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SVTPerformance's Chain of Restaurants
Road Side Pub
Student Loans: Who's got em, and who thinks its a bubble
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<blockquote data-quote="B7BlownSnake" data-source="post: 16074039" data-attributes="member: 112096"><p>Thankfully mine were paid off years ago. I was very lucky, my parents paid for 3 years of school, I only needed 1 year of loans at UC Irvine, and graduated in 09, before the big tuition hikes. I had less than 10k.</p><p></p><p>My wife is still paying for hers from Cal State San Bernardino, she had to get loans for all 4 years and graduated in 2010. I'm not sure what plan she got, but we are only paying 2.5% interest, and she has 25k left. I'm just putting in the minimum until we pay off a few old credit cards.</p><p></p><p>It's possible there will be loan forgiveness at one point in the future, but I certainly wouldn't bank on it for people at our income level.</p><p></p><p>My friend graduated UCI at the same time as I did, and had all of it paid for. But he needed loans for grad school. He graduated as a pharmacist 3 years later with around $250k in loans. he said he just sends a couple grand a month and don't even look at the bill! He makes good money, but honestly not enough (more than me, but less than my wife) to justify that loan amount.</p></blockquote><p></p>
[QUOTE="B7BlownSnake, post: 16074039, member: 112096"] Thankfully mine were paid off years ago. I was very lucky, my parents paid for 3 years of school, I only needed 1 year of loans at UC Irvine, and graduated in 09, before the big tuition hikes. I had less than 10k. My wife is still paying for hers from Cal State San Bernardino, she had to get loans for all 4 years and graduated in 2010. I'm not sure what plan she got, but we are only paying 2.5% interest, and she has 25k left. I'm just putting in the minimum until we pay off a few old credit cards. It's possible there will be loan forgiveness at one point in the future, but I certainly wouldn't bank on it for people at our income level. My friend graduated UCI at the same time as I did, and had all of it paid for. But he needed loans for grad school. He graduated as a pharmacist 3 years later with around $250k in loans. he said he just sends a couple grand a month and don't even look at the bill! He makes good money, but honestly not enough (more than me, but less than my wife) to justify that loan amount. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Student Loans: Who's got em, and who thinks its a bubble
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