topic Re: Student Loan Debt Clock Reaches $1 Trillion!!! in Credit in the News

Student Loan Debt Clock Reaches $1 Trillion!!!

2NE1 — Thu, 17 May 2012 22:45:29 GMT

Saw this on my gmail account, thought I'd share it:

http://college.monster.com/news/articles/2168-student-loan-debt-clock-reaches-1-trillion?utm_source=nlet&utm_content=_c1_20120515_

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

bornhuge — Fri, 18 May 2012 12:13:56 GMT

$66,118.02 of that is mine!

Down from $103,538.22, though.

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

MattH — Sun, 20 May 2012 21:31:52 GMT

Methinks this may be the next credit bubble to burst.

2NE1 wrote:

Saw this on my gmail account, thought I'd share it:

http://college.monster.com/news/articles/2168-student-loan-debt-clock-reaches-1-trillion?utm_source=nlet&utm_content=_c1_20120515_

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

llecs — Sun, 20 May 2012 21:35:04 GMT

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

2NE1 — Mon, 21 May 2012 21:11:09 GMT

bornhuge wrote:
$66,118.02 of that is mine!

Down from $103,538.22, though.

wow... and I'm here suffering with a $21,742.31 student loan debt! :smileyembarrassed:

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

lolabelle — Tue, 22 May 2012 20:34:15 GMT

2NE1 wrote:

Saw this on my gmail account, thought I'd share it:

http://college.monster.com/news/articles/2168-student-loan-debt-clock-reaches-1-trillion?utm_source=nlet&utm_content=_c1_20120515_

I've got a super hefty chunk of that myself. I don't like to write the number out loud because it gives me fits of anxiety, but let's just say it's more than a lot of people's mortgages.

I'm really hoping to get my 11-year-old kid out of college with no debt. Talk about your graduation gifts...

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

livingfree — Tue, 22 May 2012 23:38:23 GMT

WOW! I also have a very hefty portion of that. Every month I am paying more than most people. UGH

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

bornhuge — Wed, 23 May 2012 11:55:01 GMT

2NE1 wrote:
bornhuge wrote:
$66,118.02 of that is mine!

Down from $103,538.22, though.
wow... and I'm here suffering with a $21,742.31 student loan debt! :smileyembarrassed:

That's combined law school for me and nursing school for my wife. Luckily, we both got jobs with incomes to support the repayment, but it has taken some doing. We've really focused on debt over the last year and a half and in that time, we've paid off two cars, a private student loan, and a massive credit card account. We can now make the equivalent of 20 payments per month on her loan, which will be paid in three months. The remainder will be paid over the course of the next year, so I actually feel pretty fortunate.

Re: Student Loan Debt Clock Reaches $1 Trillion!!!

lolabelle — Wed, 23 May 2012 15:12:29 GMT

bornhuge wrote:
2NE1 wrote:
bornhuge wrote:
$66,118.02 of that is mine!

Down from $103,538.22, though.
wow... and I'm here suffering with a $21,742.31 student loan debt! :smileyembarrassed:
That's combined law school for me and nursing school for my wife. Luckily, we both got jobs with incomes to support the repayment, but it has taken some doing. We've really focused on debt over the last year and a half and in that time, we've paid off two cars, a private student loan, and a massive credit card account. We can now make the equivalent of 20 payments per month on her loan, which will be paid in three months. The remainder will be paid over the course of the next year, so I actually feel pretty fortunate.

I'm so envious. At this point, I may very well be paying my law school loans well into my son's college years. I'm aggressively job hunting at the moment in hopes of changing that scenario...