Who /studentloandebt/ here?
>tfw $26k debt
>only make $56k/year, and that's BEFORE taxes
>cheapest rent in my area is $1200 a month if you want to avoid getting hit by stray bullets
How you all holding up?
>>24651022
Yup I'm in a pretty similar situation debt-wise. However I make less money but live with my parents for only $300/month. Having an apartment would be nice in a lot of ways but this saves so much money that it's really hard to resist.
As long as you keep making payments and don't do stupid shit like paying only the minimum amount or missing payments then you'll be ok. I don't let my college debt stress me out because I know I'm paying it off.
I do know people my age (recent graduates) that are putting off their loans though. They're fucking their lives up longterm in order to have more disposable income now.
>>24651022
not getting hit by stray bullets is for normies
>>24651022
>using loans to get a degree that wouldn't pay well enough to make it worth it
You did this to yourself, OP.
>tfw $15k in debt
>probably won't even finish my degree
No one to blame but myself though. I made some truly retarded decisions and I'll spend the rest of my life paying for them most likely.
No debt, shit decent job, still living with mommy in my late 20's. How bad am I?
>>24651022
>make 110k/year
>about 200k in debt
even after rent , internet/phone payments, and the debt payment I still have lots of money left over each month to spend on myself
feels good I guess
>going into debt
>ever
I'll never understand this meme. After highschool I worked for a year and made enough money to pay for college up front. Anyone with more than 2 braincells should have done the same thing
>>24653441
What is your job? I need to know
>three years at a public school in state
>small scholarship
>got a Bachelor's
>three years at a private law school
>two were on a full-tuition scholarship
>one year with no scholarship at all
>$86,000 in debt and jobless since graduating in May
At least I passed the bar in July!
>>24653449
that's a year of wasted time, that's a year you could have spent in your job getting a higher salary
I'm not in any. My gf is broke though because her family is poor and she took out a bunch of student loans. Feels good big a semi-rich kid.
>>24653468
optometrist
didn't have much debt from undergrad, most of the debt came from optometry school because murica
>>24653475
Sure thing goyim, enjoy your debt payments
>>24653449
What job can you do after high school that pays enough to pay for a bachelor's in 1 year?
Just hold on a little longer. Obama with sign an executive order to dissolve our student loans next year.
>>24653533
he's literally retarded, assuming you normally enter university at 18 and graduate at 22, OP entered at 19 and will graduate at 23
that's a year of a presumed higher paying job gone down the drain - you'll be paying for university one way or another anyway down the road
>>24653513
Do you like your job? Is it interesting and challenging?
>>24653533
Literally any primary industry. Coal miners make like $50k on average and they take young men
>>24653563
C u c k. I'm 25 with over a hundred grand and no debt. Keep sucking that jew cock
>50k in student debt
im so fucked
>>24653558
lol this would be tops. I dont even care about the economy, as soon as my loans are absolved im legging it to another country
>tfw parents paid for my environment health BA
>they also paid for my rent
>im going to grad school next year and they will pay for that too
>i also get 600 a month for food, most goes into booze and parties
>tfw 16k in bank and never worked at 21
And yet im totally miserable about my finances
my friends parents gave their kids so much more, the moment my parents stop funding me im cutting all contact
>>24653608
Yes I really like it. I had always wanted to be a doctor but was completely disillusioned as to what being a doctor's life, it wasn't until I shadowed one where I said nope not for me. I still wanted to do something in the medical field since I didn't want to spend 4 years doing an engineering or 2 years on a masters in science (which I've come to really hate). Found out about optometry and never looked back. It's a relaxed atmosphere, don't have to deal with the stress other medical professionals have to deal with.
A lot of it is literally the same thing every day, which makes it easy but dull - though interesting cases do appear every other day or so which make things not as bland.
