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Spinoff to monthly bills

Posted By Message

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Spinoff to monthly bills

student loans s u c k Chat Icon

ahhh i feel a teeny bit better knowing i wasnt the only one who had to pay for my own college

Posted 10/26/06 10:28 PM
 
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MrsPornStar
Partners in crime

Member since 10/05

14656 total posts

Name:
Mama

Re: Spinoff to monthly bills

Both DH and I have student loans. DH's are all from grad school and mine are from undergrad and grad. I feel like I'm never going to be done paying them.

Posted 10/26/06 10:41 PM
 

jennandrob
mom of two!

Member since 5/05

4368 total posts

Name:
Jenn

Re: Spinoff to monthly bills

I can finally see the light at the end of my student loan tunnel.....only $2500 more to go.

I'm approaching 10 years out of college though - it's taken forever to pay of!! Chat Icon

Posted 10/26/06 10:44 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Spinoff to monthly bills

Posted by jennandrob

I can finally see the light at the end of my student loan tunnel.....only $2500 more to go.

I'm approaching 10 years out of college though - it's taken forever to pay of!! Chat Icon



Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 10/26/06 10:46 PM
 

dpli
Daylight savings :)

Member since 5/05

13973 total posts

Name:
D

Re: Spinoff to monthly bills

I did a happy dance the day I wrote my last check! Chat Icon Chat Icon Chat Icon

Posted 10/26/06 10:48 PM
 

jerrysgirl
I love my hot dog!!

Member since 6/06

5357 total posts

Name:
E & J

Re: Spinoff to monthly bills

I agree. I hate student loans. I don't even like what i do anymore and want to go back to school, but more student loansChat Icon Chat Icon Chat Icon I am on gradual payment and the payment is going up. just great.

Posted 10/26/06 11:33 PM
 

CunningOne
***

Member since 5/05

26975 total posts

Name:

Re: Spinoff to monthly bills

My DH is paying mine now that I am not working (I'm a SAHM). I graduated from graduate school over 11 years ago. Chat Icon I have less than $5000 to pay off, and we're thinking after the holidays to just pay it off in one lump sum. We pay $230 a month.

The reason we didn't pay off before is because the interest rate on them was at an incredible low - like 2%. At that time, it was better to keep my money in my GMAC savings which was earning 5.75%. Now that the interest rate is back up near 5% on the loans, we want to pay off.

Message edited 10/26/2006 11:38:56 PM.

Posted 10/26/06 11:38 PM
 

Salason

Member since 6/05

9878 total posts

Name:

Re: Spinoff to monthly bills

unfortunately i got insurance money and paid mine off right away (i'd give anything to be in debt and have my dad back) but we paid off the bulk of DH's in Jan and will pay the rest of his off this Jan Chat Icon

Posted 10/27/06 12:15 AM
 

Freddie
LIF Adult

Member since 3/06

1162 total posts

Name:
Freddie

Re: Spinoff to monthly bills

Posted by chmlengr

The reason we didn't pay off before is because the interest rate on them was at an incredible low - like 2%. At that time, it was better to keep my money in my GMAC savings which was earning 5.75%. Now that the interest rate is back up near 5% on the loans, we want to pay off.




oh me too - that was so nice 2%!!

Posted 10/27/06 6:57 AM
 

Pumpkin
LIF Adult

Member since 5/05

3353 total posts

Name:

Re: Spinoff to monthly bills

student loans are awful, as much as I know the pay back is unmeasurable in $$$. It just makes me not sleep at night knowing I have this "mortgage" over my head.

Posted 10/27/06 7:09 AM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Spinoff to monthly bills

Posted by Freddie

Posted by chmlengr

The reason we didn't pay off before is because the interest rate on them was at an incredible low - like 2%. At that time, it was better to keep my money in my GMAC savings which was earning 5.75%. Now that the interest rate is back up near 5% on the loans, we want to pay off.




oh me too - that was so nice 2%!!



im in grad school now- the stafford loan interest rate is over 6%Chat Icon

Posted 10/27/06 7:26 AM
 

pinkandblue
Our family is complete, maybe

Member since 9/05

32436 total posts

Name:
Stephanie

Re: Spinoff to monthly bills

Thankfully, my parents footed my college tuition. I am so grateful for that. Chat Icon

Posted 10/27/06 8:08 AM
 

MrsPorkChop
Twinning!!

Member since 5/05

9941 total posts

Name:
Missy

Re: Spinoff to monthly bills

you dont even want to know what dh is paying for law school loans....Chat Icon

Posted 10/27/06 8:24 AM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: Spinoff to monthly bills

Ummm yeah I took out $45,000 for my doctoral tuition, but my brother had to take out over $250,000 for his law school tuition and living expenses for when he was in law school! Chat Icon

Posted 10/27/06 8:26 AM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: Spinoff to monthly bills

It took DH and I 10 years to pay off all school loans. We were done right before we bought the house.

