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How long shall it be, before you pay the sum of your student loans?

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How long shall it be, before you pay the sum, of your student loans?

Poll closed Dec 15, 2014.
  1. 5 years

    4 vote(s)
    22.2%
  2. 10 years

    1 vote(s)
    5.6%
  3. 15 years

    6 vote(s)
    33.3%
  4. Never, I'm passing the dept for the kids.

    7 vote(s)
    38.9%
Multiple votes are allowed.
  1. Tiger Costen
    Honeycomb Dec 12, 2014

    Tiger Costen , Dec 12, 2014 :
    I sat with an acquaintance yesterday, and we were speaking of College tuition, philosophy and the wealthy. Before I go into detail, about what turn our discourse took, I'd like to gather my thoughts, cause the talk got kind of heavy.

    I felt saddened by my own false assumption, that attorney's were excluded from the burdens of tight budgeting, when I was told of their student cost possibly totaling up to 100 grand a year, and that on average after graduation (after factoring a logical percentage a month to pay back loans within a period of time without penalties), of a $100,000 a year salary, they'd bring home $30,000 after taxes!

    I wonder the number of people who fear enrollment of college, sensing from the complaints, in blogs or in the news, of how Jobs aren't always available upon graduating and how once employed, they work you like a community slave (to the point of eating on the go, sleeping and working, with little time for family).
     
    Last edited: Dec 12, 2014

    #1
  2. Hanson Lee
    Marshmallow Dec 12, 2014

    Hanson Lee , Dec 12, 2014 :
    69 years.

    Jokes aside, maybe 15.

    EDIT: It depends... to be honest.

    But 15 years at least. Unless you a millionaire.
     

    #2
    Tiger Costen and AsadP like this.
  3. Ycantibeu21
    Jelly Bean Dec 12, 2014


    #3
  4. godlycadaver
    KitKat Dec 12, 2014

    godlycadaver , Dec 12, 2014 :
    Pay them asap......or they will be up your *** ....I learned this
     

    #4
  5. ExpatZ
    Jelly Bean Dec 12, 2014


    #5
    carolng_ likes this.
  6. dsmonteiro
    Community Consultant Staff Member Dec 12, 2014

    dsmonteiro , Dec 12, 2014 :
    Paid while studying (by having a part-time job). Well, that's what paying taxes in the EU gets you! ;)

    1000€ a year is rather easy to pay.
     

    #6
    Tiger Costen likes this.
  7. Tricia24
    Ice Cream Sandwich Dec 12, 2014

    Tricia24 , Dec 12, 2014 :
    Tuition rates keep skyrocketing and quality of the programs keeps decreasing. It's abysmal. (Canada here.)
     

    #7
    GeekOnTheHill, carolng_ and ExpatZ like this.
  8. towe96
    Ice Cream Sandwich Dec 12, 2014


    #8
  9. dhruv zaveei
    Donut Dec 12, 2014

  10. The Earl of Twatshire
    KitKat Dec 12, 2014

    The Earl of Twatshire , Dec 12, 2014 :
    Student Loans?

    I was lucky, my dear departed parents paid for my rather poor education. I learnt precious little from school and university. Mainly some rot by a man called Newton and some silly laws of his. Indeed.

    (It took the writer of the Earl of Twatshire 12 years to pay off his student loans. He celebrated by getting a mortgage.....)
     

    #10
  11. dhruv zaveei
    Donut Dec 12, 2014


    #11
  12. olaso
    Froyo Dec 12, 2014

    olaso , Dec 12, 2014 :
    Thank God in my country we have excellent public universities and I only had to pay around a $100 per semester (that was like ten years ago, but still pretty cheap) When I started college I paid around $20 the semester. The government maintains education with all the money we safe from not having an army.
     

    #12
    dsmonteiro likes this.
  13. Reivon Choccoli
    Community Veteran Dec 12, 2014

    Reivon Choccoli , Dec 12, 2014 :
    I will never have to give anything back. The Danish State pays 18+ year old students based on their dwelling place, if they live on their own, they get a fine amount which covers basic monthly needs. Unless they loan more money, they need to give nothing back after they're done. Most just get a small job instead of lending money.
     

    #13
    Tiger Costen likes this.
  14. kartik666
    Ice Cream Sandwich Dec 12, 2014

    kartik666 , Dec 12, 2014 :
    Will take at least 15 years for me. And I am still not done with my education!!:(:(
     

    #14
  15. Tiger Costen
    Honeycomb Dec 12, 2014

    Tiger Costen , Dec 12, 2014 :
    Omg lol, what a trade off, though there are loan of %100 financing and zero interest...
     

    #15
    The Earl of Twatshire likes this.
  16. Tiger Costen
    Honeycomb Dec 12, 2014

    Tiger Costen , Dec 12, 2014 :
    Hmm, What Country did you attend school?
     

    #16
  17. jthe111
    Jelly Bean Dec 12, 2014

    jthe111 , Dec 12, 2014 :
    About 3 years. I plan to live at home until my debt is free. Im still also going to put a bit away so I can get a place after that.
     

    #17
    Tiger Costen likes this.
  18. Tiger Costen
    Honeycomb Dec 12, 2014

    Tiger Costen , Dec 12, 2014 :
    I should say, loans of that type existed in 1999, I'm not too certain about banks these days.
     

    #18
  19. juhor
    Honeycomb Dec 12, 2014

    juhor , Dec 12, 2014 :
    All the education is free in Finland. They even pay you 500€ a month when you are studying(plus whatever you are getting by working). Never had any loans and I'm almost done with university.
     

    #19
    carolng_ and dsmonteiro like this.
  20. Tiger Costen
    Honeycomb Dec 12, 2014

    Tiger Costen , Dec 12, 2014 :
    Sorry, I hope the standard of tuition cost, somehow lessen, in Canada. I only fear that with lower tuition, it'll spark more building of infrastructures. When people have a surplus of dollars to spend, they usually want to build houses, offices and tare down our nature paths...that's sorta scary.
     

    #20