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Student Loan Debt Clock Reaches $1 Trillion!!!

Established Contributor

Student Loan Debt Clock Reaches $1 Trillion!!!

Message 1 of 9
8 REPLIES
Valued Member

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
Message 2 of 9
Senior Contributor

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
Message 3 of 9
Moderator Emeritus

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

+1

Message 4 of 9
Established Contributor

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! Smiley Embarassed

Message 5 of 9
Regular Contributor

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...


Take the FICO Fitness Challenge






Message 6 of 9
New Contributor

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.
Message 7 of 9
Valued Member

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! Smiley Embarassed


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
Message 8 of 9
Highlighted
Regular Contributor

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! Smiley Embarassed


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...


Take the FICO Fitness Challenge






Message 9 of 9