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Is It Normal to Have This Debt Amt?

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Anonymous
Not applicable

Is It Normal to Have This Debt Amt?

I currently have an outstanding debt in relation to federal student loans about $9,000 but I recently was awarded a loan for my last two semesters before I transfer to a four-Year university. I have now an outstanding debt of $11,000 and it is my last student loan. I'm working on getting merit aid scholarships and from other means that I will not disclose publicly. If you're wondering and I am willing to brag...I have a credit score of 680! I started credit two years ago.

Message 1 of 3
2 REPLIES 2
llecs
Moderator Emeritus

Re: Is It Normal to Have This Debt Amt?

Normal debt amount? It's always in relation to "what". Personally I look at my finances like a balance sheet. If I owe more than I own then I'm in trouble. $11k isn't a lot of money and can easily be paid of within a few months easy w/ effort and hard work. It isn't insurmountable.

Message 2 of 3
takeshi74
Senior Contributor

Re: Is It Normal to Have This Debt Amt?

Some have more. Some have less.  Some don't have any student loans.

Message 3 of 3
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