Anonymous
05/11/2013 07:58
Subject: Re:Does anyone else owe a TON in student loans?
DH is a military doctor so his med school was paid for by the government. Many of his doctor friends have several hundreds of thousands of debt. It is not uncommon. DH is in a high paid specialty so it would have been better financially to have the $250,000 debt vs no debt working for the military. At the same time, we have a more modest lifestyle than his colleagues who were civilian doctor pay with debt.
OP, if your DH is a doctor and you are a lawyer, you guys should be ok in the long run. I do agree it is financially very irresponsible if your DH Is a low paid physicial specialty but if he is making $400k+, you will be fine. One of DH's closest friends from med school's doctor wife decided to be a SAHM. The groom comes from $ and has no student loans. The wife has about $200k or so. They made the decision that she would stay home and he is paying off her student loans. I think it would have been a different story if they both have a lot of student loans.
OP, if your DH is a doctor and you are a lawyer, you guys should be ok in the long run. I do agree it is financially very irresponsible if your DH Is a low paid physicial specialty but if he is making $400k+, you will be fine. One of DH's closest friends from med school's doctor wife decided to be a SAHM. The groom comes from $ and has no student loans. The wife has about $200k or so. They made the decision that she would stay home and he is paying off her student loans. I think it would have been a different story if they both have a lot of student loans.
Anonymous
05/11/2013 07:53
Subject: Does anyone else owe a TON in student loans?
Anonymous wrote:DH and I have about $210K collectively- have a 3 year old and in our late 30s...probably never going to own a house in this area since we don't pull down big bucks. It's ok though. I like knowing how much my brain actually costs
I have $150k in student loans debt, about 7k in cc debts and a $276/mo car payment . I only make 75k, and was able to purchase a house for about $250k (cheap but still I did it). I used my VA loan so no down payment which of course helped, but just saying that it can be done. BTW...single mom with 1 child.
Anonymous
05/11/2013 00:51
Subject: Does anyone else owe a TON in student loans?
Anonymous wrote:DH and I have about $210K collectively- have a 3 year old and in our late 30s...probably never going to own a house in this area since we don't pull down big bucks. It's ok though. I like knowing how much my brain actually costs
wtf did u major in and can't afford a house
Anonymous
05/11/2013 00:29
Subject: Does anyone else owe a TON in student loans?
DH and I have about $210K collectively- have a 3 year old and in our late 30s...probably never going to own a house in this area since we don't pull down big bucks. It's ok though. I like knowing how much my brain actually costs
Anonymous
05/05/2013 11:28
Subject: Re:Does anyone else owe a TON in student loans?
Anonymous wrote:I have 16K left, down from 78K!
Great job!!
Anonymous
05/04/2013 19:55
Subject: Re:Does anyone else owe a TON in student loans?
I have 16K left, down from 78K!
Anonymous
05/04/2013 15:59
Subject: Re:Does anyone else owe a TON in student loans?
Anonymous wrote:Anonymous
Sorry to break it to you, but many public and not-so-prestigious schools would cost over $100K for undergrad and law school
You take out the loans, you should pay them back. People who paid their own loans should not have to subside those who don't or went to more expensive schools for "prestige" and incurred more debt. It is all about choices...and I was one of those poor first generation college grads.
I was one of them too and my SL is $60/month and ending soon. I still don't want programs like IBR to end just because I didnt personally benefit from it.
Anonymous
05/02/2013 19:04
Subject: Re:Does anyone else owe a TON in student loans?
Anonymous
Sorry to break it to you, but many public and not-so-prestigious schools would cost over $100K for undergrad and law school
You take out the loans, you should pay them back. People who paid their own loans should not have to subside those who don't or went to more expensive schools for "prestige" and incurred more debt. It is all about choices...and I was one of those poor first generation college grads.
Anonymous
05/02/2013 19:02
Subject: Re:Does anyone else owe a TON in student loans?
Maybe the feds should pay salaries equivalent to the private sector and end pensions and student loan forbearance.
At the same time then they would need to make firing a federal employee as easy as it is in the private sector and create private sector hours for high paying jobs. You want big law pay, put in big law hours.
