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How much debt did you have when you came to Korea?
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OBwannabe



Joined: 16 Feb 2008

PostPosted: Sat Jun 21, 2008 8:15 am    Post subject: How much debt did you have when you came to Korea? Reply with quote

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.
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globalgirlk



Joined: 18 Jun 2008
Location: Livingston, La

PostPosted: Sat Jun 21, 2008 8:53 am    Post subject: Reply with quote

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!
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Temporary



Joined: 13 Jan 2008

PostPosted: Sat Jun 21, 2008 8:55 am    Post subject: Reply with quote

28k
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the ireland



Joined: 11 May 2008
Location: korea

PostPosted: Sat Jun 21, 2008 9:14 am    Post subject: Reply with quote

i had zero debt, the free education in Ireland is great
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raclos234



Joined: 24 Mar 2007
Location: korea

PostPosted: Sat Jun 21, 2008 9:51 am    Post subject: Reply with quote

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.
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IncognitoHFX



Joined: 06 May 2007
Location: Yeongtong, Suwon

PostPosted: Sat Jun 21, 2008 9:55 am    Post subject: Reply with quote

$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.
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BritishinSuwon



Joined: 17 May 2008
Location: No longer in Suwon! Now kicking it in Shanghai

PostPosted: Sat Jun 21, 2008 10:35 am    Post subject: Reply with quote

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.
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Sat Jun 21, 2008 11:00 am    Post subject: Reply with quote

I had 0. My student loan was $5000 in 1991 and retired that a couple years later.
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yetanotherSarah



Joined: 09 Sep 2007

PostPosted: Sat Jun 21, 2008 2:52 pm    Post subject: Reply with quote

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.
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PRagic



Joined: 24 Feb 2006

PostPosted: Sat Jun 21, 2008 2:56 pm    Post subject: Reply with quote

None. Army comped my first two years of school, then I worked full time at night after I got out until I graduated.
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teachteach



Joined: 26 Mar 2008

PostPosted: Sat Jun 21, 2008 3:18 pm    Post subject: Reply with quote

Wow. All this student debt so that you can't find a job back home anyways. Money well spent.
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Captain Corea



Joined: 28 Feb 2005
Location: Seoul

PostPosted: Sat Jun 21, 2008 4:57 pm    Post subject: Reply with quote

$32,000 cdn

All gone now.
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knee-highs



Joined: 15 Feb 2007
Location: yes

PostPosted: Sat Jun 21, 2008 5:35 pm    Post subject: Reply with quote

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.
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ChinaBoy



Joined: 17 Feb 2007

PostPosted: Sat Jun 21, 2008 6:35 pm    Post subject: Reply with quote

no debt, I had a job and earned money
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Sat Jun 21, 2008 7:23 pm    Post subject: Reply with quote

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.
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