• From: Detroit
  • Registered: 2006-06-02
  • Posts: 5,807

Topic: Studen Loans stink!

I just gradauated with my Master's degree... and now for the amount borrowed!?

$60,000

Between $300 and $400 dollars a month for the next 30 years will make me pay more than double the amount I borrowed. sheesh!

That makes me a sad panda!

sad

- Nic from Detroit... posting on JB's Forum since 6-2-2006
Ask me about my handwound Great Lakes Guitar Pickups
Since 2010, Bonamassa fans have taken advantage of my JB friend discount = my cost + shipping. cool
  • Ges
  • Ges
  • Titanium
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  • From: NW England
  • Registered: 2006-09-25
  • Posts: 845

Re: Studen Loans stink!

SIXTY GRAND !!!??

Phew !!

Don't you guys get help from the Govt with the loans ?
In the UK the interest rate for student loans is really low.......mind you they all are at the mo.

Hope the degree was in something really good.

Well done though.
Must be a great relief to have it.

  • From: St. Louis, MO
  • Registered: 2006-06-20
  • Posts: 960

Re: Studen Loans stink!

NPB_EST.1979 wrote:

I just gradauated with my Master's degree... and now for the amount borrowed!?

$60,000

Between $300 and $400 dollars a month for the next 30 years will make me pay more than double the amount I borrowed. sheesh!

That makes me a sad panda!

sad

My student loans came to about the same amount, but I was able to consolidate them into one loan at 2.7% interest for 30 years. My payments are $261.00 per month. This includes an additional 1/4% rate reduction by having the amount taken directly out of my account each month.

~Rhonda

"I don't think obsessions have reasons, that's why they're obsessions....National Geographic likes their pictures in focus..." Robert Kincaid

photogal's Website

  • From: Detroit
  • Registered: 2006-06-02
  • Posts: 5,807

Re: Studen Loans stink!

I'm hoping for that too... haven't consolidated yet. Fingers are crossed!
btw I know I misspelled student in the subject line big_smile

- Nic from Detroit... posting on JB's Forum since 6-2-2006
Ask me about my handwound Great Lakes Guitar Pickups
Since 2010, Bonamassa fans have taken advantage of my JB friend discount = my cost + shipping. cool
  • eva
  • eva
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  • From: germany
  • Registered: 2007-03-15
  • Posts: 1,885

Re: Studen Loans stink!

I´d say tuition fees stink! wink

We used to have free access to university when I started, but after two terms the Government decided that they need more money, so we all have to pay since then. I know we´re not paying as much as students in America, but we had huge discussions about "social equity" anyway ....

But anyway - congratulations on graduating with your Master´s degree!
I have three terms to go still ...

Eva

  • From: Corby
  • Registered: 2008-11-20
  • Posts: 59

Re: Studen Loans stink!

Ges wrote:

SIXTY GRAND !!!??

Phew !!

Don't you guys get help from the Govt with the loans ?
In the UK the interest rate for student loans is really low.......mind you they all are at the mo.

Hope the degree was in something really good.

Well done though.
Must be a great relief to have it.


Might be a low interest rate, but I've just finished my degree and now have a minimum of at least £18,000 to pay back one day sad  Hope it's worth it when I find out my results!

Live Your Life Like A Rock N Roll Rebel
  • From: Edgewater, FL
  • Registered: 2007-12-08
  • Posts: 5,046

Re: Studen Loans stink!

The Academic Morass...The Political Quagmire...The Big Lie...

Sorry.  Grumble... I guess I could add in the hypocracy of Religious Heirarchy...The Moral Majority which is neither and...

then there's the Music Biz... roll

Ah well

Rock On & Keep the FAITH
             It is
Blues From the Bottoms

bigjeffjones's Website

  • From: Crystal Lake, Il.
  • Registered: 2006-04-22
  • Posts: 5,120

Re: Studen Loans stink!

Sorry, I am probably in the minority, but I don't want my tax dollars paying for someone else's college tuition.
This is probably whining, but I'm already paying for Social Security I'll probably never see a penny of, family health care costs that are through the roof, taxes for Medicare & Medicaid programs that are fraught with fraud, college tuitions for my kids, my portion (who knows what that's gonna be) of the "stimulous" package, not to mention the cost of two upcoming weddings. In the meantime, my meager retirement investments have gone down the crapper, my salary has been cut by 10% and our cow has gone dry (ok, I made that last one up).
Whew, thanks, I feel a bit better just getting that all off my chest!

"Rock ON & Keep the Faith"
  • From: Edgewater, FL
  • Registered: 2007-12-08
  • Posts: 5,046

Re: Studen Loans stink!

Yeah outa compassion, I tried not to go there...but I just can't help it. 

DO NOT WHINE TO ME ABOUT PAYING A BILL YOU SIGNED ON FOR.  whew...

Think about it.  You wanted the credentials.  They cost money. 

I think the biggest part of your education just hit you.  All of you students.  The name of the game is money and how to separate you from yours.

truth

Rock On & Keep the FAITH
             It is
Blues From the Bottoms

bigjeffjones's Website

10 Reply by NPB_EST.1979 (edited by NPB_EST.1979 2009-06-25 20:03:33)

  • From: Detroit
  • Registered: 2006-06-02
  • Posts: 5,807

Re: Studen Loans stink!

bigjeffjones wrote:

Think about it.  You wanted the credentials.  They cost money. 