Anonymous
05/02/2013 17:00
Subject: Does anyone else owe a TON in student loans?
Sorry to break it to you, but many public and not-so-prestigious schools would cost over $100K for undergrad and law school. The entire university system has increased prices at an unprecedented rate. How are low-income student going to pay for school if they cannot take out loans? If their is a low loan limit, how would any of them become doctors or lawyers? Democracy and capitalism are about fair opportunity. If the door is shut to upward mobility due to cost and lack of access to loans, then we become a class based society.
The IBR program is only for public loans. This is capped at $18,500/year for graduate work. The cap is much lower for undergraduate education. Many of the high student loan borrowers have to use private loans. These are not eligible for loan forbearance with the federal government.
This hate for federal workers has got to end. The loan forbearance at 10 years incentive is a form of deferred compensation that rewards employees who stay employed with the government for 10 years. FWI - Your children would need to have low paying federal jobs to qualify. Maybe the feds should pay salaries equivalent to the private sector and end pensions and student loan forbearance.
The IBR program is only for public loans. This is capped at $18,500/year for graduate work. The cap is much lower for undergraduate education. Many of the high student loan borrowers have to use private loans. These are not eligible for loan forbearance with the federal government.
This hate for federal workers has got to end. The loan forbearance at 10 years incentive is a form of deferred compensation that rewards employees who stay employed with the government for 10 years. FWI - Your children would need to have low paying federal jobs to qualify. Maybe the feds should pay salaries equivalent to the private sector and end pensions and student loan forbearance.
Anonymous
05/02/2013 14:53
Subject: Re:Does anyone else owe a TON in student loans?
FYI, some senators believe the forgiveness should occur after 5 years instead of ten. The county is moving towards more support for indebted students, not less.
Well, why the hell should any of us be responsible and pay for our kids education. Perhaps I should just let them rack up hundreds of thousands of dollars in private school debt going to a "prestigious" school so that they can get a low paying job and let the American taxpayer pick up the tab. The solution is not loan forgiveness which penalizes anyone who was responsible going to a lower cost school or saving for college. The solution is to address the reasons college costs have skyrocketed. Geez. People. Personal responsibility, but that isn't something that American's want to address anymore. Someone else should always pick up the tab...
Anonymous
05/02/2013 14:47
Subject: Does anyone else owe a TON in student loans?
I love Vermont Student Association. I should have paid that loan off years ago, but I skip payments here and there. They are always so nice. Of course they are! I have already paid of the loan and I still owe $8K. I really hope to have it paid off next year. I am working on getting my car payment down so I am not upside down on the car. That is the worst! But $400K in debt. I can not imagine it. And that is something you can't get rid of in bankruptcy.
Anonymous
05/02/2013 14:37
Subject: Does anyone else owe a TON in student loans?
Remember - government attorneys pay taxes too!
But, really, this shouldn't be about what one does for a living or even about loan forgiveness programs. It should be about the cost of higher education. It's out of control and taking out $400k in loans should not have to be the answer for two middle class kids who are striving to be doctors and lawyers.
But, really, this shouldn't be about what one does for a living or even about loan forgiveness programs. It should be about the cost of higher education. It's out of control and taking out $400k in loans should not have to be the answer for two middle class kids who are striving to be doctors and lawyers.
Anonymous
05/02/2013 13:14
Subject: Does anyone else owe a TON in student loans?
Anonymous wrote:Anonymous wrote:
I think that we are helping already (relatively) privileged federal attorneys to buy that house in Cleveland Park, Vienna, or Bethesda a few years earlier, fully fund their every need, and otherwise contribute to the affluence of the Washington, DC area, while the rset of the country is expected to fend for itself.
I'm a federal attorney and I can't afford a house in any of those places. Unless your "privileged federal attorneys" happen to be married to people who are in private practice or doctors, they can't afford a 1.2 million dollar home in Vienna.
Nice try though!
Anonymous
05/02/2013 12:55
Subject: Re:Does anyone else owe a TON in student loans?
Anonymous wrote:law schools lie and cheat and their tuition goes up simply because of the crazy US News ranking criteria. any scam you can get to not pay those bastards back is a good idea ...
Except the schools already got the money, you moron. That's how a loan works.