Reply to Does anyone else owe a TON in student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Ok, I was younger than he was!  I went straight through. He took out the masters degree loans when he was young (22). Then he went to law school so he could pay off the masters degree ... because like a lot of prospective law students he was led to believe that job prospects and salaries were better than they actually turned out to be. [/quote]
Sorry, you can't play the "youthful indiscretion" card when you are 22 years old with a BA.  And him - 25, with a Masters he already was in debt for?  And you say, "we were young, we didn't know any better?"  Aargh.

And count me among those who question your subsequent choices, PP.  It's none of my business, of course, but I just can't fathom owing $300,000+ combined, and then taking on a mortgage, and then having kids, and then having person quit.  That's nuts.  Your whole attitude reeks of "I want what I want, and the realities of the situation don't matter to me - I want it!"  I wouldn't put up with that from my 4 yo, and yet you are proud of it.  Interest only, on a $300,000 debt, for the last 5 years?  And then you have three kids?  And then you leave the workforce?  I understand you want to be a SAHM, but there are lots of things I want that I can't afford.  Getting them woudl put my family in a precarious financial situation.  So you know what?  I don't have them.  That's what grownups do.  Sorry for the rant/lecture, but this really is astonishing.  [/quote]

I totally agree. But this kind of attitude shouldn't baffle us. Look at the housing and credit crisis - clearly a lot of people think this way. [/quote]

What does having a BA or an MA have to do with having common sense and really having a grasp of financial matters? We were both in the humanities. We were late bloomers in the finances department, ok? You don't know what you don't know when you don't know it. I don't see why that's so offensive to you. As I said, we are the only ones who are paying.

You know, the PP above talks as though having a family is just an expensive hobby. Just a material desire like any other. Sorry to offend the financial hall monitors on this site, but that's not how my DH and I view it. Having a family was important to us, and biologically speaking, we had to do it when we did or else never have one. There will be time to pay off the loans in the future, but once your reproductive years are over, they're over. Same thing with my leaving the workforce. To begin with, I was not making a lot of money anyway (a lot of lawyers don't), so it wasn't as big a sacrifice as you seem to think. The decision for me to SAH was mutual. My kids will only be young for a short time. Our values are such that having a parent at home is worth financial sacrifices. If others don't see this as important, that is their choice. We are entitled to our choices even if they do not comport with the sensibilities of the "suck it up" crowd. Making mistakes in life is and should be a learning experience, but it does not need to ruin the rest of your life. That is the message I was trying to convey to the OP. [b]I cannot believe that anyone here would actually say that someone who made a mistake by taking out student loans should then have to forfeit having children because of it. THAT is astonishing and incredibly cruel.[/b][/quote]

I disagree.  No one is saying don't ever have kids, but financial obligations should factor into when to have kids if at all possible, and certainly how many kids to have.  OP has three children and says she's likely to have a fourth.  That's a lot of kids to support when she swimming in debt.  [/quote]

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