View previous topic :: View next topic |
Author |
Message |
PRagic
Joined: 24 Feb 2006
|
Posted: Tue Apr 19, 2016 11:34 pm Post subject: Curious about Educational Debt Loads |
|
|
With all the hoopla over university debt loads in the US this election cycle, and having quite a few Canadian friends who incurred their own educational debt, I'm curious as to how much debt everyone on the board took on to complete their studies.
If you have it, is it manageable? If you have it, any regrets? If you don't, are you willing to take some on to further your studies?
Open conversation, so shoot....
Me? I took on a few grand of debt over the course of my first two years of undergrad, but the Army paid that off as part of an enlistment bonus when I went in. Used some money I had saved up and worked full time when I got out of the service as I wrapped up my BA, so no more debt there. Worked full time through my MBA, so paid cash from the get-go and no debt there. Ph.D. was fully funded. Unscathed. |
|
Back to top |
|
|
Coltronator
Joined: 04 Dec 2013
|
Posted: Wed Apr 20, 2016 1:21 am Post subject: |
|
|
I had 30k debt coming out of University but could have easily come out with only 20k if I hadn't done my degree in 5 years and didn't use my student line of credit for pocket expenses I didn't need. |
|
Back to top |
|
|
SeoulNate
Joined: 04 Jun 2010 Location: Hyehwa
|
Posted: Wed Apr 20, 2016 2:09 am Post subject: |
|
|
Paid for my BA (public state school (US)) and both MAs (out of state, public (US)) out of my own pocket. Worked full time during all three, came out of all three with no debt. Total cost was a shade under 110 for all three. |
|
Back to top |
|
|
Zyzyfer
Joined: 29 Jan 2003 Location: who, what, where, when, why, how?
|
Posted: Wed Apr 20, 2016 11:29 pm Post subject: |
|
|
Had it for BA, paid it off eventually. It was manageable, the monthly payments were not atrocious so I never missed payments. Didn't regret taking on the debt necessarily, just my major due to a lack of understanding of the real world at the time. And regret taking forever to pay it off, I just paid the minimum for a long time.
If I knew what to study for post-grad, I would be more concerned with getting that started than with taking on debt to do so. |
|
Back to top |
|
|
|