How much undergraduate debt did you graduate with?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.

How much undergraduate debt did you graduate with?

Debt Free (No federal, personal or private loans to repay)
245
40%
Less than 10K
62
10%
Between 10-25K
154
25%
Between 25-50K
76
13%
Between 50-75K
38
6%
Between 75-85K
13
2%
Between 85-100K
8
1%
More than 100K
12
2%
 
Total votes: 608

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rx3r
Posts: 226
Joined: Mon Jun 15, 2009 9:35 pm

Re: How much undergraduate debt did you graduate with?

Postby rx3r » Thu Apr 01, 2010 3:53 pm

About $6,000. I had scholarships out the wazoo thankfully.

finn17
Posts: 9
Joined: Wed Mar 31, 2010 1:14 pm

Re: How much undergraduate debt did you graduate with?

Postby finn17 » Thu Apr 01, 2010 4:04 pm

74 k :|

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MURPH
Posts: 854
Joined: Wed Dec 10, 2008 12:20 am

Re: How much undergraduate debt did you graduate with?

Postby MURPH » Tue Apr 06, 2010 7:35 am

15K in 1997 then another 15K in 2000 for my Masters. I paid them off in full just before I turned thirty. Deeply in debt is a crappy way to spend your twenties.
I got step kids in college now and neither of them had to take out loans during their freshman year. On is on scholarship and the other...not quite scholarship material. I paid room, board, etc for them but I doubt we'll be able to keep that up with no loans while I am in law school.

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robin600
Posts: 1583
Joined: Wed Dec 31, 2008 3:07 pm

Re: How much undergraduate debt did you graduate with?

Postby robin600 » Wed Apr 07, 2010 1:06 pm

fewds320 wrote:Penn State blows. I've got $100k in undergraduate debt, and that's the cheapest University in the state of Pennsylvania, and is state-funded. $13-$14k per year for in-state residents is absurd compared to, all 49 other states.

So, 12-14k a year in loans, with another $10k in living expenses each year.. and that was the cheapest option available to me because I had the misfortune of being born in Pennsylvania.

I go to MSU which is around 15k a year for in state undergrads freshman-sophomore 16k for junior-senior level. UofM is way worse which is about 17k for freshman-sophomore 19k for junior seniors. Doesn't include room and board.

I'll graduate with 8k in debt because of my time studying at university of london. Don't regret the debt though, since I'll graduate law school with only 45k in debt.

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HazelEyes
Posts: 192
Joined: Tue Mar 30, 2010 7:35 pm

Re: How much undergraduate debt did you graduate with?

Postby HazelEyes » Sun Apr 11, 2010 4:35 pm

violinst wrote:
HazelEyes wrote:I knew my parents couldn't afford to pay one dime towards my tuition. I also knew that they never filed their taxes on time and would often withhold financial info for FAFSA on purpose.

Went to a cheap, good, public, city college. Worked full time throughout college, and graduated with less than 4,000 in loans.

Can't imagine why anyone would take out loans over 20,000 for undergrad. It's UNDERGRAD.

I'm also glad I didn't let anyone talk me into taking out crazy loans, like the financial aid office. I worked really hard for 4 years, but now I don't have a shadow hanging over my head.


Why not a subsidized loan? It's interest free as long as you are a student. It's a good investment strategy, and there is no incentive for me to pay off the loan (I could, if I want to right now) until I get out of school completely (being a part-time student also qualifies me for deferments in my case).



As soon as you graduate, you begin paying back. Any idea on the amount you need to repay 20,000+, it's not a pretty sight. Secondly, most people need a co-signer, which I didn't have.

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violinst
Posts: 230
Joined: Mon Mar 01, 2010 4:23 pm

Re: How much undergraduate debt did you graduate with?

Postby violinst » Mon Apr 12, 2010 7:53 pm

HazelEyes wrote:
violinst wrote:
HazelEyes wrote:I knew my parents couldn't afford to pay one dime towards my tuition. I also knew that they never filed their taxes on time and would often withhold financial info for FAFSA on purpose.

Went to a cheap, good, public, city college. Worked full time throughout college, and graduated with less than 4,000 in loans.

