Paulmk1
110049
2692
73
Graduated in January
oh boy.
Mar 16, 2018 11:41 PM
Paulmk1
110049
2692
73
oh boy.
ThePizzaGuyOfJustice
I pay that per year. Please kill me
KnowerOfNothing
2200$ is about how much studying for 6 semesters in Berlin costs... and you get free public transport.
DarthZorro
My hopeful college dreams of a well paying job
LuckyCarey2
My 4 year old told his pediatrician today he wanted to be a doctor when he grew up.. our pediatrician said why not start now and pay my loan
clevermotherfucker
You using the degree?
EvilIncarnate
*Laughs in European*
ILoveSpicyPeople
My dad just got a garnishment for 30k. They’re taking $25 a check. He’ll die before he pays off. You can do this!
freshstrawberrie
How often does your dad get paid? They take $100 from me bi-weekly.
ILoveSpicyPeople
Bi-weekly but he’s working a min-wage job & living in subsidized housing so he got them to lower it. He was self employed the last 30 yrs.
Das5zty
As a german I find it absolutely fascinating how f***ed and expensive the american education system really is...
ButteryButtsButterflyCups
also the American health system.
SomberStranger
Only $47,919? Psh, amature. 9_9
MemerdJamesKeenan
paid 12 dollars of house loan off. still have 210,000 left.
onetruecod
I paid off my ~$50k student loans... then married my wife, who had ~$50k student loans.
AtsaMattaForYou
More like you married ~$50k student loans that had... a wife
ConductorOfTheStruggleTrain
47k? HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA fuck you
trigungrave
I have 0 student loan debt because I never went to college. Now please excuse me while I enjoy my new house.
mediocreass
Got super lucky. Finished with a good degree only 17k deep, then my mom drops that she has 10k for me in an account. Pay it off in a year.
pelusita35
Congrats! I’m done paying my son’s school loans next month. He no longer uses that degree. Ah well. Education is never wasted.
mediocreass
Man, I feel that. I got a good job, but it has nothing to do with my degree.
NatesSauceLab
That's it?
ForTex
No student loans in Finland yet (america-adoring politicians are working hard though). But we do have an over 100k€ loan for our house...
safetcup
In North America, house are about 150 000$ minimum to 1M$ usd. Canadians can get students loans but they are reasonables.
whatspaulplayingtoday
I'd kill for that. I still have $86,000
Paasimus
6 years at a high quality university. Debt = 0€. Regards, Finland.
tellmesomethingfunny
Education is expensive but worth it. Hang in there
MaggieSmithsSass
50k for GOING TO COLLEGE??? Do you know how Manu years you can live off in my country AND get a top level free college education with that??
MaggieSmithsSass
Many*
ChelsTehHazelnut
Where the hell do YOU live? Can I move there??
MaggieSmithsSass
Buenos Aires, our colleges are a mess but it's top level .
ZombieZoidberg
Yup, which is why America runs on a DREAM, and not reality. I regret falling for it every day. I'd leave but Im a debt slave to the US govt.
DeTobiasch
What would happen if you would just leave the country, don't pay and live in another country?
ZombieZoidberg
They go after your family, even if they didn't cosign. You can thank Betsy Duvos for removing regulations that protected borrowers &families
Jaycubz5
This makes me appreciate dual credit courses, but worries me about the loans I have taken out. Luckily Cybersecurity is a pretty good field
baylithe
When did this turn in to something good = red something bad = blue? What happened to it being socially awesome/socially awkward penguin?
emkev
Red is rad, blue is bad.
MaggieSmithsSass
When life got dark
ImActuallyAHobbitPleaseTeleportMeToMiddleEarth
Meanwhile, those profiting off of college tuition is like
capsaicinheat
meanwhile state universities everywhere are paying their football coaches millions
Nessuss
1.2 Trillion. Biggest asset on the US Fed Govt books.
Arcian
It's 1.4 trillion now.
JonathanJacobJinglySmith
Are*
snakeoilsalesman
Good use of your English Literature degree.
