of consolidation programs, interest reduction, payback assistance, etc.... then the collapse happened and all that went away in my senior year and I was fcked.

They are getting better with working on it with me though.

I'm gonna hopefully start putting extra towards it soon and after 30/32 increase payment by 50%, put all tax returns toward it, and maybe pick up one of those internet tutoring gigs for extra scratch and pay that all off.

By 40 I hope to be 100% debt free.... just sucks because most people by 40 have significant savings, equity in a house, big 401k, etc... and I'll have nothing aside some measily savings and a measily 401k.

Money never mattered to me much though. So long as I have aesthetics, friends, family, a good woman, amd can support myself and take vacations here and there I am good.

[Messier_Object]

Most people don't like to live in bumfuk USA and most jobs are near high priced urban areas.

PS let's just go ahead and forget about property taxes, maintenance around the house, landscaping, etc. Zero chits given about those things when renting.



What did she major in, basket weaving? Also, you two are morons for having a kid so early with that kind of debt. Have her work for a couple more years and your quality of life would be 10x better with children involved. Idiots gonna idiot.

So early? We are 27 and adopted 7 months ago. She originally went to get into law school. Then switched to teaching. After she found out the union was a joke, she dropped out and took a good paying job with the county. Our child comes first. I think any married woman with a child that has a career has already failed as both a mother and wife. Plus, we'd be breaking even if she went back to work because she'd be working to pay for child care.

Also, renting is throwing your money away.

[ferak]

Why though? Around here that is not the case.

That's how mortgages work, it also depends on your down payment. I don't know what part of MD you're in but i did a quick search and bowie (no clue just found the area code) has average apt rent for a 2 bd room is $2100. A 5 bedroom 450k home is 1700mo mortgage with a 20% dp.