How much are your loans?

sk8rmom
Tue, 04 Jan 2011 20:40:44 +0000

Fifty THOUSAND dollars a year for an A.A.S.?! :eek: :eek: Have you read the stories on the Project on Student Debt website yet? Perhaps you and anderson88 should have a conversation:

http://talk.collegeconfidential.com/financial-aid-scholarships/1064987-70k-student-loans-half-them-private-2-7-gpa-general-studie-degree-no-resume.html

You really need to get a better concept of money before you go back…that $25K you borrow for the next 4 months may be more than your entire year’s salary with an associate’s degree…and there will be interest added on top of that! You would be better off taking that money and travelling the world for a year…at least that would be a valuable educational experience!

My D will graduate with a Master’s from SUNY Buffalo after 5 years and will not have accumulated $50K in debt…we’re hoping she can repay her loans without too much difficulty on a salary of around $50K/year, but there’s certainly no guarantee that she won’t struggle! How in the world are you going to live and repay your debt? Please, take a leave of absence and find a new school to love before it’s too late!