school loans...

[4dmin]

school loans... who has them? and who thinks they have the most?

we just go my wifes info squared away yesterday :cry: as of 11/24/08 we will be paying 740$ for the next 25 years. thats right we have a mortgage payment to pay for the next 25 years or until she dies :lmfao:

[Sammich]

U GOTA BE KIDDING ME...11/24/08:thinking:

[4dmin]

^ ya we don't start paying until then. we did get .25% off for having them taken directly out of our checking acct. lol

[joecoolfreak]

If you only pay 740/mo, I got you beat ;-)

And we have been paying on them for almost 2 years now.

[4dmin]

If you only pay 740/mo, I got you beat ;-)

And we have been paying on them for almost 2 years now.

ya but for how long... we could of done approx 1300 for 10 years

[MistaCee]

740 FOR THE NEXT 25 YEARS! How much did she take out 200,000

[Sammich]

MY GOD THAT IS OUTRAGEOUS..WHAT IS THE LOAN FOR AND THE INTEREST RATE?

[joecoolfreak]

ya but for how long... we could of done approx 1300 for 10 years

Two of the loans are for 25, one is for 15

[4dmin]

740 FOR THE NEXT 25 YEARS! How much did she take out 200,000

a little over 100k... thats what it cost to make the big $$$... private grad school is expensive. luckily she has a career that can afford such school loans.

i can only imagine her friends who dropped out or got kicked out. :crazy:

[MistaCee]

a little over 100k... thats what it cost to make the big $$$... private grad school is expensive. luckily she has a career that can afford such school loans.

i can only imagine her friends who dropped out or got kicked out. :crazy:

Yea it probrably is worth it but damn

[joecoolfreak]

What interest rate did you get though?

[Lizbiz101]

I've only taken out 4,500 so far and won't need to start paying back for another year YAY!!!! I need to take out more....but I've reached my level for sophomore they said..... How can I take out more?? School should be free.

[4dmin]

MY GOD THAT IS OUTRAGEOUS..WHAT IS THE LOAN FOR AND THE INTEREST RATE?

they are tuition loans... 28k a year for school. sh!t is nutz. interest rates are between 6-7%. joe what did you guys get your loans locked in at?

honestly i think it is a joke. i think if you actually graduate grad school and don't f*ck up they should give you a break on the interest. crazy the money they will make on us. we are going to look into consolidation to see if we can get the interest down a bit and so we don't have to seperate payments.

[joecoolfreak]

See, we got screwed on the loans, because they were unsubsidized, which basically puts them into the realm of signature loans, so the loans are between 10 and 13%. They are not locked either, so that is variable. It really sucks and looking at the total payout if we only make the minimum payments (820/mo or so) is enough to give you a heart attack. We are paying them off with as many extra payments as we can afford.

Edit: oh...and Brooke (these were all her loans) doesn't make nearly as much as Kate will =-(

[4dmin]

See, we got screwed on the loans, because they were unsubsidized, which basically puts them into the realm of signature loans, so the loans are between 10 and 13%. They are not locked either, so that is variable. It really sucks and looking at the total payout if we only make the minimum payments (820/mo or so) is enough to give you a heart attack. We are paying them off with as many extra payments as we can afford.

Edit: oh...and Brooke (these were all her loans) doesn't make nearly as much as Kate will =-(

man that sucks... i feel ya man... i told her we needed to take the best fixed rate w/ the lowest payment we could get; then we would make extra payments as neccessary. i found it funny too b/c the gov't would be like we estimate your school year to cost your say 30k; we will give you 20k and then we had to make arrangments to get the rest covered. f*cking ridiculous. :2up:

[Sammich]

crazy...cant see those payments. i'd do something else, butif you have the means..then by all means do it

[4dmin]

crazy...cant see those payments. i'd do something else, butif you have the means..then by all means do it

well you don't have a choice... once you've sign your name to the loans you have to pay even if you don't graduate, don't like your education, etc... they will garnish wages or take any other means neccessary to get the money out of you. only way you are getting out is if you do 5 years of service teaching in poverty area or dieing.

[Sammich]

seems like i'll do 5years of service teaching LOL

[jR1_kS14]

Call Suzy Orman and ask her what to do LOL!

[Sammich]

Call Suzy Orman and ask her what to do LOL!

TOO LATE FOR THAT NOW

[wOZrally]

damn... thats alot.. ill probably be borrowin 15-20k at 6%apr in a 10 year period

[SiRed94]

haha my buddy got one for 4500... and used it to buy a car...