College sounds like a masonic scam to me
>24,000 pound ($36,000) student debt
>Failed uni, no degree
>No skills
>No experience beyond retail/fast food shit
>NEET
Will probably kill myself soon so IDGAF
>>24653533
>not selling cocaine to SWPLs in yuppie cities
>>24652835
>parents charging you rent
Must suck having parents who don't love you.
>>24653780
I have an irrational fear of getting my asshole ravaged by 8 inch std dick in prison
>0 debt
>no job
>no friends
>very rarely go outside
>living the neet life
>father doesn't particularly mind my lifestyle
Should take the anime pill senpaitachi it's better than a life of slavery
>>24653801
it's probably just to make them feel like he isn't a leech. Good parents hate coddling.
>>24653802
Then don't get caught, man.
Honestly, the biggest reasons pushers get hemmed up is because:
1) They start using their own shit, and fall into the same stupid life choices their clients partake in
2) They live big, flashy lifestyles that attract an assload of attention
3) They don't keep their books right and piss off some of the wrong folks
If you can dodge those three things, it's in the bag.
>>24651022
why do you people bitch about $26k in debt? that is NOTHING and on top of that you make pretty fucking good money for a recent graduate. i owe $70k and i make $35k/yr. i'll probably be taking out another $100k for a 2 year masters degree.
>>24651022
>cheapest rent in my area is $1200 a month
than fucking move baka
> if you want to avoid getting hit by stray bullets
than learn to live in the hood baka
>fell for the learn a trade meme
>can't find work without doing a fucktarded long apprenticeship even though I already know how to fucking do everything from taking classes
i'm about to just become a hobo
>>24651022
how the fuck do you even get student debt? Thank god I never to college better as a Neet
>>24651022
You fell for the Jew banker trap
Only debt you can not discharge via bankruptcy
Should have got a degree in a field that offers the best chances for advancement
Should have worked to pay off tuition, while going to school
Should have taken the minor classes at a community college for next to nothing then transferred for the last two years
Did you buy a car, have parties, go on vacations or spring breaks
Did you piss you money away on bullshit
Did you get a worthless degree
No one to blame but yourself
Could have lived like a bum in school and graduated with zero debt
Off to a great start
Good Luck Living in Poverty
>>24653988
so at the age of 18 i am expected to make the biggest financial decision of my future?
>>24654022
Yes, 18 means you are an adult.
Should have listened to /pol/ about the jews, anon.
>>24654044
What's with 4chan and this obsession with jews?
Mommy helps me.
>>24653958
An apprenticeship is as long as any standard college course.
If you have certain amount of hours in the workplace already or have taken classes, you are exempt from certain areas of the apprenticeship
so no, sounds like you just suck tbqhwyf
>>24653988
>>24654022
>>24654044
i see you baby, gettin dem dubs
>>24653848
exactly
>>24653801
they don't want to make me even more fucked up
>Going to college at all when connections alone can get you high paying jobs doing jack shit.
Literally get paid a grand a week to throw boxes into a truck, non fragile, small boxes.
Make fun of my wage all you want, I make more than people that work twice as hard and I have my feet kicked up all day.
>>24654056
Ohohoh!
Welcome, newfriend!
>>24654056
Let's just say, Hitler did nothing wrong.
>>24651022
seriously, you are literally retarded. i just ran some quick numbers and you could easily have it paid off within 5 years.
$56k/yr gross
single filing, 3.07% state tax, 2% city tax
$1500/mo rent and utils
$115/mo health, dental, vision insurance
$235/mo car loan
$165/mo car insurance + car maintenance + gasoline
$300/mo food
$100/mo tv and internet
$65/mo cellphone
this totals to about $2500/mo in expenses
after all taxes and assuming you put 15% of your gross wages into your 401(k) you will net about $3100/mo.
overall picture is: you're making $56k/yr, putting $8400/yr into your 401(k) plus whatever your company matches.
this leaves you with $600/mo in spending money. $26k @ 5% interest is $490/mo for 10 years.
if you want more than $100/mo in cash savings then find cheaper rent, find a slightly better job, or reduce your 401(k) contributions.
seriously, you are literally RETARDED if you are bitching about not being able to pay off $26k in loans on a fucking $56k/yr """"BEFORE TAXES!!!!11111"""" salary.