SpiceWeasel0x83
Monkeys say 'off of'. Ejucated people says 'off'.
imherefortheplot
If memory serves me right its also the only loan that you can't really get rid of, ie bankruptcy.
HighFunctioningAlcoholic
You can, it's just much more difficult.Basically have to prove you can't sustain a basic standard of living now&in the future with the loans
HighFunctioningAlcoholic
You'd have to change bankruptcy laws otherwise, because what 23 year old wouldn't declare bankruptcy knowing it's off their record in 7 year
imherefortheplot
Okay, that makes a lot more sense, thank you.
MJBJ73
You mean government. Government is in charge of student loans.
ZombieZoidberg
not anymore. They sold the majority of them off to Sallie Mae (which split into SM and Navient), and a few others Loan Servicers.
dommen
why do americans have to make a profit making business out of literaly EVERITHING (even prisons!)?! oh right. puritanian calvinism...
HolocaustAcknowledger
actually colleges get more funding than even the army or anything else, theres just too many people wanting to go to college
ZombieZoidberg
BULLSHIT. please research before you speak. The US military takes 54% of the total US budget. Dept of Education takes 6.5%
HolocaustAcknowledger
i actually did a research paper on it a year or 2 ago
ZombieZoidberg
then I hope your teacher failed it, because your information is false.
HolocaustAcknowledger
I may have gotten how much each one has increased with comparing them to eachother my bad "In fact, public investment in higher education in
redheadredempti0n
$90k here.
Snooj
I'm 43 and finally going back to college. Workplace is paying for it. I wish I had stayed in college the first time around but even 1-
Snooj
the one year I did go took four years to pay off. I don't know if I'm better or worse off for doing it this way. 2-2
pelusita35
Things worked out this exact way for a reason. Look at it that way. And always forward! Congrats!!
pelusita35
Oh and I finally finished college at 46.
Snooj
Nice! I'm sorta on track for that. I took a few courses over the years and some of my work experience has counted toward credit, so I'm 1-
Snooj
at about 20 credit hours now. I can only take one class at a time (I still have to pay up front and time is an issue) but within 2-
Snooj
the next 3-4 years I hope to have a degree. My son goes to college next year. I want to see if I can get mine first. :-) 3-3
darkwingduck69
I just finished paying off 100k in student loans. You can do it!
ACanadianPerson
How on earth did you pay that off? How did you get that much debt??
redheadredempti0n
andreisokolov
What degree?
SakuraSunsets
HoweJ
Congratulations! I'm going through college right now, and am doing everything I can to pay off what I can. It's tough, but that's life.
KibblesandBitchTits
That's not life, that's slavery. The education system is a business in America. Debt till ya die
HoweJ
Good thing I don't also have credit-card debt. That's 100x worse.
Nedlyest
I went to trade school... 0k debt. Left school with 1300$ more then I started, and two big ass computers worth 1000+
darkwingduck69
Sounds like a good deal.
Grilledcheeses
@darkwingduck69 Tips??!! Feels like I have been paying interest forever.
iVale
It almost doesn’t seem worth it
neeks626
How long did it take? Any tips? I’m just starting to pay off my 100k+
Mekanismen
Start a successful YouTube channel
theoldgaffer
Glhf
[deleted]
[deleted]
fbutt09
Social media influencer
MemeWay
bukkake samurai major
QotU
Underwater basket weaving
GreyscaleArt
Interdimensional Gender Studies with a minor in Musical Agriculture
MrSnowy
Musical agriculture hahaha. Take my upvote
AimlowFlyhigh
What happens if you don't pay them back?
MaggieSmithsSass
Jail? Idk
AimlowFlyhigh
asking for a friend
AroAce
Instead of an answer people just downvote you...
Sheprador
Cute. I’m at $320,000+
dmay1210
Your 3rd doctoral program? Not sure this is true, but good luck, and do not set up a go fund me page.
