Do you have student's loan debt

@amadeo (65891)
United States
November 19, 2017 3:17pm CST
Hello people. How many here have student loan and still paying for it. They say this is the worst year ever where so many have outstanding loan. No wonder most young people are in financial disaster. With credit card so easy to get and more. It will take years for these people to pay off their loan. Most people don't grow up.Most people age. They find parking spaces,honor their credit cards, get married and have children and call that maturity, What that is aging. The wonderful Maya Angelou photo on line below from online what is happening +++++++++++++++++++++++++++++++++++++++++++ Below is some information on this. $1.45 trillion in total U.S. student loan debt 44.2 million Americans with student loan debt Student loan delinquency rate of 11.2% (90+ days delinquent or in default) Average monthly student loan payment (for borrower aged 20 to 30 years): $351 Median monthly student loan payment (for borrower aged 20 to 30 years): $203
30 people like this
30 responses
@NJChicaa (40270)
• United States
19 Nov
I'm 40 years old and still have like $10K of student loan debt. We aren't in a huge rush to pay it off as the interest is tax-deductible. I think I pay like $80 per month. I went to a private university that was $25,000 per year. What were my parents thinking letting me do that?!?!?!?! Now the same place costs $50,000 per year. That is INSANE. I always recommend community college to my students. Do 2 years there for the basic requirements and save your money.
9 people like this
@jstory07 (67145)
• Roseburg, Oregon
19 Nov
You get the same education at a community college. I went to one for two years and than to a regular college for the last two years. I worked forty hours hours and went to college full time. No student loan. I paid has I went.
5 people like this
@NJChicaa (40270)
• United States
19 Nov
@jstory07 That's why I try to tell my students to go for community college first. There is no reason to rack up all of that debt in today's economy and job market.
4 people like this
@marlina (73884)
• Canada
19 Nov
Sounds like the advice of Dave Ramsey.
3 people like this
@Corbin5 (106414)
• United States
19 Nov
My husband and I paid for our son's B.S. in Economics, but he decided to earn an MBA in finance/marketing and he took out a student loan for that. He did not feel he could work and study for his MBA at the same time and still do well in his studies. We are glad he has that advanced degree, but he does have to make monthly payments on that loan.
8 people like this
@amadeo (65891)
• United States
20 Nov
@Corbin5 I see.This is not going to break him there.
2 people like this
@Corbin5 (106414)
• United States
20 Nov
@amadeo No, he will be fine. It will just take him a lot of time to pay it off.
@amadeo (65891)
• United States
20 Nov
@Corbin5 Okay.
1 person likes this
@marguicha (94732)
• Chile
19 Nov
I took a loan for studies long time ago, but I paid it in 3 years. My 2 girls paid their loans a long time ago.
7 people like this
@amadeo (65891)
• United States
20 Nov
@marguicha that is good news there.Very smart
1 person likes this
@marguicha (94732)
• Chile
20 Nov
@amadeo It is a good way to live.
@amadeo (65891)
• United States
20 Nov
@marguicha yes it is a good way there
1 person likes this
• United States
19 Nov
Not anymore I dont..I had a loan for hairdressing school but its gone now
7 people like this
@amadeo (65891)
• United States
20 Nov
@TiarasOceanView good for you there.
1 person likes this
• United States
21 Nov
@JudyEv (123286)
• Bunbury, Australia
19 Nov
Student loans can certainly be a huge burden on young people. Good comment about people not growing up but only ageing. That's very true.
6 people like this
@amadeo (65891)
• United States
20 Nov
@JudyEv yes it is.Student here an all time high in loan debt
1 person likes this
@JudyEv (123286)
• Bunbury, Australia
21 Nov
@amadeo It is a shame young people have to start off with such a debt hanging over them.
@marlina (73884)
• Canada
19 Nov
I guess those students never listen to Dave Ramsey's money show.
6 people like this
@marlina (73884)
• Canada
20 Nov
My husband and I paid for our 2 sons university: no debt at all.
5 people like this
@amadeo (65891)
• United States
20 Nov
@marlina great good feelings
1 person likes this
@marlina (73884)
• Canada
21 Nov
@amadeo Wonderful feelings for all of us.
@amadeo (65891)
• United States
21 Nov
@marlina I am sure that this is
1 person likes this
@KristenH (24085)
• Cuyahoga Falls, Ohio
19 Nov
I did long time ago, when I went to a college in Southern Ohio for two months before I quit and dropped out. It took me awhile to pay in installments.
5 people like this
@amadeo (65891)
• United States
20 Nov
@KristenH are you all paid there.
1 person likes this
@KristenH (24085)
• Cuyahoga Falls, Ohio
20 Nov
@amadeo Yes. That was a decade ago and lasted a few months for two months of financial aid. No worries here, other than bills and paying the rent.
@amadeo (65891)
• United States
20 Nov
@KristenH good for you there.
