Do you have student's loan debt
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
• United States
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
• Roseburg, Oregon
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.
• United States
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
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.
• United States
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!
• Saco, Maine
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.