DrPotatoHeadDO
I'm at about $350,000. Just matched into residency today, let the lifetime of loan repayment begin
PapaNurgleLovesYou
Welcome to America
DrLazy
320k here. Attending life still feels like I will never pay it off
sexyGandalf12
What kind of doctor?
Sheprador
Veterinarian.
EmmyHearts
Holy fuck me, what did you become a doctor or a pilot
Sheprador
Veterinarian.
76000BatteryLlamas
Of what, unicorns?
Sheprador
Small animals. Vet school costs the same amount of money as medical school.
EmmyHearts
And not nearly the same pay you poor lad
DeTobiasch
TakoSix
I want to buy you some kind of sympathy gift.
Sheprador
I’d accept it. This really sucks.
somethingawesomeandgreat
And here in Nordics we get free education from the government
DeTobiasch
Yup. Posts like this always make me happy I don't live in 'murica
snakeoilsalesman
Philosophy and Economics... You know why you are poor and why you feel poor.
flavivsaetivs
Psychology would be why you feel poor.
ItsGreekToMe
Same here. I think it's 330,000. 8 don't even check anymore.
Sheprador
What's the point of looking, right? I can barely keep up with the interest. I don't want to know what the principal looks like right now.
Dbear1724
330,000 here. I'm with you
racersayum
Well damn
TupacAintDead
Law school is a bitch.
Sheprador
Veterinary school is worse. Law school is shorter and their salaries are higher.
TheGoldenPig
Med school*
StuckInBetweeen
Med School?
elysium32002
Damn. What are you? A mad scientist
Sheprador
Veterinarian. So essentially yes.
yy0b
Science shouldn't really put you into much debt, all you pay for in science is undergrad, after that the schools should pay you to be there
BrrToe
I really hope this is a joke. If not, I really hope you're smart.
Sheprador
Smart? Yes. Doctor? Yes. Ever able to pay off my loans and retire? No. I regret my choice daily.
Ferrumkit
Doctors are always in demand, in time you will make far more than you owe, you can do the thing. Make sure you pay more than minimum.
ForTex
Depends what you have that doctorate in :P
Ferrumkit
Hm, true enough.
ILoveSpicyPeople
What kind of doc?
Sheprador
Vet
ZombieZoidberg
and there's your problem, I know it well. Same amount of schooling (minus residency), same amount of debt. My condolences.
professionalbear
How much are you making in residency right now?
Chewbulcca
You’ll find a way!
Sheprador
There really isn’t a way.
BrrToe
Live your life as if you're making minimum wage for several years? (If you're single?)
SimonDesrosiers
Or not
WouldRatherDrive
It's all about trade schools these days unfortunately. College is a waste of money.
emkev
I love the comments here: "Just stop buying coffee and you'll pay it off " der dee der
Hyero
Little things do add up over time and will definitely help, albeit not a huge amount.
emkev
Yea but I see it as a quality of life issue. I pay $13 more than required because I like even numbers. I'll pay it off a whole month early.
emkev
Paying $13, $26, $52 more per month isn't really going to change my overall situation if I owe $50,000.
ScrapCode
I mean if you drink a shit ton and/or expensive of coffee say like $5 a day that's $150 a month $1800 a year it would help a bit
emkev
Who do you know that drinks a $5 coffee every fuckin day? That's just a gross exaggeration.
ButteryButtsButterflyCups
many many people.
ScrapCode
A ton of people that's 1 venti (large) coffee at Starbucks a day (rounded up most of them are over $4)
emkev
If you have the money to spend $120 or $150 on coffee per month, you're not burdened by your student loans. You're essentially assuming
emkev
that the reason they have loans at all is because they waste their money on $5 coffee. Yes a little bit here and there adds up, but
KresblainTheMagician
ikr, Ive been paying about 1k a month for 6 years and ive only gone from 80k to 65k in debt. Can't even think about retirement funds now.
emkev
Just cut out the coffee and the avocado toast, brah. Nah I'm in the same boat. Difficulty finding my feet after college and high interest
emkev
rates while in college led me to basically pay off the capitalized interest on my loans over the last 6 years.