I think the biggest part of your education just hit you.  All of you students.  The name of the game is money and how to separate you from yours.

truth

It goes both ways though...

Why lawyers are so expensive....? their over $100,000+ student loan bills... that not including their loans from their bachelor's degree, etc. It's not the over-head so much. It is "what they went through to know what you don't about the law, and how much they paid to learn it."

costcomesfullcircle

- Nic from Detroit... posting on JB's Forum since 6-2-2006
Ask me about my handwound Great Lakes Guitar Pickups
Since 2010, Bonamassa fans have taken advantage of my JB friend discount = my cost + shipping. cool
  • From: Edgewater, FL
  • Registered: 2007-12-08
  • Posts: 5,046

Re: Studen Loans stink!

NPB_EST.1979 wrote:
bigjeffjones wrote:

Think about it.  You wanted the credentials.  They cost money. 

I think the biggest part of your education just hit you.  All of you students.  The name of the game is money and how to separate you from yours.

truth

It goes both ways though...

Why lawyers are so expensive....? their over $100,000+ student loan bills... that not including their loans from their bachelor's degree, etc. It's not the over-head so much. It is "what they went through to know what you don't about the law, and how much they paid to learn it."

costcomesfullcircle

You just proved my point.  The name of the game is MONEY.  I congratulate you.

Rock On & Keep the FAITH
             It is
Blues From the Bottoms

bigjeffjones's Website

  • From: Corby
  • Registered: 2008-11-20
  • Posts: 59

Re: Studen Loans stink!

I'm not saying that taxpayers should pay for other people's tuition feees - I agree that it's not up to you to fund, it's my choice, my money to spend!  Just annoyed that loans in England went up from £1000 and something, to £3000 a year - for the same level of education, the same resources as was available before. Gah!
And now I'm considering doing a Masters degree - more money to end up paying back! lol

Live Your Life Like A Rock N Roll Rebel
  • From: Crystal Lake, Il.
  • Registered: 2006-04-22
  • Posts: 5,120

Re: Studen Loans stink!

NPB_EST.1979 wrote:
bigjeffjones wrote:

Think about it.  You wanted the credentials.  They cost money. 

I think the biggest part of your education just hit you.  All of you students.  The name of the game is money and how to separate you from yours.

truth

It goes both ways though...

Why lawyers are so expensive....? their over $100,000+ student loan bills... that not including their loans from their bachelor's degree, etc. It's not the over-head so much. It is "what they went through to know what you don't about the law, and how much they paid to learn it."

costcomesfullcircle

Actually, it's whatever the market will bear. If you can get someone to pay $450/hour for your services, then that's what you're going to charge.
If you can get someone to pay $100,000 for tuition....

"Rock ON & Keep the Faith"
  • From: Detroit
  • Registered: 2006-06-02
  • Posts: 5,807

Re: Studen Loans stink!

This may be my saving grace... and a really funny video!

http://www.ibrinfo.org/

- Nic from Detroit... posting on JB's Forum since 6-2-2006
Ask me about my handwound Great Lakes Guitar Pickups
Since 2010, Bonamassa fans have taken advantage of my JB friend discount = my cost + shipping. cool
  • From: near Nürnberg Germany
  • Registered: 2008-04-19
  • Posts: 1,204

Re: Studen Loans stink!

Bill S wrote:

Sorry, I am probably in the minority, but I don't want my tax dollars paying for someone else's college tuition.

Nor do I, Bill. But if I have to pay taxes at all I prefer them to be used as a government´s investing in manpower by giving free acces to education, cheap students´loans etc , and less as excessive military spendings and helping bankrupt banks
Günter

Rock On and Keep the Faith

Guenter's Website

  • From: Wisconsin
  • Registered: 2008-08-15
  • Posts: 7,284

Re: Studen Loans stink!

Hey Nic,

Look on the bright side. With the Masters degree that you have, how much more money during your life will you make if you had no college education at all? Don't get me wrong, $60,000 is a lot of money, but 30 years from now when you're my age, you'll say how much it was worth it. smile

Roy

Joe is the Best!
  • From: West Yorkshire, England
  • Registered: 2007-08-02
  • Posts: 1,587

Re: Studen Loans stink!

Hi Nic,
Congratulations on your achievement, you should be very proud of yourself.
I hope you can shrink your green hairy monster to a manageable size and one day, you will look back and say it was all worth it.
Good luck to you..............Tripsy smile

  • From: Crystal Lake, Il.
  • Registered: 2006-04-22
  • Posts: 5,120

Re: Studen Loans stink!

Eva´s Dad wrote:
Bill S wrote:

Sorry, I am probably in the minority, but I don't want my tax dollars paying for someone else's college tuition.

Nor do I, Bill. But if I have to pay taxes at all I prefer them to be used as a government´s investing in manpower by giving free acces to education, cheap students´loans etc , and less as excessive military spendings and helping bankrupt banks
Günter

Gunter,
I certainly can't argue with that! There's a great idea...when you pay your taxes, you get to fill out a form and choose where you'd like your hard earned tax dollars to go.

"Rock ON & Keep the Faith"