18 Vs. 28 Vs. 38: Student Loans

its crazy how while paying on a loan it goes up smh. I have a $5300 loan paying for 10 years and now its $6200, criminal!

You guys in the states are soooo uneducated. They made you believe USSR was a big problem, look the society and economy you generate. Some ( less than 1% ) have millions and billions and others in Africa and Asia live with 1 dollar per day.

the market doesnt need more educated people, there is already an overproduction of them, if not you would find a job after school.

In 2024 economic, not only i won't dare to take 5 or 6 fig student loans, i can't even make up my mind to pay for $500 certificate. Rent is so expensive.

I’m so glad I chose to serve in the military and used my GI bill to pay for school.

"Student loans are normal". That's the problem. People have been brain washed to think that taking out student loans is the only way to go to college. Try going to a free community college or a technical college. If you have to pay, it's usually very inexpensive. Apply for tons of scholarships. You don't have to be an A student to get a scholarship. I got a scholarship and I was a B student. Work. Get jobs while attending school to pay for it. I worked 4 days a week, 10 hours a day and attended night classes and paid for technical college in the field of Computer Network Administration. As of today I make a great income and have no student loans.

So is having all this debt preventing people from living a good life? Can you not just pay cash if you want to go on a vacation?

I paid off my $18,400 student loans in five years and two months by living with my parents and living within my means.

Working a run of the mill retail job here with no debt. I’m perfectly fine with it.

150k loan but they won’t give and 18 a credit card over $500 limit

Going to a law school that granted me scholarship and offered part-time program was the best decision I have ever made. I have seen law school graduates with a loan of $360k...I am going to graduate with no debts.

Awful having a debt over your head. This is like medieval when peasants were always in debt to the wealthy landowner. Schools don't educate enough in this.

As a Physicist I can assure you everything I learned in school is easily and better explained online.

College is only worth it if you take courses that can pay back the cost.
Forcing hardworking taxpayers to pay for slacker Liberal Arts majors has created the Liberal indoctrination mess we have on campuses today.

I took a year off...it turned into my whole life.

That's how compound interest works. The more time you take to repay your loan, the more you're going to end up paying. And if that sounds terrible to you, forget about a mortgage.

I'm glad I went to a community college.

Instead of fresh high school graduates spending time and money in college they should invest their earnings and allow them to mature over a long period.

University is a scam ! I am a electrician and I grossed 230k last financial year. Ofcoure bit every electrician gets pay that high but no student debt ever!

Highly educated, graduate school degree... "I'm hoping within 10 years I can get it all forgiven" = Genius...

I'm 37. I graduated law school with $70k in debt. I'm basically the same person as the 38 year old woman. I paid my debt off in only 5 years. Sounds like she just sucks at her job.

Yes, the system is broke but if you don't know what loans are before college, you shouldn't be going to college.

such brave and beautiful women for taking out loans with out knowing what a loan means, then blaming it on anything but themselves

women beaign idiots are not news to me 🤡

Took a loan pay it back that simple don't blame anyone but yourself

Sooo...any lack of selfresponsibility what so ever. Sums up the whole generation mentality.

Crazy because I need a loan and they make it way too hard to get one. Way too fkin hard like damn dont y’all want mfs in debt??? It’s like they don’t wanna give me one and it’s very fkin frustrating.

What a bunch of dummies.

Our united states government is a problem with the white baby boomers running it.

I paid off $45k in under 2 years. I had a job where i made 90k per year. The trick is you get the lowest possible interest rate, live below your means and dont just pay the minimum monthly payments.

These people are the ones that choose minimum payments over a cheaper mode of transport, shelter, food, vacations... Paying these loans off can be done, i paid for over half by working part time 30 hrs a week for many semesters, and then for one summer and a semester i paid $9k in 7 months working at mcdonalds 60 hrs a week and taking that one semester off... These people are victimhood mentality and pay minimums in hopes that daddy gov. will forgiventhem one day..

Owing money to government is worse than owing money to the literal mob.

I finished $62,000 in students loans and after neglecting it the amount ballooned to $119,000. I rehabilitated it during the “pause”, paid a past due interest balloon payment of $19,000 and have whittled it down to $34,000 using the debt snowball method to pay in groups. August 1, 2024 I will be down to $29,000. I have a plant to have them all paid by January 2025.

Student loans should be approved in the same way as business loans. If you are taking a STEM major with high earnings potential then you should be approved for a large loan amount. If you are majoring in something with moderate earnings potential then you should be approved for enough loans for a state university. If you are majoring in art appreciation or gender studies you shouldn't qualify for any student loans. Young people are prone to make bad decisions. They should have the freedom to do so, but we should not support those bad decisions with 100k of student loans.

This is something that bothers me. People who are going off to college are suppose to be our best and brightest, especially the ones who graduate. How in the world can you be considered to be amongst the most intelligent people in our population and not have any degree of understanding of what $100,000 is? How can you be considered to be the best and brightest and not understand compounding interest by the age of 18? How could you be considered to be the best and brightest without doing some research on what the ROI will be on a particular field of study will be and what kind demand there is for that job market?
I did that research, I understood compounding interest and what an amortization schedule was, and I knew $100,000 would buy you a modest home in my region (back in 2011) that most people would pay on for 30 years. I graduated with a 2.8 GPA, went to a trade school for 35k to become a diesel technician where top salaries are over 100k a year.
I'm not saying your an idiot. But I would not hire you to be my attorney.

I go to University in Germany. My school is in the TU9, one of the best technical universities in Germany. Some of our labs are doing research on international level. We're a good school, but bot MIT. I'll be paying just a bit below 5k Euros. FOR BACHELORS AND MATERS COMBINED.

She’d be able to pay it off if she started selling herself online.

She hit the wall at like, 25? Damn.

I had $43k debt fresh out of college. I'm at $29k, I'll probably be done in about 3 more years. The interest rate on my loans is mid 4%. I feel sorry for students who took loans now.

Is it just me or are they only showing people who when to school but could not pay their loans back? WTF why not show a mixture of those who were able to pay their loans as well as those who did not? Seems like a very screwed prospective to me any way....

Bidenomics 24 I'm sure it will get better.

If you can, learn a trade or go into law enforcement. You’ll make a good income.

Hopes in 10 years it will be forgiven. Why your great grand kids will be broke and working in sweat shops

Rip-off.

Are you crazy? Uni is 165 to 400 $ a year in France, 2000 $ in New Zealand, I guess very cheap in Canada, Australia, etc.

My “dream school” was whichever one would cost me the least.

Filipina in green is dum

Grad school is a waste

In the 90s, if your schedule permitted you to get a full-time job together with college, you could graduate without student loans. I did a 2-year paid apprenticeship to become a mechanic right out of high school. After that, I worked as a mechanic while studying engineering in college. I was able to pay for college debt-free. Although I couldn't really afford to go out and party, it was enough for food, rent, school expenses, and a practical car.