View previous topic :: View next topic |
Author |
Message |
OBwannabe
Joined: 16 Feb 2008
|
Posted: Sat Jun 21, 2008 8:15 am Post subject: How much debt did you have when you came to Korea? |
|
|
I came over here with almost $60,000 in student/personal debt when I came over here 2.5 years ago. Haven't paid off nearly as much as I would have liked, but I'm going to hunker down now.
Has anyone else come over here with enormous debt? Did you get it paid off? How long did it take?
Sometimes I wonder if this is the best way to go to pay off what I owe. Not too many good paying jobs in my field back home though. |
|
Back to top |
|
 |
globalgirlk
Joined: 18 Jun 2008 Location: Livingston, La
|
Posted: Sat Jun 21, 2008 8:53 am Post subject: |
|
|
Yep, I'll be coming over then in another year with a bit more. Thankfully, there are some things that I don't do like drink, smoke, or go out. Yeah, I'm boring but anywho. Good luck! |
|
Back to top |
|
 |
Temporary
Joined: 13 Jan 2008
|
Posted: Sat Jun 21, 2008 8:55 am Post subject: |
|
|
28k |
|
Back to top |
|
 |
the ireland

Joined: 11 May 2008 Location: korea
|
Posted: Sat Jun 21, 2008 9:14 am Post subject: |
|
|
i had zero debt, the free education in Ireland is great |
|
Back to top |
|
 |
raclos234
Joined: 24 Mar 2007 Location: korea
|
Posted: Sat Jun 21, 2008 9:51 am Post subject: |
|
|
finished paying off my debt about a month before i arrived in 05'...but when i got to korea probably had only $200 in my wallet and about $600 in my acct back home. |
|
Back to top |
|
 |
IncognitoHFX

Joined: 06 May 2007 Location: Yeongtong, Suwon
|
Posted: Sat Jun 21, 2008 9:55 am Post subject: |
|
|
$44,000... Student loans + Credit cards. Knocked it down to $38,000 since I've been in Korea and plan on doing more this year. |
|
Back to top |
|
 |
BritishinSuwon
Joined: 17 May 2008 Location: No longer in Suwon! Now kicking it in Shanghai
|
Posted: Sat Jun 21, 2008 10:35 am Post subject: |
|
|
I had just over 17,000pounds in debt when I came here. After two years of being here, it's down to just about 5,000pounds...gotta admit I busted my balls to get it paid down that much, but it's been well worth it. |
|
Back to top |
|
 |
mindmetoo
Joined: 02 Feb 2004
|
Posted: Sat Jun 21, 2008 11:00 am Post subject: |
|
|
I had 0. My student loan was $5000 in 1991 and retired that a couple years later. |
|
Back to top |
|
 |
yetanotherSarah
Joined: 09 Sep 2007
|
Posted: Sat Jun 21, 2008 2:52 pm Post subject: |
|
|
I had 13k and I was able to pay it off within 8 months of getting here. I just wanted it gone though, debt makes me uncomfortable. |
|
Back to top |
|
 |
PRagic

Joined: 24 Feb 2006
|
Posted: Sat Jun 21, 2008 2:56 pm Post subject: |
|
|
None. Army comped my first two years of school, then I worked full time at night after I got out until I graduated. |
|
Back to top |
|
 |
teachteach
Joined: 26 Mar 2008
|
Posted: Sat Jun 21, 2008 3:18 pm Post subject: |
|
|
Wow. All this student debt so that you can't find a job back home anyways. Money well spent. |
|
Back to top |
|
 |
Captain Corea

Joined: 28 Feb 2005 Location: Seoul
|
Posted: Sat Jun 21, 2008 4:57 pm Post subject: |
|
|
$32,000 cdn
All gone now. |
|
Back to top |
|
 |
knee-highs

Joined: 15 Feb 2007 Location: yes
|
Posted: Sat Jun 21, 2008 5:35 pm Post subject: |
|
|
once again, the middle class rolls out the debtor blues. if you don't want debt, quit borrowing money.... not everyone needs to have a university education. you can be just as happy as milk maids, bathroom custodians and lorry drivers. |
|
Back to top |
|
 |
ChinaBoy
Joined: 17 Feb 2007
|
Posted: Sat Jun 21, 2008 6:35 pm Post subject: |
|
|
no debt, I had a job and earned money |
|
Back to top |
|
 |
mindmetoo
Joined: 02 Feb 2004
|
Posted: Sat Jun 21, 2008 7:23 pm Post subject: |
|
|
teachteach wrote: |
Wow. All this student debt so that you can't find a job back home anyways. Money well spent. |
You're creating a false dichotomy. How much logic did you learn at your university? While a BA holder can earn a comfortable living by mid career, it's certainly 5 years of foot in the door work. It seems wise to take a job for a couple years, post graduation, and quickly pay off your debt. If you have no debt, a nest egg of $30K would serve a 25 year old well back home. |
|
Back to top |
|
 |
|