7 years of school on to 20 years of debt.

[Curval]

Curvy that's insane, I'm squeaking about $30 each a day for day care for the three little ones. Lucky they only go once or twice a week.

It's that or public school...and I wouldn't send my dog to public school here. 

[zack1234]

live like you do when you made 10k per year.

YW

Nat

 

 

Its really good advice +1

They wont listen though

[ozrocker]

www.myscholly.com- Scholarship finder tool. Even if you've Graduated, you can still use it.
www.coursera.org- FREE College Courses. Included are many well known and respected schools.

Nurse Practitioners make a killing in the States.
Sort of taking the place of P.A.'s


                                                                                                                                  Oz

                                                                                                                           

[icepac]

Aren't many graduates simply ignoring the loans?

[Puma44]

Your reply is sarcasm?

Tell me your reply is not serious

You know that "AMERICAN" investment companies invest in China and India, please tell me your winding me up

It's not sarcasm. He's foretelling the future of this country if we don't stop "dummying down" to the lowest common denominator.

[guncrasher]

live like you do when you made 10k per year.

YW

Nat

 

I have never made 10k a year, so perhaps enlighten me.



semp

[zack1234]

It's not sarcasm. He's foretelling the future of this country if we don't stop "dummying down" to the lowest common denominator.

your 20 years to late

The fact that you cant see its already happened is frightening

AMERICAN INVESTMENT COMPANIES INVESTED IN CHINA AND INDIA BECAUSE ITS CHEAPER

THERE IS NO NEED FOR ENGINEERS IN THE US

[SEraider]

you do know that as your career progresses, you will be making more money that may allow you to pay things off differently?  College just gives you a start. Now its up to you. You loan will be getting smaller but your salary should be going up.  

Mine more than tripled after 6 years out of school.

Not bad for a Jr. High Education.   

[John Galt]

7 years to become a nurse? Would've thought 7 years was high even for a doctor?

  She has been a nurse already for a few years,and while doing that she was atteneding classes to become a nurse practitioner, she plans on running or owning her own practice down the road. Not to mention she also took several months off due to pregenancy complications.

[John Galt]

Make sure you combine all the loans in to ONE, that will reduce the % you pay.  Also, get the payments on a automatic withdrawal every month, that too will lower your % point.

I think I put my $20,000 out for 30 years.  Ditto for my wife's.

Also, not be be morbid but do NOT combine those loans and do NOT pay them off early.  First, the % you pay is as low as it gets. Any money you'd apply towards paying off student loans early should go towards a house, car, etc, payment.  Secondly, if you die before the loan is paid off the debt is forgiven.  No need to combine with your spouse and force her to carry it on (and vise-versa) due to an early death. 

I was on the 7 year plane for the 4 year degree.  I spent extra time in college writing papers on WWII, seriously.  I enjoyed the 400+ level courses when there were only 3-4 of us in class.    

Than k you for the advice smokin.

[Butcher]

I finished college while back with $42,900 debt, I bought a house and car within my budget and my small business seems to be doing alright. However my wife's cancer took a shot in my arm, $76,000 medical bills and that's just the hospital stay bill. I think its additional $13,000 for medication, without even going into the cancer stuff yet.
I imagine I'm sitting around $495,000 debt in which I am paying each bill $20-50 at a time (which is literally at my budgets limit right now).
I gave my truck back to the dealership, they were kind enough to let me give back the truck without any hassle.
Funny how the Debt collectors don't call, but all the ones wanting to help me do (and flood me no less). The hospital has been nice however and let me pay whatever I can without even saying a word, they did pick up a $92,000 cancer bill (charity I guess) - and found a quark in my finances that allow my wife to have medical insurance.
Half a million isn't to bad, I figure when my wife can work again she can probably devote most of her pay to it, and we can still live comfortable, however I still haven't gotten all the bills yet, I suspect another $125,000 in bills.
I used to cry and moan at paying $200 a month on my college loan, my house payment wasn't bad its only $1200 a month, taxes are $2600 a year.

I can't really sink or swim at this point only pay what I can and pray to god my health doesn't slip because life will really suck at that point.

[John Galt]

I finished college while back with $42,900 debt, I bought a house and car within my budget and my small business seems to be doing alright. However my wife's cancer took a shot in my arm, $76,000 medical bills and that's just the hospital stay bill. I think its additional $13,000 for medication, without even going into the cancer stuff yet.
I imagine I'm sitting around $495,000 debt in which I am paying each bill $20-50 at a time (which is literally at my budgets limit right now).
I gave my truck back to the dealership, they were kind enough to let me give back the truck without any hassle.
Funny how the Debt collectors don't call, but all the ones wanting to help me do (and flood me no less). The hospital has been nice however and let me pay whatever I can without even saying a word, they did pick up a $92,000 cancer bill (charity I guess) - and found a quark in my finances that allow my wife to have medical insurance.
Half a million isn't to bad, I figure when my wife can work again she can probably devote most of her pay to it, and we can still live comfortable, however I still haven't gotten all the bills yet, I suspect another $125,000 in bills.
I used to cry and moan at paying $200 a month on my college loan, my house payment wasn't bad its only $1200 a month, taxes are $2600 a year.

I can't really sink or swim at this point only pay what I can and pray to god my health doesn't slip because life will really suck at that point.

I hope all goes well with your wife,.

[John Galt]

 I am fortunate enough that my dads wife is a good accountant, and has been acting as our money manager for the last few years, which has allowed me to buy a house,with a generous loan from my aunt to put down a sizable down payment, in the end I am saving several hundreds a month over renting, a comparable size house with the added bonus that it is my.
 Another thing that has been helping with bills and allowing us to have money to live a little, is we have picked up shifts tending bar at her dads bar and grill. The income from there is mainly what are loan payments come from, plus we pay her insurance and car payment form it. Plus, I buy my weekly powerball from my tips on the way home, after I win the 345million next week I won't have to worry about payments.

[Easyscor]

your 20 years to late

So right! And now let's keep doing what we've been doing that put us in this position.

The fact that you cant see its already happened is frightening

AMERICAN INVESTMENT COMPANIES INVESTED IN CHINA AND INDIA BECAUSE ITS CHEAPER

THERE IS NO NEED FOR ENGINEERS IN THE US

Really? No need for R&D engineers? Keep up with the times. That's not true in Silicon Valley, or Boston, or Austin to name a few. R&D is the final area where we produce world beating engineers, but within ten years, we'll loose out to sheer numbers turned out in the rest of the world. 

We're allowing foreign engineers to come into this country on B1 visas because we supposedly haven't trained our own engineers. If we'd trained our people, these visas would rarely be issued. The effect is to reduce the salaries for the remaining engineers across the country and make those loan repayment plans more difficult for the graduates. I'm for bringing in foreign engineers for their different perspectives, but the current situation should be an embarrassment to any citizen in this country.

Right now, engineers in India are producing marvelous designs for some mundane new products that cost a tenth of what our export versions run. As India progresses and China reverse engineers our technology, the situation will continue to decline in America while we continue to waste our greatest resource, OUR PEOPLE.

[dedalos]

Not bad for a Jr. High Education.   

yes    it is up to $7.25 per hour now but I hear it is going to double again!  Sweeeeeet!