Average amount of money students have to pay back for loans?

39 replies · 6506 views · Started by triplesix · Jul 2005

triplesix

I go to a pretty cheap institution and I am going into my third year. However this year they didnt give me enough grant to pay for it all. I had to get a pretty big loan to cover it. How much do yall think students have to end up paying back after school?

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· Jul 2005

#1 Reply

triplesix wrote:
I go to a pretty cheap institution and I am going into my third year. However this year they didnt give me enough grant to pay for it all. I had to get a pretty big loan to cover it. How much do yall think students have to end up paying back after school?

Depends on how long you have to pay on it. Get it set up to where you only owe ****.XX(small amount) for X,****,****,****(long amount of) years.

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· Jul 2005

#2 Reply

whooaa, I don't even wanna think about it. :???: Considering that I'll have one more year of college left after this one coming up. Then I'm considering graduate school, and after that it's medical school...All I can do is pray that everything works out for the best. For an average, it really depends on where you attend school, and what you plan to do after you graduate.

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Poody from Sandy Springs, GA · Jul 2005

#3 Reply

well since i'm a genius i dont have to pay any loans

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IgnoranceIsBliss from Dallas, TX · Jul 2005

#4 Reply

^Sweety, that's the only way some of us gone make it through college.

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Mountain of Molten Lust! · Jul 2005

#5 Reply

MeganJerai wrote:
^Sweety, that's the only way some of us gone make it through college.

Say it sister!

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· Jul 2005

#6 Reply

MeganJerai wrote:
^Sweety, that's the only way some of us gone make it through college.

The college that we want to go to at least. Most people could easily go to an instate pwi (in my case, chicago state which is majority black), but we would rather make the sacrifice for a more desireable and hopefully more fulfilling experience and education. As for the loan, it's basically like kool said. You have a few payment methods to choose from, and it may eventually be easier to get the method that gives you the most amount of time to pay it off. In my case I'll have, at the most, 30 years with the amount increasing every year.

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IgnoranceIsBliss from Dallas, TX · Jul 2005

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Led by Fire wrote:
MeganJerai wrote:
^Sweety, that's the only way some of us gone make it through college.
The college that we want to go to at least. Most people could easily go to an instate pwi (in my case, chicago state which is majority black), but we would rather make the sacrifice for a more desireable and hopefully more fulfilling experience and education.

Exactly. I could have easily went to college here and been on scholarship but I rather deal with paying back loans, than not being happy with were I went to school and my college experience. It's easy to say, "loans are bad" or "people shouldn't get them", if you don't need them.

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· Jul 2005

#8 Reply

i dont even want to think about what i gotta pay back right now..... :x

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· Jul 2005

#9 Reply

MeganJerai wrote:
Led by Fire wrote:
MeganJerai wrote:
^Sweety, that's the only way some of us gone make it through college.
The college that we want to go to at least. Most people could easily go to an instate pwi (in my case, chicago state which is majority black), but we would rather make the sacrifice for a more desireable and hopefully more fulfilling experience and education.

^^ Basically.

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