Posted 10/27/06 10:58 AM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Spinoff to monthly bills

Posted by Salason

unfortunately i got insurance money and paid mine off right away (i'd give anything to be in debt and have my dad back) but we paid off the bulk of DH's in Jan and will pay the rest of his off this Jan Chat Icon



my sisters wer wiped clean b/c they were in my Mom's name- and they had an isurance policy attached

(of course we would rather have my Mom back also)

Posted 10/27/06 11:02 AM
 

missus-hbradio
Twin mommy

Member since 5/05

15857 total posts

Name:

Re: Spinoff to monthly bills

Posted by jennandrob

I can finally see the light at the end of my student loan tunnel.....only $2500 more to go.

I'm approaching 10 years out of college though - it's taken forever to pay of!! Chat Icon



HOLY CRAP thats all you have left????Chat Icon When are you buying me dinner???Chat Icon

I am out of college for 7 years now, almost 8 and I still have 17K to go and NO CAREER TO SHOW FOR IT!!! Hoooooray!!!!!Chat Icon Chat Icon Chat Icon

Posted 10/27/06 11:05 AM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Spinoff to monthly bills

Posted by Beth1210

Posted by Salason

unfortunately i got insurance money and paid mine off right away (i'd give anything to be in debt and have my dad back) but we paid off the bulk of DH's in Jan and will pay the rest of his off this Jan Chat Icon



my sisters wer wiped clean b/c they were in my Mom's name- and they had an isurance policy attached

(of course we would rather have my Mom back also)




i was in high school when my father died - but my sister was a junior in college - my father took out the parent loans for my sister- not my mom - so when he passed away all hers were paid as well.

(of course we would rather have my dad back too)

Posted 10/27/06 11:09 AM
 

Lucky09
2017!

Member since 1/06

7536 total posts

Name:
DW

Re: Spinoff to monthly bills

Posted by Meaghan729

Posted by Freddie

Posted by chmlengr

The reason we didn't pay off before is because the interest rate on them was at an incredible low - like 2%. At that time, it was better to keep my money in my GMAC savings which was earning 5.75%. Now that the interest rate is back up near 5% on the loans, we want to pay off.




oh me too - that was so nice 2%!!



im in grad school now- the stafford loan interest rate is over 6%Chat Icon



omg - 6%?!?!? I am so glad I consolidated my loans and locked in 2.25%. I will probably be paying back until I retire. Chat Icon

Posted 10/27/06 11:09 AM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Spinoff to monthly bills



i was in high school when my father died - but my sister was a junior in college - my father took out the parent loans for my sister- not my mom - so when he passed away all hers were paid as well.

(of course we would rather have my dad back too)


my brothers are in my Dad's name- what a waste of money! at least my sister is doing something with her degree

my parents always thought it would be my dad to go first- so it was really done this way for my Mom- and she didn't make it to see my sister graduate Chat Icon

Posted 10/27/06 11:12 AM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Spinoff to monthly bills

Posted by Beth1210



i was in high school when my father died - but my sister was a junior in college - my father took out the parent loans for my sister- not my mom - so when he passed away all hers were paid as well.

(of course we would rather have my dad back too)



my brothers are in my Dad's name- what a waste of money! at least my sister is doing something with her degree

my parents always thought it would be my dad to go first- so it was really done this way for my Mom- and she didn't make it to see my sister graduate Chat Icon


Chat Icon Chat Icon Chat Icon Chat Icon

my sisters were in my dads name bc my mother has no clue about finances whatsoever. So when I started college, even though she didnt take any loans out for me - just getting her to fill out the FAFSA was a PITA!

Posted 10/27/06 11:13 AM
 

stickydust
Now a mommy of 2!!!

Member since 4/06

3164 total posts

Name:

Re: Spinoff to monthly bills

Thankfully DH and I have no undergrad loans however I went to law school and he went to Business school so we pay about $1400/month combined in loans Chat Icon Chat Icon


I won't even tell you how much we have left - its like a mortgageChat Icon

Posted 10/27/06 11:22 AM
 

steph4777
**************

Member since 5/05

11726 total posts

Name:
Stephanie

Re: Spinoff to monthly bills

I have loans from undergrad and grad.... DH only has loans from law school. To think his parents would have paid for law school if he went right out of undergrad, but no he wanted to work first. Chat Icon Chat Icon

Posted 10/27/06 11:24 AM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: Spinoff to monthly bills

Posted by Blu-ize

It took DH and I 10 years to pay off all school loans. We were done right before we bought the house.



Interest rates back then were at 13%! I re-consolidated these loans tons of times to bring down the rates. At the end I had the loans on 0% cards.

Posted 10/27/06 11:31 AM
 

SweetTooth
I'm a tired mommy!

Member since 12/05

20105 total posts

Name:
Lauren

Re: Spinoff to monthly bills

Both DH and I have student loans.. he is paying his back now, I am finishing up my masters so I am on deferrment right now, but am not looking forward to what that monthly payment will be... Sometimes I really feel like school was a total waste of time and money.

Posted 10/27/06 11:31 AM
 
 

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