@LeaPea2417 (20446)
• Toccoa, Georgia
20 Nov
Luckily, now, we do not. In our early marriage, we had a small loan that we paid off from my husband's college days. It took over 5 years to pay.
5 people like this
@amadeo (65891)
• United States
20 Nov
@LeaPea2417 that is not too bad there.
1 person likes this
@BelleStarr (38276)
• United States
20 Nov
I have no student loans and have never had a student loan, I paid my way as I went along. And yet I get three calls a week telling me they can offer me a better rate on my student loans, better than 0, I doubt it lol
4 people like this
@amadeo (65891)
• United States
20 Nov
@BelleStarr yes I have read about this many times.
1 person likes this
@Marty1 (33598)
• Pittsburgh, Pennsylvania
20 Nov
I don't have student loans either and get a call supposedly calling me \back from a call i made about paying off my loan that never existed
1 person likes this
@teamfreak16 (41181)
• Colorado Springs, Colorado
20 Nov
I do owe, but I'm not sure how much.
3 people like this
@amadeo (65891)
• United States
20 Nov
@teamfrerak16 are they hounding you there.Was you in the service?you could had the GI Bill of Rights there?
1 person likes this
@teamfreak16 (41181)
• Colorado Springs, Colorado
20 Nov
@amadeo - No, my access to my GI Bill expired long ago.
@amadeo (65891)
• United States
20 Nov
@teamfreak16 oh!that is too bad there Scott.I use mine.
1 person likes this
@peachpurple (12875)
• Malaysia
20 Nov
In Malaysia, most student loans are in debt, they don't pay either
3 people like this
@amadeo (65891)
• United States
20 Nov
@peachpurple Do they get in any kind of problems there?
@sjvg1976 (18386)
• Delhi, India
20 Nov
No I don't have any loan pending with me.
3 people like this
@amadeo (65891)
• United States
20 Nov
@sjvg1976 good for you there.Your free
1 person likes this
@cahaya1983 (10053)
• Malaysia
20 Nov
Fortunately I don't. Students loan debt is an issue here too. The first few years of working are usually pretty tough for the young people nowadays because they have to spend a portion of their income to pay off the debt.
3 people like this
@amadeo (65891)
• United States
20 Nov
@cahaya yes some have it very heard.Thank you
1 person likes this
• Rochester, New York
20 Nov
No loan for me. I went straight to work right after high school.
3 people like this
@amadeo (65891)
• United States
20 Nov
@LisaSteinmetz how are you doing in that sector?
20 Nov
No.
2 people like this
@amadeo (65891)
• United States
20 Nov
@The InvisibleMan okay.Same here
1 person likes this
20 Nov
@amadeo But I find it impressive (negatively speaking) how many people have that kind of debt.
@amadeo (65891)
• United States
20 Nov
@TheInvisibleMan Oh yes.Many,many do.
1 person likes this
20 Nov
I have a student loan, currently standing at about £9,000, but I don't consider it a debt. I've never earnt enough to pay it back so it gets deferred every year, very minimal amount of interest, and after twenty-five years it gets written off.
2 people like this
@amadeo (65891)
• United States
20 Nov
@Popplicious that is sort of weird there.but if it works why not
@much2say (39230)
• United States
20 Nov
Back in the day, I was able to go to college and be able to pay tuition on my own with just a part time job. But Hubby went to a private art college . . . that cost him a very pretty penny. He finally got that loan paid off just about a couple years ago . . . it took a long time. I really don't know how "kids" can pay for their college at all now in this country . . . it's crazy that a college education in other parts of the world are free or almost free!
2 people like this
@amadeo (65891)
• United States
20 Nov
@much2say yes it is very crazy.Glad to heard that you are free from this.
1 person likes this
@Raelove (16813)
• Saco, Maine
20 Nov
I got my degree from the University of Southern Maine in 1996 and spent the next several years paying off my loans. Then, some years later, I consolidated them with other bills. I have no loans now, and that's the way I like it.
1 person likes this
@amadeo (65891)
• United States
20 Nov
@Raelove good for you Rachel smart woman there.
1 person likes this
@Raelove (16813)
• Saco, Maine
20 Nov
@amadeo Thanks...I didn't just have loans. I did work-study, which was paid; and I got some grants because I was often on the Dean's List. In the end, I didn't have to borrow nearly as much as some people did.
@amadeo (65891)
• United States
20 Nov
@Raelove on the dean list there.One very smart woman.Great.
1 person likes this
@redurnet (1463)
• United Kingdom
20 Nov
I have a student loan and I'm in the UK. I don't actually think I'll ever pay it off unless I suddenly become rich.
1 person likes this
@amadeo (65891)
• United States
20 Nov
@redurnet wow.That much?
1 person likes this
@redurnet (1463)
• United Kingdom
20 Nov
@amadeo The amount I owe is about the average debt in the UK but I just don't earn enough to pay it back. It gets paid back through wages and mine are small.
@amadeo (65891)
• United States
20 Nov
@redurnet that is good.Does this put a big dent in there?