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How much student loans did you have?
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recessiontime



Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha

PostPosted: Sat Nov 27, 2010 4:47 am    Post subject: Reply with quote

methdxman wrote:
Over 120k Sad


I'm curious if you are paying this down with your ESL salary.

Smile
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methdxman



Joined: 14 Sep 2010

PostPosted: Sat Nov 27, 2010 4:48 am    Post subject: Reply with quote

recessiontime wrote:
methdxman wrote:
Over 120k Sad


I'm curious if you are paying this down with your ESL salary.

Smile


Not in teaching.
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RMNC



Joined: 21 Jul 2010

PostPosted: Sat Nov 27, 2010 11:52 am    Post subject: Reply with quote

youtuber wrote:
RMNC wrote:
Waiting tables, and briefly working as teller at a bank for around a month.

No Korean job could be worse than the latter. I'd take Kindy startup hagwons with crappy contracts over working at a bank in a heartbeat. My god that was a horrible job. Waiting tables, while it makes you smell like food all the time and you're nothing more than a servant, was mostly laid back and had some positives. Banks... *shudder*



Korea = Shudder^10


No. No. Not at all. Korea is a cakewalk compared to that job. Korea was truly sparkling compared to that job. Never ever work in a bank if you can help it.
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Vix



Joined: 18 Jun 2010
Location: Seoul

PostPosted: Wed Dec 01, 2010 6:01 am    Post subject: Reply with quote

I am 24 now, went to a good uni and have no debt at all. I have never even had a credit card. You can hate me a little if you want Wink
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nfld_chingu



Joined: 29 Jun 2009

PostPosted: Wed Dec 01, 2010 6:38 am    Post subject: Reply with quote

Vix, I do hate you Confused

I borrowed about $60,000 for school. The government "forgave" close to $10,000 of that, leaving me with about $50,000 to pay off. In the past three years since I graduated, I have paid $12,000 of it, leaving me with $38,000 debt.
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Silly-leaf



Joined: 09 Mar 2010

PostPosted: Wed Dec 01, 2010 6:46 am    Post subject: Reply with quote

I owe around $35,000 Canadian. I've had a few grants that have kept it down but I'll still be paying around $400 a month when I graduate in April according to my most recent student loan document.
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goniff



Joined: 31 Dec 2007

PostPosted: Thu Dec 02, 2010 5:03 am    Post subject: Reply with quote

you actually have to pay for a Canadian "education"?

talk about money for old rope...
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Taya



Joined: 09 Jan 2009
Location: Changwon

PostPosted: Thu Dec 02, 2010 5:57 am    Post subject: Reply with quote

I managed to get by without any student loans. I lived with my parents while in university, I got a small scholarship that paid for just one semester, my parents paid for my second semester, and I worked part-time (and full-time during the summers) to pay for the rest. My parents also contributed money here and there for textbooks. They gave me a loan so I could buy a laptop and I paid it back as soon as I could. In short: I'm very grateful for my parents.

nfld chingu: I assume from your name that you're from Newfoundland like me. Surprised
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Catfisher



Joined: 10 Nov 2010

PostPosted: Thu Dec 02, 2010 6:17 am    Post subject: Reply with quote

Almost $30,000. All paid off now as well as all credit cards. I'm a debt slave to no one.
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the ireland



Joined: 11 May 2008
Location: korea

PostPosted: Thu Dec 02, 2010 6:54 am    Post subject: Reply with quote

Zero, nothing, nada, zip, zilch etc etc etc

3rd level education is free (well was free now that's changed a bit in the past 2 years or so). I worked throughout college to pay for my rent and bills so I didn't every need a loan.

My masters was also free. The country maybe fooked now but it looked after me getting my education......this actually could be one of the reasons it's fooked (only kidding, it's the banks and governments Sad )

I've never had credit card debt either, I refuse to pay banks interest for my purchases. Everything gets paid off in full within the month limit. If I can't pay it off, I don't buy it.
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nfld_chingu



Joined: 29 Jun 2009

PostPosted: Thu Dec 02, 2010 11:41 am    Post subject: Reply with quote

Taya wrote:


nfld chingu: I assume from your name that you're from Newfoundland like me. Surprised


Yarrr!!
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SarcasticGuy



Joined: 30 Nov 2010

PostPosted: Thu Dec 02, 2010 4:48 pm    Post subject: Reply with quote

the ireland wrote:
If I can't pay it off, I don't buy it.


This seemingly simple economic concept is really, really hard for people to grasp. If you can't pay it off, don't buy it. What a concept! Good on you for living that way.
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AsiaESLbound



Joined: 07 Jan 2010
Location: Truck Stop Missouri

PostPosted: Thu Dec 02, 2010 5:28 pm    Post subject: Reply with quote

SarcasticGuy wrote:
the ireland wrote:
If I can't pay it off, I don't buy it.


This seemingly simple economic concept is really, really hard for people to grasp. If you can't pay it off, don't buy it. What a concept! Good on you for living that way.


Agreed. I don't buy a $70k Mercedes even if I can get a loan for it, because I know I can't afford it. The conundrum with a young person making the decision to buy a $70k education on $40k credit and $30k from part time jobs is many students were sold on the idea that getting an education using a government guaranteed loan program would lead to high paying career opportunities, but in fact, it didn't pan out for millions of graduates in the 2000's. If you are trying, but still falling behind in at least achieving $40k a year 5 years out of college, don't blame it totally on your lack of talent and good looks, blame it on living in a less fortunate time. The legitimate excuse of living in an unpredictably changing screwed up economy still doesn't excuse us from debt, it just means grads, an economy that favors only the rich, and the unemployed need a bailout with a major overhaul like cleaning up a system from bloatware and corrupt viruses and then rebooting it.
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Draz



Joined: 27 Jun 2007
Location: Land of Morning Clam

PostPosted: Thu Dec 02, 2010 7:13 pm    Post subject: Reply with quote

SarcasticGuy wrote:
the ireland wrote:
If I can't pay it off, I don't buy it.


This seemingly simple economic concept is really, really hard for people to grasp. If you can't pay it off, don't buy it. What a concept! Good on you for living that way.


I'm sure everyone has seen this one before.

http://consumerist.com/2007/04/snl-skit-dont-buy-stuff-you-cant-afford.html
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warmachinenkorea



Joined: 12 Oct 2008

PostPosted: Sun Dec 05, 2010 8:17 pm    Post subject: Reply with quote

Wife and I had about $60,000 in student loans and around $2000 in credit cards. I was a SPED teacher and she couldn't find a job in the social work field. We were digging a slow grave. We lived below our means and still couldn't get ahead. We came to Korea in Sept. 2008, and are now down to $38,000. We have gone home twice and took some small vacations. We are now gonna attack the $38,000 more by forgoing vacations.
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