WouldRatherDrive
Oofta, try $1500 a month in debt alone not counting $900 for rent and bills and unknown expenses.
IsaacNuetron
Bi-weekly payments will shave off months at no extra expense. Check an amortization calculator. Extra $5-10 put to principle will shave more
cyrusjoneslivedforever
Works for a mortgage too!
butthurtnevergetsbetter
Sean Connery says, Shave money on your repayments!
IsaacNuetron
right, the quicker the prinshiple ish paid, the shooner the loan ish over.
HappyTheKangaroo
But if your interest rate is less than or equal to inflation then don’t accelerate paying it off.
IsaacNuetron
Sure, unless you want the monkey off your back for the differential. The same applies to savings instruments, but they aren't monkeys.
HappyTheKangaroo
Funny how the loan seems like a monkey on your back in this context, isn’t it? Net it is not different than the savings instruments...
HappyTheKangaroo
...but loans feel bad. My point was to understand the way the money works and not do things based on the generic advice that loans are bad..
HappyTheKangaroo
..which is why we think of them as being monkeys on our back, an addiction metaphor. Loans can be very good...
MakeCuntGreatAgain
I have a minimum of 1k a month because Citizens Bank fucking blows and won't consolidate my loan to lower payment monthly. Cunts
pelusita35
Consider a credit union. They’ve always been good to me.
IsaacNuetron
Without rate change, lower=longer. Bi-weekly @ $500, skip a coffee (or 2) put it toward principle and tell 'em to FO earlier.
SpicyLava
That's not interest rate magic, friend. 26 Biweekly payments vs 12 monthly payments 2x the size still spends an extra months payment
IsaacNuetron
It's not magic. Run an amortization calculator.
IsaacNuetron
Try https://financial-calculators.com/amortization-schedule Put in your terms, flip it to bi-weekly, or 2x/month. Notice the diff.
ThomasThundersword
It saves you from compounding interest (the biggest killer in all loans esp student loans) for people who don't know compound interest is
ThomasThundersword
When you owe X interest is added then you pay interest on the whole debt. IE: principle 100 at 10% a month in one month (with no payments 2/
ThomasThundersword
5/5 type and arrangement, but that's a very very basic introductory explanation. if you really care, google has way better info then me.
ThomasThundersword
4/ you start with 10,000 instead of 100. so making payments faster will keep your interest down. (your millage may very based on financing
ThomasThundersword
3/ is 110, but that in another month (with no payments) becomes 121 which becomes 133.1 which becomes 146.41 so it can really ad up esp when
YourMemeKing
You pay the same but can save a lot because of compound interest
3141593653589793
You pay more, if you pay $1k per month you will pay $12k year and if you pay $500 every 2 weeeks you will pay $13k per year.
3141593653589793
Instead of paying every too weeks you could just pay 1100 per month.
YourMemeKing
The more often you pay, even if it's in smaller amounts, the less you will pay in interest. Because interest is a factor of time and money
eabonin
I am doing this with my car payments =]
MurphyPandorasLawBox
I really hate the term bi-weekly. I know it means twice a month but it sounds wrong.
ThomasThundersword
Would you prefer gay weekly? lesbian weekly? or straight weekly? and okay thoes all sound like porn magazines.
Vanbytheriver
It means every two weeks, like every other Friday. Twice a month is semi-monthly, like the 1st and 15th.
akspartankiiier
No. Bi weekly means every two weeks. Some months get three of those periods. You're looking for bi monthly. I.e. the 7 and 22 of every mth
thedroids
For added confusion it can also mean twice a week
QuackQuackAttack
Semi monthly means twice a month
Kyrorayne
Bi monthly is every two months
Napathetik
It does? Sounds like it should mean twice a week. After all biannually means twice a year.
FlamingIdiot
Actually, biannual can be used to mean twice a year or every two years
nicouk
You're right, but people use it wrong.
Napathetik
Which one?