[nissan]

2 ugrad degrees (most was paid by parents though) + law schl + MBA = $190k. Hate writing that fn check to SLM every month

[pdjafari]

I'll take a stab in the dark.

50% of the people on this site, dont actually make payments on the car, or their parents somehow 'helped' them own the cars. Additionally, their parents paid for their classes throughout college or most of it so they were not required to get any loans to pay for school....

Ya, the polls above tell the story.

[iatacs19]

Originally Posted by pdjafari

I'll take a stab in the dark.

50% of the people on this site, dont actually make payments on the car, or their parents somehow 'helped' them own the cars. Additionally, their parents paid for their classes throughout college or most of it so they were not required to get any loans to pay for school....

Ya, the polls above tell the story.

That's what parents are for! Make sure you get good ones so life will be a breeze, while you are at it shop for ones that come with trust funds with early maturity dates.

[asdflkijd]

Originally Posted by pdjafari

I'll take a stab in the dark.

50% of the people on this site, dont actually make payments on the car, or their parents somehow 'helped' them own the cars. Additionally, their parents paid for their classes throughout college or most of it so they were not required to get any loans to pay for school....

Ya, the polls above tell the story.

Kind of figured, and also the majority of people here probably graduated 20 something years ago, even 5 years ago, the cost of college was a lot cheaper than what it is now..

Parents have already bought me the car, and have done so much for me , I've decided to pay my way through college whether it be loans or by working..

Of course the rents will still be paying for some stuff like living expenses, etc.. but yeah, my tuition is covered by scholarships and grants, so it'll be a little easier for me.. but then again.. housing in Manhattan is going to be an arm and leg..

[asdflkijd]

Originally Posted by iatacs19

That's what parents are for! Make sure you get good ones so life will be a breeze, while you are at it shop for ones that come with trust funds with early maturity dates.

.....

[asdflkijd]

Originally Posted by nissan

2 ugrad degrees (most was paid by parents though) + law schl + MBA = $190k. Hate writing that fn check to SLM every month

Thats quite an accomplishment, bet its paying off now eh?

[CnoteMD]

As someone mentioned in this thread, education costs a lot more now than it used to. The annual cost of my undergraduate school has gone up over 65% since I graduated 12 years ago.

But to answer the question, my education cost over $300K and I am repaying about half of that amount. A large portion of my undergrad education was covered by scholarships and a small amount of scholarships for med school. The rest was paid by student loans (consolidated at 3%).

[asdflkijd]

Originally Posted by CnoteMD

As someone mentioned in this thread, education costs a lot more now than it used to. The annual cost of my undergraduate school has gone up over 65% since I graduated 12 years ago.

But to answer the question, my education cost over $300K and I am repaying about half of that amount. A large portion of my undergrad education was covered by scholarships and a small amount of scholarships for med school. The rest was paid by student loans (consolidated at 3%).

What company did you go with for your sutdent loans? I'm looking at either Citi Bank or Chase.

[CnoteMD]

Originally Posted by asdflkijd

What company did you go with for your sutdent loans? I'm looking at either Citi Bank or Chase.

I consolidated with Sallie Mae. At the time, the rates were at all time lows. They give an automatic 0.25% rate reduction for automatic payments. After 36 consecutive on-time payments, I will get another 1.0% rate reduction.

[markdds]

Originally Posted by CnoteMD

As someone mentioned in this thread, education costs a lot more now than it used to. The annual cost of my undergraduate school has gone up over 65% since I graduated 12 years ago.

But to answer the question, my education cost over $300K and I am repaying about half of that amount. A large portion of my undergrad education was covered by scholarships and a small amount of scholarships for med school. The rest was paid by student loans (consolidated at 3%).

I was lucky with my consolidation. My interest is at 1.625% after the 2 rate reductions for automatic withdrawals and on time payments.

[Couch]

Originally Posted by pdjafari

I'll take a stab in the dark.

50% of the people on this site, dont actually make payments on the car, or their parents somehow 'helped' them own the cars. Additionally, their parents paid for their classes throughout college or most of it so they were not required to get any loans to pay for school....

Ya, the polls above tell the story.

I think you're estimate is a bit high.

[nissan]

Originally Posted by asdflkijd

Thats quite an accomplishment, bet its paying off now eh?

Thanks It's paying off in a sense, but still restricted in what I can do (would love to buy a house in this mkt, but didn't have much saved while in schl). + there's no such thing as "making enough"

[dth656]

http://finance.yahoo.com/college-edu...on-Grad-School


i also consolidated all of my federal loans at a pretty low interest rate. however, if your total borrowing is over 45k or so, you have to take on private lender loans at higher interest rates. (this was my case after grad school required a significant loan amount on my part). so i paid off the private lender loans (which is why i'm broke now) ahead of schedule, and am keeping the low interest federal consolidated loan..

i guess the benefits of grad school are more ephemeral. i will say that every post grad-school job i've gotten, its been via the alumni network (which is one of the things you pay for i guess)

[ChadE]

I was around 80k parents paied of 60k of it, so im just finishing up about 20k of it.

[Hawkeye]

Originally Posted by pdjafari

I'll take a stab in the dark.

50% of the people on this site, dont actually make payments on the car, or their parents somehow 'helped' them own the cars. Additionally, their parents paid for their classes throughout college or most of it so they were not required to get any loans to pay for school....

Ya, the polls above tell the story.

Yeah, but doesn't that just make you feel better about having to pay everything yourself. I have about 60K in loans at this point in time (only got out about a year ago)

My parents paid the interest accumulation while I was in school... not much but that interest adds up quick! Wish they could help me with my car

[DreDre]

Here is the equation I am looking at when I graduate next week:

College tuition for 5 years + interest (unsubsidized loans ftl) + housing - scholarships - 20K in stock left to me by my grandfather - 40K salary from four 3 month internships = 9K

Also, does anyone know if I can consolidate my stafford loans (at 6.25 - 6.7% rates) to get a rate of 3.9% (in effect on July 1)? I heard this somewhere...did anyone else?

[CnoteMD]

Originally Posted by DreDre

Also, does anyone know if I can consolidate my stafford loans (at 6.25 - 6.7% rates) to get a rate of 3.9% (in effect on July 1)? I heard this somewhere...did anyone else?

When I consolidated my loans, they took the weighted average of the current rate of the loans being consolidated. If all your loans are in the 6% range, consolidating them may not significantly change the rate (unless they are running an amazing special these days).

I had my loans in deferment, but I did not immediately consolidate them after finishing school. In that instance, procrastination paid off as the rates had dropped significantly before I consolidated.

The discount for automatic payments and on-time payments will usually get you an additional 1.25% discount on your interest rate.

[nissan]

If you do consol. the federals, be sure to check out http://www.educationalloancompany.com/ their borrower benefits were better than almost every other consolidation company out there.