>>24651022
>38k debt
>Make 40k a year before tax
>Rent is $500-600 for a 1 bedroom unit
>Travel 1 hour per direction to work
>Study full student work hours
>This is the typical price for a 1 bedroom unit
Guess country and city
Hint
>cunt
granted my job is an entry level job in my field with a promotion expected every 6 months
Lol at all you robots making fun of OP.
He is making over twice his student loan debt per year. That is totally manageable.
Typically if you are making as much as you are debt in your first year you will be okay.
Now if you are an idiot and get 150K debt from a private school for an english degree thats a different story.
>>24654101
>What is Federal Income Tax?
>>24651022
>america: the post
asa
>>24654106
Sorry. $500-600 per week. Mine is currently about $2400 a month
>>24654101
>$115/mo health, dental, vision insurance
>$100/mo tv and internet
>$65/mo cellphone
Screw insurance, you're healthy enough, drop TV, there's Netflic, and there are $45 unlimited plans.
Saved you some already.
>>24654056
What do you ever mean, newfriend?
>>24654136
those calculations did include federal income tax, dumbass.
>>24651022
>only make 56k a year
>>24653533
Anything at all hazardous or uncomfortable, if we're talking about a state school. Hell, you could make enough in a year on the oil fields to pay for most of a private education if you get one of the better jobs.
>>24653563
So he chose to pay for it that way. So what? There's something to be said for having a little extra maturity under your belt when you enter college.
>>24654136
>What is yet another neet in this thread commenting about college debt/finances from the high perch of his mom's filthy attic.
>>24654101
yeah I didn't really get it either.
I have 55k in debt, make 55k before taxes, around 44k after, and even I think 5 years is doable.
my job pays for my health stuff and I won't be driving. I also don't plan on having a tv. not sure how that would affect internet though.
>>24651022
>56k a year
Fuck off fuck off fuck off fuck off
>1200 a month
Not unless you live in sf even in expensive cities you can get roommates and live in areas with a commute and pay way less
>>24651022
>mfw no student debt
>mfw free undergrad + master
>mfw $800 a month in student grants
>mfw ill move away from this country after and find a place with low taxes
thank you based Denmark
>>24654199
>I also don't plan on having a tv. not sure how that would affect internet though.
comcast et al love to push their judaic bundles. sometimes it's actually cheaper to get a tv/internet bundle than just internet.
>>24654154
thanks obama senpai!
>>24654181
That's a good salary for a single person. Easily enough to live a comfortable life.
>>24651022
>cheapest rent in my area is $1200 a month if you want to avoid getting hit by stray bullets
why dont you just rent a parking spot, park a shit tier car there, and live in it? also buy a 24 hr fitness membership and use the showers there. it sucks but you would save a lot of money
im in uni atm and this is my back up plan
>>24651022
>>tfw $26k debt>only make $56k/year, and that's BEFORE taxes
So why don't you live at home for a bit and pay off the debt within 6 months?
>>24651022
Top tip: Don't spend money you don't have.
>>24654253
Thats the point of my post, genius. i make less than 15k a year 56k is rich desu
>>24654237
Yeah I hear they do packages now or something. idk. I think I'll just get a phone and use it as a hotspot or something. I really don't need high speed internet or anything since I don't plan on being home a lot once I move toNYC.
I'll probably buy a tv just to play video games on.
My only other large, non-survival expense will be Muay Thai and that's it. And the occasional weekend trip every few months or so.
>>24654327
Yeah that's clear now. I don't know what the fuck I was thinking when I replied.
>>24653533
pump and dump rare pepe stocks from tor
>TFW my dad works for my college so I pay fuck all.
He's still pissy I changed programs after 3 years though.