Can't imagine why anyone would take out loans over 20,000 for undergrad. It's UNDERGRAD.

I'm also glad I didn't let anyone talk me into taking out crazy loans, like the financial aid office. I worked really hard for 4 years, but now I don't have a shadow hanging over my head.


Why not a subsidized loan? It's interest free as long as you are a student. It's a good investment strategy, and there is no incentive for me to pay off the loan (I could, if I want to right now) until I get out of school completely (being a part-time student also qualifies me for deferments in my case).



As soon as you graduate, you begin paying back. Any idea on the amount you need to repay 20,000+, it's not a pretty sight. Secondly, most people need a co-signer, which I didn't have.


Which is better than paying while you still are in school. With subsidized loans (no interest while you are at least a part-time student), you can keep your money in a savings/money-market account and earn interest until you can't get more deferments. I have been getting deferments for 5 years and have earned quite some interest. Just as I said, it's a good investment strategy.

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billyez
Posts: 868
Joined: Sun Jun 14, 2009 6:19 pm

Re: How much undergraduate debt did you graduate with?

Postby billyez » Tue Apr 13, 2010 12:20 am

Am I the only one who's dumbfounded by the amount of people who are gtting through without any debt whatsoever? I mean, worked through college and everything, but I'm still going to have at least ten thousand in debt at the end of this. Public universities aren't cheap either. College is expensive no matter what you do...thank goodness for that year at community college.

karmakmsa
Posts: 26
Joined: Sat Dec 19, 2009 10:16 am

Re: How much undergraduate debt did you graduate with?

Postby karmakmsa » Tue Apr 13, 2010 12:25 am

gatorlion wrote:ZERO. I actually made money in college after merit scholarships.

Thanks, Florida Bright Futures!


ditto.

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chadwick218
Posts: 1337
Joined: Tue Feb 03, 2009 10:15 pm

Re: How much undergraduate debt did you graduate with?

Postby chadwick218 » Tue Apr 13, 2010 12:31 am

I ended up attending strong, allbeit not a public ivory, state school for undergrad. Although I often regret not going to a much better school, I am very pleased to have graduated undergrad debt free without the assistance of my parents.

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MrSoOoFLy
Posts: 263
Joined: Mon Dec 29, 2008 5:36 pm

Re: How much undergraduate debt did you graduate with?

Postby MrSoOoFLy » Tue Apr 13, 2010 12:45 am

15k... pretty good from an undergrad that was 29k per year

OmbreGracieuse
Posts: 254
Joined: Mon Apr 05, 2010 10:39 pm

Re: How much undergraduate debt did you graduate with?

Postby OmbreGracieuse » Wed Apr 14, 2010 9:50 pm

How did so many people graduate with no debt?!

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thecubiclelife
Posts: 48
Joined: Sun Jan 31, 2010 5:55 pm

Re: How much undergraduate debt did you graduate with?

Postby thecubiclelife » Wed Apr 14, 2010 10:13 pm

OmbreGracieuse wrote:How did so many people graduate with no debt?!


See karmakmsa's post. Thank you, Floridians who play the lottery! I heard that there was an equivalent in Georgia (HOPE scholarship?), but I can't be sure.

Or, TLS could be full of trust-fund babies. Your pick.

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Mickey Quicknumbers
Posts: 2177
Joined: Tue Apr 28, 2009 1:22 pm

Re: How much undergraduate debt did you graduate with?

Postby Mickey Quicknumbers » Wed Apr 14, 2010 11:13 pm

karmakmsa wrote:
gatorlion wrote:ZERO. I actually made money in college after merit scholarships.

Thanks, Florida Bright Futures!


ditto.


I'd like to be the 6th person on this thread to affirm the awesomeness of Florida higher education. I graduated high school with a 2.56 unweighted, this qualified me for a scholarship totaling 3/4 of my tuition, that final quarter came out to be around 650$ a semester bill, but pell grants took plenty good care of that and then some. Thanks to AP's and CLEP's I've only had to take 9-12 credit hours per semester for the last three years to graduate, leaving plenty of time for a workstudy job with the track team making 8.50 an hour, 15 hours a week, to surf espn. My life up to this point has been . . . easy




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