Student Loans....how long did/will it take to pay?

Published

Specializes in geriatrics.

Hi :)

I've been out of school for a year almost, and paid close to 10 grand off. I owe 24 000 yet, and I plan to pay this off within less than 3 years. What about others? How long did it take you to pay off your loans?

Up Vote Up Vote ×
Specializes in Case mgmt., rehab, (CRRN), LTC & psych.

I owed approximately $12,700 at the time that my student loans went into repayment status in October 2010. My monthly payment between the two loans is $170, but I am making payments of $300 per month so that my balances will be completely paid off in about five years instead of ten.

Up Vote Up Vote ×
Specializes in geriatrics.

If you owe 12,700 do you think it will still take 5 years? Maybe you will pay it sooner. My monthly payment is 300, but I pay at least 600. The sooner they go away, the better.

Up Vote Up Vote ×

*sigh* I still owe 91,000 :( Been a year since graduation

Up Vote Up Vote ×
Specializes in geriatrics.

OUCH!

Up Vote Up Vote ×
Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
If you owe 12,700 do you think it will still take 5 years? Maybe you will pay it sooner. My monthly payment is 300, but I pay at least 600. The sooner they go away, the better.

I'm a single female with other monetary obligations (mortgage, utilities, food, gas, property taxes, medical bills, maintenance, etc.) that I must meet without the help of a spouse. I would be satisfied if my loans were paid off in five years.

*sigh* I still owe 91,000 Been a year since graduation

How much is your monthly payment?

Up Vote Up Vote ×

My monthly payment is 800

Up Vote Up Vote ×
Specializes in geriatrics.

Sure, I can relate. I am also single, but I don't own yet. I'm debating about buying soon, but then I'm not sure with also having loan payments, too. Then again, my rent is as high as a mortgage.

Up Vote Up Vote ×
Specializes in Hospice.

I have a spouse as a disclaimer. I had 30 thousand in loans and paid it off in 10 months.

Up Vote Up Vote ×
Specializes in ER.

whoohooo, community college, everything after 15 credit hours was free. My total out of pocket was maybe 6k.

But now, ugh, I'm looking at about 90k total when I'm done with PA school. Wonder if I can still sell a kidney???

Up Vote Up Vote ×
Specializes in medical surgical.

OMG....please be careful with these student loans. I was just let go from my nursing job (after almost 3 years). I have no source of income right now (it has only been a week). However, I think I would stroke out if I owed that kind of money. Sure, I can understand 10k or less. However, nursing wages are stagnating. Nurses are being laid off. There is an overabundance of new grads flooding the market....and they can be hired for a lesser wage because all they want is training. PLEASE BE CAREFUL!!!!!

Up Vote Up Vote ×

If I had fewer obligations, I'd pay them off quicker. Right now, I've got a husband in grad school, kids, and a mortgage, so I'll be making the monthly payment. When we go back to two incomes, the'll get paid down faster.

Up Vote Up Vote ×
+ Join the Discussion