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Money and Finances
Reply to "No financial aid- no student debt"
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[quote=Anonymous][quote=Anonymous]Went to NYU undergrad. Parents paid for 75%, I took about 25% in student loans. Left college with $25K in loans. Paid the minimum. Went to a fancy private grad school. Left with $120K in debt. Consolidated with my UG loan (I think $20K was still left from UG). Paid minimum for 10 years. Everything was forgiven via PSLF. I think probably made about $80K in payments over the life of my student loans. It was dumb plan, but it worked out in the end. Never letting my kids do this! [/quote] Your kids don't have the option. You can'r rack up 120k in stafford debt anymore and private loans are ineligible for PSLF. [/quote]
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