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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.
I think I have about 35k or maybe a little bit more than that to pay, with a two different loans. I have yet to decide how much I will be paying back yet. On the other hand, my husband paid for his BSN out of his own pocket so he has no debt... Until we both go to grad school.
the funny thing is that my lpn was more expensive than obtaining my rn and bsn combined. I thik my lpn loan was around 23k
$100k in loans; I'm in the Pay As You Earn program which is an absolute lifesaver! Payments are capped at 10% of your income (AGI). You have to send the loan servicer your tax forms every year and they use those to re-calculate your payments. If you don't qualify for PAYE, there's Income-Based Repayment which is similar but payments are capped slightly higher at 15% of your adjusted gross income. Worth looking into to see if you qualify for either of those programs if you're drowning in student loan debt.
I had owed 50k$ when I finished, and was aggressively paying it off at 850$/month.(700 to bank loans, 150 to Feaderal student loans)
Proved too much after I got a car/moved in the last year, so cut down to 500/month total.
Had it down to 15$k.
Nice little program for Canadians working in "rural" Canada(under 40,000 population)- can get 4000$ federal debt relief each year.
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Bellatrix.
15 Posts
55k, paying $462 per month
....but its ok because im making "big money" according to my family:rolleyes: