how much do you pay on student loans per month

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I owe a massive amount in loans, 33,000 . I'm just curious to how much others pay in student loans ? My goal is to pay it off in 5-10 years. Seems impossible right now though.

Specializes in Nurse-Midwife.

$0 per month.

I've flirted with the idea of taking the quick and expensive route - even paid an exorbitant amount of money for one term of an accelerated graduate RN-MSN program. To me, that kind of debt is not worth it. On the slow boat. Paying as I go.

I feel like education loans should come with a PSA:

Just because some lender will give you $125K+ (or whatever amount) to spend on school, that doesn't mean you should take it.

Actually, maybe that advice should come with LIFE. Live within your means. Don't borrow more than you can pay off. Don't take on debts you can't pay off. Don't assume that if credit is handed to you, and you end up with gobs of loans to pay on, the debt fairy will come along make it all better.

Currently in a grad program and I am shocked at how many of my classmates are taking out the maximum amount of loans for it. And they're struggling to pay for their cable bill, their underwater mortgage, their new car loans, etc, etc, etc. Foolishness.

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Specializes in PICU.

I owed $57,600 in private loans - paid that off in 8 years paying $600-$850/month.

I also had the Stafford loan which was $25,000. I only have $17,000 left and pay $160/month

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Specializes in Intake, Home Care.

$0.00. The Marine Corps paid all my tuition, fees, uniforms and supplies. I also got a living stipend of 2647.00 per month. Got my ADN in two years. Took my boards and now I'm in an accelerated RN-BSN that is 1400.00 per class. Paid for, with the living stipend. I work PDN per diem.

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I haven't started paying yet, but I have 17K in loans and I'm set to pay back 177 a month.

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I started with around 35K (eep!) and am down to 10K. I pay about 1000$ per month (some months a bit more and some months a bit less). I wouldn't be able to pay this much if I had children or dependants, like many of you do.

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Specializes in my patients.

I paid off my ADN completely then enrolled in my BSN-C program...loan amount totals for that TBD. My "deal" with myself was that once I paid off the first degree, I'd go back to finish the BSN. I've completed one year once August hits...

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Thanks everyone. At least I know I'm not alone !!!!! My goal is to work a lot of OT the next few years to pay it off.

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Specializes in Cardiology, Cardiothoracic Surgical.

$300-400/month, have about 10K left for first undergrad. I went to get that ish paid off! I got scholarships for tuition for

nursing school because I applied to every scholarship I was qualified for.

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Specializes in Labor and Delivery.

This is the first year I'll have to take out any loans as I don't qualify for pell grants this year. By the time I graduate with my BSN in summer 2018 I'll have about $25k in loans and I will be dumping as much of my income towards paying that off as quickly as possible once I graduate and get a job. And in the meantime, while I'm in school, any extra money we see from my husbands job will be paid to the loans as well.

I hate the thought of having that debt but it's necessary for me if I want to attend school. And the rule of thumb is not to take out more student loans than you will be making on a yearly salary so I'd say you're ok OP.

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Started paying minimal amounts while still in school, then after graduating and finding employment I make payments of $400.00/mo. to a combination of 3 subsidized/unsubsidized loans. Plan to pay off within the next 2 years.

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Specializes in Pharmaceutical Research, Operating Room.

Combined, my husband and I started paying off debt owing over $90,000 total - my second degree in nursing, his loans from his first degree (a messy divorce/custody battle put off paying for a few years), and a car. Currently, we pay a little over $2000 a month, and have been able to throw some bonuses/Christmas monetary gifts/etc at the debt. We are following the Total Money Makeover from Dave Ramsey, and it's really, really working for us. Hopefully all this will be paid off within 3-3.5 years. It hasn't been a year yet and we've already paid off close to $27,000. :uhoh3:

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I had $26k in loans and paid $500/month to pay it off quickly. I also made larger payments some months when I had extra. It was 4 different loans, so I would always pay a lot more towards the one that had the higher interest rate, then when that one would get below $3k, I would pay off the whole thing in a lump sum. Took 2.5 years.

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