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I have 17,000 left in student loans, but that's my own fault, because I consolidated right out of college and spread my payments our over 20 years, then I deferred for 3 years when I was in grad school. So even though I'm 32, I haven't paid all that much on my loans-just the minimum amount every month.
The good news is that, like some of the PPS, my consolidating got my a super low interest rate of 1.9% back in 2005, so it doesn't bother me so much to pay only the minimum. DH has 0 debt of any kind, so at least one of us is perfect debt-wise. I also have a home mortgage
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Between my husband and I we're UP there. My loans are only about 15k, but all of my husbands private school loans are from private lenders so we pay out the nose in interest. We could basically buy a house with the amount we owe. Since what's done is done, I try to stay positive about it and don't think about it other than when we make monthly payments.
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I didn't have any, and DH only had about 6 or 7k when he graduated. We just paid that off since it was down to 1k and we just wanted to get done with it. No loans now except the mortgage
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My husband and I EACH owe $100K+, I don't even know the exact numbers.
To those considering IBR, be careful... Whatever amount is forgiven in 25 years, you're going to pay taxes on that amount. And, in the end, it may end up costing you more over the long run.
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$9.16!! I just got my final adjustment in the mail after we paid it off and I'm so happy it's gone!!!!
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We have just under $35k combined, down from a lot more. I know some pp have warned against private lender loans, but my highest interest rate (by far!) is my federal loans at 6.8%. Our private loans are approx. 3% and 2% interest…kills me; the feds “doing me a favor” and now I’m stuck paying more than double the interest rate of the private loans. I should have taken out all private loans, bah. I can’t find any companies who will consolidate now, which is fine. I’m hoping to help my LO avoid student loans as much as I can.
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Just over 10k, I feel like it hasn't gone done since I've started paying on it a few years ago
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I think I currently owe about $12k. We just paid my husband's off, so now we're going to get serious about mine. Can't wait to be student loan debt free!
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26k.
And that is from only one year (school was 40k/year). My last three years I was on a full ride, thank God. If I didn't get that I probably would have dropped out of school.
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@prettylizy: Congrats! It's a good feeling to not have those payments any more!
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I had 32,000. I paid them off four years ago. I am much older than a lot of you, as I'm 39. I did consolidate into a 20 year term but I always paid extra. At first it was just $4 dollars and some cents to round up to the nearest $10, than I later started rounding up to the nearest hundred and eventually I did more as I got raises, every lit bit extra to the principal helps especially when you have 8% interest like I did.
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My company is paying for my grad degree, so I owe them 24 months of employment or I owe the previous 24 months' costs back, which is about 10K. I'm locked in!
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I'm lucky that I only had to pay for a small portion of my college tuition - I graduated with about $9,000 in loans. However, it's now up to about $12,000 or something? I thought the interest rate was pretty low so it's surprising how it's growing. I really want to get it paid off, but our credit card debt is a lot more important right now.
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I owe around $27,000. I have a three year bachelor's degree and two post-graduate diplomas so this is not too bad!
In NZ, student loans are interest-free so there is not the same drive as there is in the states to pay them back. I just have the minimum payment coming out of my salary each fortnight which pays off a couple of thousand each year. I also put my tax refund towards paying it off when there is extra money there
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I have a bit over $30,000 for both undergrad and grad school, but my parents are very generously paying off the loans from undergrad. The amount I'm paying off just dipped below $20,000 last month, woohoo! lol Luckily DH has none so it's not so bad for the two of us.
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@SweetMamaM: Wow no interest! That's great, I think everywhere should have that
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@MrsBrewer: it's actually kind of clever - no interest UNLESS you travel and work overseas. Stops the flow of skills and academics out of the country a little bit too!
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we don't have any debt because our parents saved for us. we're totally lucky to come into marriage without any debt to our name and we hope to keep it that way (except for purchasing a house one day!)
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