Student Loans

[nickylanena]

Good for you!

Meanwhile, I'll be paying my student loans until I die!     

Thank you!

And oh no! The loans being put in forbearance due to COVID-19 helped a lot since I didn't have to pay any more interest.

That has helped a bit to pay down the interest. But since I've been laid off and my income reduced, I haven't been able to put much toward it. So I'm still stuck in the same sinking boat.

Sorry to hear that! I've been fortunate enough to have remained employed throughout the pandemic. I hope you can find another job soon, but until then, I wouldn't worry too much about the loans. 

[nickylanena]

Congrats! I'm happy I never had to take out loans for school so I don't have that experience of having that debt over my head. 

So happy for you, nothing like paying off that student loan.

Thank you both!  

[UGetPaid]

Congratulations to you! I am still going to have that anchor around my neck when my family puts me into the ground. But at least at that point they will no longer be responsible for paying it themselves.
Silver linings!

[surveygrabber]

Not me. I never take out any loans to pay tuition. I just stick with working full time and going to school part-time to pay tuition out of pocket with some scholarships and grants and that is it.

[ktheodos]

I did....paid them off after like 2-3 years....

[Glnnn2185]

I can pay my student loans. It's the interest that kills me. $210 a month for just interest only!

[Glnnn2185]

Not me. I never take out any loans to pay tuition. I just stick with working full time and going to school part-time to pay tuition out of pocket with some scholarships and grants and that is it.

Many students are tempted to ease their financial worries by taking short term loans for bad credit, especially  you are in need of money because of some unforeseen circumstances. And it could happen to anyone, even you. Trust me. I have been in this situation a long time. I trust the security of this system https://paydayinusa.com/states/payday-loans-in-colorado right from sign up all through. The details are well guarded and no fraud that can occur within. I know payday loans are traps. But I figured if I could stay on top of it, I know I’m going to get this money, so I just need to pay my rent.

[tnshpalmer85]

That is awesome that you paid off your student loans. There are soo many people who are struggling. There are many people who have degrees and only make a little bit above minimum wage.

[debidoo]

I had 200k in student loans and they were forgiven thank GOD because I became permanently disabled.  When I first became disabled I was crushed because I worked hard to do what I needed to do but then I was able to get out from under this debt which has been a tremendous blessing.  I am happy you were able to give yourself the gift of paying yours off for your birthday 

[heypeg]

I've had loans for myself and my children.

[judylucas]

I've never had any but both my children have mega ones

[Tresbn00]

I worked three to four jobs at any given time during college and walked through the graduation ceremony debt free (I did not get straight A's as a side result). I have saved so that my kids will not have any student loan debt and have been rewarded with two kids that minimized the student loan debt burden by getting scholarships for both sports and academics. I am surprised by all of the kids that come to work at my day job (especially the lawyers) that have well over one hundred and fifty thousand dollars in outstanding student loans. That is a seemingly insurmountable amount of unsecured consumer debt and I can only imagine how it affects their credit score. I had a client that was looking for a house and when I reviewed his credit found that he had over two hundred thousand dollars in credit debt. I asked him why he was getting a house and he said that he would take a second mortgage out after two years of living at the new house, pay off the student loan debt, and than file bankruptcy to write off the second mortgage (ultimately his student loan). Not the route I would go but different strokes.

[nickylanena]

Congratulations to you! I am still going to have that anchor around my neck when my family puts me into the ground. But at least at that point they will no longer be responsible for paying it themselves.
Silver linings!

Thanks UGetPaid! Paying such a large sum of money is tough to do and I don't think anyone should feel bad if it takes them years to do it. I've been throwing every cent at them but now I feel like I can breathe. 

Haha! See, there is the bright side! 

[nickylanena]

I can pay my student loans. It's the interest that kills me. $210 a month for just interest only!

YES! It was definitely the interest that hurt the most! 

So much money...

[nickylanena]

That is awesome that you paid off your student loans. There are soo many people who are struggling. There are many people who have degrees and only make a little bit above minimum wage.

Thank you! I know a few people like that, too! I was determined to get a job after I graduated and I'm blessed to have been able to keep finding work. 
Also, learning how to manage my money at a young age helped.