Re: How much undergraduate debt did you graduate with?
Posted: Thu Apr 01, 2010 3:53 pm
About $6,000. I had scholarships out the wazoo thankfully.
Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=15&t=81458
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.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.
violinst wrote: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).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.
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.HazelEyes wrote:violinst wrote: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).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.
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.
ditto.gatorlion wrote:ZERO. I actually made money in college after merit scholarships.
Thanks, Florida Bright Futures!
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.OmbreGracieuse wrote:How did so many people graduate with no debt?!
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 . . . easykarmakmsa wrote:ditto.gatorlion wrote:ZERO. I actually made money in college after merit scholarships.
Thanks, Florida Bright Futures!