A question for grad students......

[mike l.]

you can basically defer and avoid them forever. or pay very small monthly payments. i will be dead before i come even close to paying mine off.

[nothumb]

Forget grad school, I'm 20k in the hole just from undergrad, and I'm lucky not to be quite a bit deeper.

NT

[wacki]

[ QUOTE ]
Forget grad school, I'm 20k in the hole just from undergrad, and I'm lucky not to be quite a bit deeper.

NT

[/ QUOTE ]

My sister owes a quarter mil.

Med school

[Zeno]

Most have already noted about getting a deferral. This is legal and logical. There is usually a few months grace period after graduation but also if have no job yet then you can get reduced payments and/or deferral. You just have to signed up for unemployment as proof etc.

Anyway, it took me ten years to pay off all my student loans from undergrad and graduate school. A pain. I had to plan for it and budget my money and lifestyle to fit. But my education was worth it. And once I secured a fairly good job then the payments were not that noticable.

-Zeno

[poincaraux]

I think some context probably helps here. 1) I worked for a couple of years (nice salary) between college and grad school and paid things off at a good rate. 2) I'm in the hard sciences where they pay you to get a degree. With that said, ~$12K in the hole, all consolidated and deferred.

Wacki - are you still hurting from undergrad, or did you get stuck with more loans in grad school?

[wacki]

[ QUOTE ]
Wacki - are you still hurting from undergrad, or did you get stuck with more loans in grad school?

[/ QUOTE ]

Both.

[lordfoo]

My grad program was in the physical sciences/engineering, so the state paid me to go to school. What are you studying?

[Jeff W]

[ QUOTE ]
you can basically defer and avoid them forever.

[/ QUOTE ]

Please explain.

I just got a [censored] letter forcing me to start paying off my loans(I graduated last month!) in order to lock up my interest rate(otherwise they add 2%). Wtf, I'll slaughter those greedy moneygrubbing fuckers like the pigs they are.

[wacki]

Bioinformatics.

I've had jobs working in the labs and internships out the waazooo. My resume could not look better right now. Still, I didn't find out about graduate assistantships till very late in the game.

Right now I'm a little over $70K in debt.

I'm not as bad as my sister who went to med school and ran up a $250,000 bill.

My brother went to Notre Dame and ran up a nice bill there.

I've just kind of turned a blind eye to it but consolidating my loans has made it hard to ignore. I'm in a bad mood.

[CrashPat]

I think that I will be 27K in debt after my final undergrad year, if I get my masters without help it will hit 45K or 50K, if I do what I want and get help it will stay at 27K, maybe hit 30K. I may not go for it though, and become a bum and move to nigeria, or fake my death and use the insurance to cover 16 of it, the rest is just federal stafford loans which are forgiven upon death anyway. [img]/images/graemlins/laugh.gif[/img]

Realistically I am looking at between 30 and 50K with a 3 to 5% interest rate, I think I will be able to afford it.