>>24654269
I did this.
Got a gym membership at my uni and bought a yearly parking ticket.
School found out and refused to allow me to do it any more because they were worried I would hurt myself and they would be liable.
I lasted 3 months then I tried to find a new location but was unsuccessful.
had to sell the car and start renting near my school.
>>24654395
I know this feel. Changed from construction management to chemistry after 2 years with my father giving me TOTAL shit for it and even kicking me out of the house.
That feel when I changed back to construction management after 2 years of chemistry and he was right all along.
>>24654439
wow what a bunch of faggots
>have $72.47 in credit card debt
>bachelor's degree hanging on my wall, from a highly-ranked private university
>going to graduate school now, have no loans from that either, paid off the first two semesters already
it's like you guys didn't have any financial foresight. I got a free ride from the school and then the additional funds the government gave me to go to school I used to live off, and then saved some so I could afford grad school. and the government still pays for grad school, too.
>>24654022
that's pretty much exactly why they do it at that age, because you don't know any better.
>>24654549
>having a plan
>having hopes and dreams
>having goals and ambition
You're in the wrong place, m8.
>>24654549
>graduate school
What are you studying in grad school?
>>24654661
I don't have any hopes and dreams, goals or ambitions. my degree is in history. I just saw how much tuition would cost, said "fuck that," and shopped around for the best deal
>>24654665
library science
>>24653726
sounds very cool
My optometrist is a chill and successful guy too so I imagine it's a nice job.
I have a ton of it I'm probably gonna fail out.
I honestly don't know what I'm gonna do.
>>24651022
>~$55,000 debt
I didn't care because I figured I would've gotten a decent job after college. I didn't even expect to land $30,000/yr starting either. I am having a hell of a time getting even $10/hr though, which is making things extremely difficult for me financially. Good luck getting any loan payments out of me if I can barely afford a roof over my head.
>$260k in debt
Come at me bro
>>24654486
Why'd he have to be such a cunt about it though?
>>24655109
I'm sure I'll be there soon. Did you at least major in something decent?
>work through college
>escape with just about 5k debt
>no problems, I'll make that back easy
>go to the dentist for a bit of tooth pain
>four of my teeth have rotted
>10k to replace them since I don't have insurance
>that feel when replacing 4 teeth is as expensive as 4 years of college
just shoot me
>>246551534th year med school hoping to go into anesthesiaI still don't want to pay the jews back though
>>24655180
The costs for medical and dental shit is outrageous. It can ruin you financially.
>>24655180
Get insurance breh
>>24655223
You'll be fine; don't sweat it. I've got nothing to show for my debt.
>>24653513
>doing pre-med
>going to be at least 15k in debt before undergrad is over
>will probably drown in it if I don't get into post-grad
>undergrad debt will become trivial next to ocean of new debt if I do
I want off this ride.
I went to a 4 year university without my parents paying for anything and i payed off my debt in one year. what did you guys do dorm all 4 years and not work?
I'm getting paid to go to school what are you niggers doing
>tfw $1.2k debt
>already paid off
>now a NEET with no debt.
>>24655180
Brush your fucking teeth goddamn.
>>24655327
Yeah couldn't get any scholarships either. Someone like me shouldn' thave been allowed to go to school.
>>24654694
>>24654694
My friend's wife got a masters in that and scrounged around for a while until she could get a 30k/year job somewhere. It's in the neighborhood which is good, but I don't see the point honestly. He's the one who's gonna be helping pay for it. Man I'm really gonna try my best to find a girl who isn't stupid with money. Fucking marrying someone with just as much debt as me or more, and even worse, a shitty plan to pay it off.
>>24654694
>library science
http://www.nbcnews.com/feature/in-plain-sight/middle-class-betrayal-why-working-hard-no-longer-enough-america-n291741
Guess what degree this chick got her masters in?
