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Established Contributor
2NE1
Posts: 979
Registered: ‎12-06-2011

Student Loan Debt Clock Reaches $1 Trillion!!!

 

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=..._


Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620
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Valued Member
bornhuge
Posts: 27
Registered: ‎12-20-2011

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

$66,118.02 of that is mine!

 

Down from $103,538.22, though.

Starting Scores: TU-666 on 10/29/11. EQ-701 on 12/29/11
Current Scores: TU-753 on 7/27/13. EQ-761 on 11/1/13
Senior Contributor
MattH
Posts: 3,245
Registered: ‎04-03-2008

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

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=..._


TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

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

+1

Established Contributor
2NE1
Posts: 979
Registered: ‎12-06-2011

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


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:


Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620
Take the FICO Fitness Challenge! | Diamond Spade Garden Club Member: App free since 7/2012
Regular Contributor
lolabelle
Posts: 146
Registered: ‎11-03-2009

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


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=..._


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...


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


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New Contributor
livingfree
Posts: 54
Registered: ‎04-23-2012

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

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

5/13/13 EQ 636 (Myfico), TU 660 lender pull , EX 640 lender pull
Barclay Rewards MC $2300, Cap One $750, Walmart $800, Macys $2000, Lane Bryant $600.
Valued Member
bornhuge
Posts: 27
Registered: ‎12-20-2011

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


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.

Starting Scores: TU-666 on 10/29/11. EQ-701 on 12/29/11
Current Scores: TU-753 on 7/27/13. EQ-761 on 11/1/13
Regular Contributor
lolabelle
Posts: 146
Registered: ‎11-03-2009

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


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...


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


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