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juliejeremiah
juliejeremiah aka Femputer is 25.94 years old, has been a member since March 23, 2006, has scored 4,059 submissions, giving an average score of 2.23, helping 120 designs get printed.
Are you paying off a student loan?
How long do you think you'll be paying it off for?

I finished 2 degrees and 6 years of school with about $29,000 in debt. If I stick to the minimum payment schedule (about $330 a month), it'll be paid off in 9.5 years. I don't want to pay minimum payments for the whole time, but likely will for the first little while so I can build up a bit of a rainy day fund. My first payment is due at the end of next month!

Sigh adulthood.

bcrider
bcrider on Oct 27 '10 at 1:58pm
I finished 2 degrees and 6 years of school

I just want to say that's fairly awesome.

Actually, it's REALLY awesome.

My only suggestion is to make the regular payments, and if you have extra $ available to put on the loan, make sure you note it as payment to principal. That'll start to hack away at the bottom line. :)
squintygirl
squintygirl on Oct 27 '10 at 1:59pm
Two degrees, huh? Smartypants.

I had no student debt, but my mortgage, property taxes and car loan keep my wallet slim.
Chipmnk
Chipmnk on Oct 27 '10 at 1:59pm
Pretty much the same for me. I'll be paying off my loans for the next 10 years or so. Not looking forward to it.
squintygirl
squintygirl on Oct 27 '10 at 2:00pm
Seriously, make extra payments towards the principal, if it won't put you in any hardship. Interest costs can be a real bitch.
gumbolimbo
   gumbolimbo on Oct 27 '10 at 2:00pm
$29.000 sounds like a lot to you now, and 10 years like a long time but really that's going to change fast. You'll earn more soon. You'll have it paid of before you know it. And well done for the 2 degrees.
xiv
   xiv on Oct 27 '10 at 2:01pm
Off the top of my head, I think im about $40k in the hole...

Deferment/Forbearance 4 lyfe. Ive talked to quite a few people who are in similar situations and they've been putting off paying for years... there are so many hidden loopholes, you just have to know how to find them.

I was also informed that a great deal of gov. funded loans are terminated after so many years.
mgill52
mgill52 on Oct 27 '10 at 2:03pm
I have managed to not take out any loans yet. But I will for sure when I start medical school. That craps expensive.
Polyester Jones
Polyester Jones on Oct 27 '10 at 2:55pm
no loans yet, my school is fairly cheap. working off scholarships and my paycheque and education savings I think I can finish my degree without loans...but then there's a one-year program at another university for teacher certification that is going to cost as much as the previous four years combined :(
i don't know what i'll do then.
spacesick 2
spacesick 2 on Oct 27 '10 at 3:02pm
I finally paid mine off last year in one single go

I haggled the price down over the phone and they were like "sure why not"
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