Do you have student's loan debt
@amadeo (111948)
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
25 people like this
27 responses
@NJChicaa (116013)
• United States
19 Nov 17
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.
7 people like this
@marguicha (215481)
• Chile
19 Nov 17
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.
6 people like this
@amadeo (111948)
• United States
20 Nov 17
@marguicha that is good news there.Very smart
1 person likes this
@amadeo (111948)
• United States
20 Nov 17
@marguicha yes it is a good way there
1 person likes this
@TiarasOceanView (70035)
• United States
19 Nov 17
Not anymore I dont..I had a loan for hairdressing school but its gone now
6 people like this
@LeaPea2417 (36451)
• Toccoa, Georgia
20 Nov 17
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 (111948)
• United States
20 Nov 17
@LeaPea2417 that is not too bad there.
1 person likes this
@BelleStarr (61047)
• United States
20 Nov 17
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
3 people like this
@amadeo (111948)
• United States
20 Nov 17
@BelleStarr yes I have read about this many times.
1 person likes this
@cahaya1983 (11121)
• Malaysia
20 Nov 17
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
@teamfreak16 (43421)
• Denver, Colorado
20 Nov 17
I do owe, but I'm not sure how much.
3 people like this
@amadeo (111948)
• United States
20 Nov 17
@teamfrerak16 are they hounding you there.Was you in the service?you could had the GI Bill of Rights there?
1 person likes this
@amadeo (111948)
• United States
20 Nov 17
@teamfreak16 oh!that is too bad there Scott.I use mine.
1 person likes this
@teamfreak16 (43421)
• Denver, Colorado
20 Nov 17
@amadeo - No, my access to my GI Bill expired long ago.
@amadeo (111948)
• United States
20 Nov 17
@TheInvisibleMan Oh yes.Many,many do.
1 person likes this
@TheInvisibleMan (17603)
•
20 Nov 17
@amadeo But I find it impressive (negatively speaking) how many people have that kind of debt.
@peachpurple (13884)
• Malaysia
20 Nov 17
In Malaysia, most student loans are in debt, they don't pay either
3 people like this
@GardenGerty (157555)
• United States
20 Nov 17
My daughter and her husband went to a private college. She had scholarships and grants as well as loans, but he did not. They are in their mid to late thirties and still paying as they consolidated their loans.
1 person likes this
@hereandthere (45651)
• Philippines
20 Nov 17
do they lower the interest rate when loans are consolidated?
@amadeo (111948)
• United States
20 Nov 17
@hereandthere Not sure if the do.Depend on their policy there
@much2say (53958)
• Los Angeles, California
20 Nov 17
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
@MainerMikeBrown (1373)
• Bridgton, Maine
20 Nov 17
I don't have any student loan debt because I went to a community college instead of going to a high priced university. The community college I attended, Southern Maine Community College is the cheapest school financially in Maine to go to.
And I'm grateful for that choice that I made.
@MainerMikeBrown (1373)
• Bridgton, Maine
20 Nov 17
Yes, Alfredo, it's one less headache in my life.
@amadeo (111948)
• United States
20 Nov 17
@MainerMikeBrown you made an awesome choice there.Good for you.
@Poppylicious (11133)
•
20 Nov 17
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 (111948)
• United States
20 Nov 17
@Popplicious that is sort of weird there.but if it works why not
@fishtiger58 (29823)
• Momence, Illinois
20 Nov 17
I do not but my youngest son does. Thankfully he got a full academic scholarship to Purdue University where he got his Bachelor's Degree in Physics. He also got a full ride to Michigan State University and got his Master's Degree in Astro Physics. He was going to go for the PhD but burnt out and is now working. He has about 10k in student loans to pay for his housing while he was in school. He has a great job and his loans should come due really soon. He figures he can pay those off in about a year. I am very grateful for his scholarships from both those wonderful universities. It's horrible how many are in debt because of school and then can't get jobs.
@amadeo (111948)
• United States
20 Nov 17
@fishtiger58 yes it is.Great that he got scholarship.Good for him.
1 person likes this
@amadeo (111948)
• United States
27 Nov 17
@fishtiger58 yes I know this is very tough.But he will make it through
1 person likes this
@fishtiger58 (29823)
• Momence, Illinois
27 Nov 17
@amadeo He just told me his first payment on his student loan come due next month. I will be pleased when he gets those paid off.
