View Poll Results: How much college debt do you or your kids have?

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  • <$10,000

    5 9.09%
  • <$25,000

    5 9.09%
  • <50,000

    7 12.73%
  • <100,000

    2 3.64%
  • >100,000

    5 9.09%
  • no college debt

    31 56.36%
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Thread: How much college debt do you or your kids have?

  1. #1
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    How much college debt do you or your kids have?

    After reading the balance of college debt nationally I just wonder how many here have it and why you have it? Did you not save for college? plan for college? Go to an expensive school just for the experience? why? why? why?

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    Re: How much college debt do you or your kids have?

    I went to an expensive school because all of my youth group friends went there and I wanted to too. I couldn't pay a dime and neither could my parents. I was there from 1998 to 2003. I racked up $63,000 in debt. I got them all consolidated with a very low monthly payment (like $120, I think). The plan was to pay that amount until 2034. Except I didn't want to have that debt hanging over my head until I was 54. I will have every penny paid off by the end of this year.

    If I had to do it all again, I'd pick a less expensive school.


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    Re: How much college debt do you or your kids have?

    I have 48k in debt. It took longer to complete the program for multiple reasons (including bureaucratic nightmares and screw ups), but while I was waiting to get through the hurdles, I accumulated more coursework to diversify my knowledge base. As a graduate student the only accumulation has been due to interest rates. In between this and the PhD program I will be doing, I will try to get a substantial portion of that paid off within the year that I re-enroll.

    Edit: I seemed to have selected the <100,000 option. Woops.
    Last edited by Fiddytree; 11-05-13 at 07:04 PM.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: How much college debt do you or your kids have?

    Quote Originally Posted by Rocketman View Post
    After reading the balance of college debt nationally I just wonder how many here have it and why you have it? Did you not save for college? plan for college? Go to an expensive school just for the experience? why? why? why?
    This sounds a tad judgmental…. I went to an inexpensive (relative) state school, and even lived at home for the first two years. My parents paid for it, but the bill was well over 30,000 total. How on earth is a teenager supposed to save for that so they don't have any debt when they graduate?

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    Re: How much college debt do you or your kids have?

    Quote Originally Posted by Rocketman View Post
    After reading the balance of college debt nationally I just wonder how many here have it and why you have it? Did you not save for college? plan for college? Go to an expensive school just for the experience? why? why? why?
    I have none. When I was an undergrad my parents and I split my tuition, so I just got factory jobs over summer to pay my half and had jobs during the semester for housing/beer/food/blah. When I went to grad school, I got paid because I majored in Physics and you don't pay for graduate school in science.
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: How much college debt do you or your kids have?

    Quote Originally Posted by Josie View Post
    I went to an expensive school because all of my youth group friends went there and I wanted to too. I couldn't pay a dime and neither could my parents. I was there from 1998 to 2003. I racked up $63,000 in debt. I got them all consolidated with a very low monthly payment (like $120, I think). The plan was to pay that amount until 2034. Except I didn't want to have that debt hanging over my head until I was 54. I will have every penny paid off by the end of this year.

    If I had to do it all again, I'd pick a less expensive school.
    Our kids went to UK, MSU, and UT. All three made great grades and scored well on SATs so there was some various scholarships and grants they received along the way. They all worked part time jobs while in school and paid for their books, we paid all or remainder of the tuition, room & board. All came out debt free.

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    Re: How much college debt do you or your kids have?

    I got thru 3 schools, Two state and one an expensive private school with almost no debt the old fashioned way. The federal government paid for it.
    God Bless the Marine Corps.

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    Re: How much college debt do you or your kids have?

    I have about $20,000. It's a bit lower than what several other posters on here can claim, but I only did my bachelor's, and the Army covered a significant portion of the overall total. It'd be a lot higher if I had never enlisted.

    Thankfully, the Army Reserve pays off a couple thousand of the total amount each year as per my contract, which keeps me from having to pay anything. However, it's honestly barely enough to cover the annual interest accrued when you add everything up.

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    Re: How much college debt do you or your kids have?

    no debt when I finished in the mid 70's. that was a time when 6K could get you through a year.

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    Re: How much college debt do you or your kids have?

    Mine was paid off in 1981, 5 years after I started teaching..
    Now retired, I'm more than pleased to see my money work before I die
    to make sure my niece and nephew are not strangled with this debt..
    And yes, they got and are getting their A.A. at community college which transfers completely..
    I see the top 5% across our state going to juco or CC, knowing their parents
    can't afford big money for general ed. classes at 4-year schools .
    Quote Originally Posted by Rocketman View Post
    After reading the balance of college debt nationally I just wonder how many here have it and why you have it? Did you not save for college? plan for college? Go to an expensive school just for the experience? why? why? why?
    Physics is Phun

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