T_T

[xbrknpiecesxx]

I just took the loan exit counseling that we had to complete before graduation.

In order to pay off my loan in ten years, I have to make 60,000 a year and make $402 monthly payments.

Excuse me while I cry in a corner. In the next ten years, I'll STILL be a poor college student. Why did I go to Georgetown again?

Comments

[ramon3]

i actually havent done mine yet cuz my computer hasnt been working properly. And i graduated yesterday sooo i hope i can still do it and they dont yell at me. ill try doing it today using my sister's laptop when i go home xD

[librarian_byday]

*hugs* I've been asking myself the same question about Messiah. :(

[vkeiri]

oh HELL no. Guuurl... I'm sure you can find a way to consolidate your loans better than THAT.

Granted I don't know how much you owe, and I never went to Japan... but coming out of Michigan State, I'm on a graduated plan and only making $115--$150 payments. (Meaning the payments go up every couple a years but are never more than $200) It will take longer than 10 years to pay off... but definitely no more than 20 depending on how I prepay or if I switch from a graduated to a fixed plan, which I can do at anytime without penalty.

Don't get discouraged. There have got to be more options out there than what they told you. Have you looked into income-based plans? I steered clear of that because I wanted to be done in a fixed amount of years... but it might be good to start out on and then refinance to another plan once you get a good job and onto your feet.

*hug* I BELIEVE IN YOU! You will not be a poor college bum forever!!