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Reply to "If you had student loans, how long did it take to pay them off?"
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[quote=Anonymous]My parents had no college savings account for any of us. I had saved a couple thousand working summer jobs and got decent financial aid/scholarships but had about ~$20k in federal loans and my parents took out another ~$15k in private loans. They made the minimum payment on those for a while but we’re never going to be able to pay them fully back so once out of grad school (which I had an assustantship for so no new loans) I started sending them money for that one too. I did a year with Americorps and put the educational award towards my loans but didn’t really start making a dent until I was done with grad school at 26. Finished paying them off right before we bought our house when I was 34. Thankfully DH had no loans and had been saving for a house down payment. Needless to say we started a 529 as soon as DS was born.[/quote]
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