Student Loans, Spike Lee and the Interpreter.

[charcoalfrost]

Last night I had a reality check when my dad called me to ask what type of loan payback plan I preferred. I have three loans: The Stafford, The Perkins, and The Citibank Loan. Totaling over $100,000. That's right folks. 100K that I do not have. I am going to be responsible for paying back both of the government funds (the lightweight loans)

Comments

[stacyllw]

Don't you love compromise? LOL I saw a Spike Lee movie a looooooooong time ago about relations in the black community based on darkness/lightness of their skin. Very enlightening. I'd like to see Sucker Free City. Sounds interesting.

I had a school loan, as well as, an Army ROTC scholarship. Unfortunately my Dad passed away right after I graduated from college and my mom paid off my loan w/ some of the ins. $. And I paid back the ROTC scholarship w/ my own sweat and time. LOL My boys are going to get scholarships! LOL ROTC, probably. At least we're going to encourage it b/c we think service to country is impt. But we are saving for them just in case they think otherwise. *sigh*

SL

[pandora_nervosa]

No loans here. I worked and paid for my own schooling, which is probably why it took me 7 years to get through school (just call me Van Wilder). I worked in a pizza place for most of that time, but was also personal assistant to a professor (doing his grunt work - setting up labs, grading freshman papers, getting his shirts to the cleaners...), I still babysat and at one point during the summer I would teach daycare from 6am - 12pm, go to class for a few hours, then go to work at the pizza place from 6pm - 11pm. Augh. However, I am loan-free. ~g~

[hideunderthesun]

It's different here because it's so much cheaper. Even though Ateneo is considered as one of the most expensive universities in the country, my four years of college probably only cost around $10,000. My parents got me two educational plans when I was a baby, one for high school and one for college. At the time, I think they only paid around P20,000 (less than $400 today but roughly around $1000 during that time) for my college plan so the investment was well worth it. :)

[duchess4urheart]

Shirley, I totally feel your pain. I also have a ton of money that I will have to pay back. I only have about 15,000 in loans though. I got in to some really amazing schools, but Univ. of MD paid me the most to attend (plus I was in-state) so that cut down on some huge expenses. I have only government loans, but even though this is my 4th yr, I won't be graduating until next spring. So, I am looking at another 4,000 . In total, it will cost me about 20,000 for my degree. ::SIGH:: And I have no idea how I'm going to pay it back!

[montmayne]

Hi Shirl! This is Naomi ~g~ Is it okay if I friend you?

I didn't have loans for my first degree. I was able to work summers and pay for the bulk of my expenses and mom & dad had money set aside for tuition. I worked through my master's and paid as I went with no loans and now the boy is working on his second degree. For most of it he will have employer reimbursement but that doesn't cover everything. As long as we both work, we can afford his school and our retirement funds and investments.

I have no idea how anyone does it these days and wonder if my in-laws have college funds set up now while their kids are under the age of 5.