In 4 years of college about how much did you owe (due to loans)?

Question

I'm trying to debate whether or not to take an additional loan out next year, which would bring my estimated amount owed after 4 years to about $40,000.

Answer 1

I came out of college with about $24 K in loans and I paid it off in five years. You also have plenty of tax breaks by taking a student loan. You are young and it appears to be an insurmountable amount of money, but you will be okay. I say go for it and enjoy college. Its seriously the best time of your life.

Answer 2

This all depends on what year people graduated. College used to be a whole lot cheaper just 15 years ago. A good state school is still a bargain compared to private universities. Some people will tell you they are $200,000 in debt after 4 years. Others only maybe went $20,000 in the hole. It's not an easy question. But whatever you borrow to get a college education, you won't be sorry if you are majoring in a course of curriculum where you can get employment. (Don't borrow it if you are studying psychology and can't afford graduate school, for instance.)

Answer 3

I owed $22,000 in student loans and $9,000 on credit cards.

If you can work part-time without affecting your grades, and not take some of the loan, then go for that.

But if it's necessary to take on more student loans, then do it. A college education is good debt because the return on your investment is excellent.

Answer 4

8000

Answer 5

About 36,000 and my monthly bill is 340 dollars a month.

Answer 6

None, but I'm living at home (I'm in first year) and my university is here, obviously.

Answer 7

hey i m not even in college yet!!!!!!lol

Answer 8

$6000.