escpecially if you are going into education and so on... I am in grad school and have figured it out that when its all said and done with undergrad and grad loans i will have to pay 60,000 back. how the heck do people do it???? I'm having a bit of a panic attack here!
2007-05-10 18:23:38 · 5 answers · asked by Nikki 1 in Education & Reference ➔ Financial Aid
it depends on your major.
for example, if it's computer science, you would get a job of 60k.
That means you have to put about 1k aside every month for 5 years.
that is, if you consider 10 years, it's $500 every month, on a monthly income of 5k.
as u grow, u will invest in shares, mutual funds,etc.
plus you will also earn some money in college( RA,TA on campus jobs)
so if your major pays well, nothing to worry much about.
good you asked this question! Hope it helps me too.
2007-05-10 18:46:27 · answer #1 · answered by Anonymous · 0⤊ 1⤋
A number of people do a student loan consolidation 5 months after student graduation. It can lengthen out student loan payments making them longer. In addition, Upromise added an option that the savings accumulated by its program can be utilized to pay student loans, and a payment towards the student loans can be done once every quarter (4 payments a year).
2007-05-11 00:52:38 · answer #2 · answered by dawncs 7 · 0⤊ 0⤋
since you are going into education, you may be able to enter a loan forgiveness program if you teach in underserved areas. otherwise, you will pay to the best of your ability, because if not, they will get it from you one way or the other. this is not a rare situation that you are in here. I came out owing 80,000, went into medicine (MD) and I am STILL paying them 10 years later, though I am almost done.
2007-05-11 03:58:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You have good reason to be having a panic attack you are going to be paying out the a** for years!
2007-05-10 18:49:58 · answer #4 · answered by Deana 4 · 0⤊ 0⤋
It sounds like they try to place the guilt trip on you. they'd desire to be helping themselves and not according to their babies to do it. i ought to work out in the event that they have been disabled and could not get out to artwork, yet being the guy of the domicile your Dad desires to take something he can to maintain a roof over their head. it is what I don''t get...he want take a menial interest, yet yet he has not something coming in. you're taking over way too lots accountability. once you do not deliver them from now on money they gets the hint. merely say no and don't experience responsible approximately it. they are grown united statesthey would get government help if it is composed of that. good good fortune.
2016-10-15 08:39:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