>>24654204
>Not unless you live in sf even in expensive cities you can get roommates and live in areas with a commute and pay way less
If you've never had roommates then you won't understand how awful it is to live with them. That shit could make someone suicide.
>>24655414
>>24655407
I'm already doing work as a research assistant, the MLS is just a stepping stone degree for me
>>24655414
These articles always profile people with honeslty lame degrees lol. I remember reading something similar where some black guy was like "There are no jobs out here at all!" -Said Highschool dropout Tyrone Watkins. Like come on, seriously?
>>24655137
He was a construction manager and some big shot who did shit loads in the middle east.
That and he is a literal real assburgers autism.
Last time we spoke was when he told me through text that I am no longer part of his bloodline and he does not consider me his family.
>This was due to me planning to turn up to his Christmas dinner when apparently he expected me there at 12pm.
That and I didn't wish him happy birthday.
>>24655513
The reality is not everyone is cut out for university study. Tyrone Watkins would likely end up just bringing his university's graduation rate down and accruing debt.
>>24655332
living in freedom land
>5 figure debt
Fucking casual. Real men get six figure debt.
>>24655548
Yeah. I didn't do all that well in high school. I don't know why anyone thought it was a good Idea for me to enter debt for an education.
>>24653441
>>24653513
is this Jason?
When I graduate with my master's in counseling degree I'll have about 200k debt.
Guess I'll pay it back by fixing robots and turning them into normies.
30k in debt and only make 30k a year. I live with the rents tho. My earning potential should go up this semester when I finish my degree, but I still wish I had never gone in the first place. I fucked up.
>Graduated college 15K in debt with an engineering degree
>Paid 3K of it immediately
>Paid another 3K next year after I got a job
>Got a job in the oil industry and waited until January to pay the debt off so I can get the tax credit in 2015
>Hated my life
>Laid off after telling my manager what I thought of the job and what I thought ofSchlumberger
>Back to square one with a new job that pays half what I made in the oilfield, but way happier and with 0 debt
>>24653558
Woah woah woah back the fuck up. Source?
I mean, I know it'd wreck the economy and stuff but that'd be some top fucking shit. Still think Obama is a supreme fuckup though.
>tfw 26k debt
>going to fail this semester and drop out
>no degree after 3 and a half shitty years
Only myself to blame.
>>24655932
I'm in the same spot with about four times that. 26k is manageable.
>>24654086
Where? Please I'm so sick of my job
>>24655539
Fuck em, if you have children one day do the opposite of what he did
>>24655898
Look at his campaign contributors. This will never happen.
>>24653346
To be fair, 56k right out of college is pretty good. What I don't get is how you can't afford shit for that much.
>56k/12 months = 4667
>4667 - 1200 (rent) = 3467
>3467 - 150 (util) = 3317
>3317 - 1000 (student loan) = 2317
>2317/4weeks = 580
How can you not live of 580 a week? All you have left to pay for is food and the rest you should be saving up. Personal finance isn't that hard
>>24656130
Taxes
>slack off in high school like a fucking moron
>no scholarships
>take out student loans for two years
>slack off, lose financial aid, and get put on probation because I still hadn't evolved into a person with a functioning brain yet
>put college on hold for a while until I can pay out of pocket without wrecking myself and become aid eligible again
>"Huh, I wonder why nobody is sending me anything about loan repayment. Ball is in their court, I guess,"
>time passes
>letter arrives
>"Hello, your loan is now in default and your credit is destroyed. We are about to send our lawyers up your ass if you do not start rehab right now,"
I'm out of default now and my credit is still wrecked, but crawling back up at a crippled snail's pace, and I've still got a mountain of debt. Good news is I was able to take one class last semester and get out of probation and become aid eligible again, but I severely doubt I'll be taking out any kind of loan ever again, unless it's the Pell Grant, which ain't even a loan. Should have joined the military or hit a trade school straight out of high school instead of falling for the college is where you're supposed to go meme.
tl;dr: Student loans destroyed me. Say no to them.
>engineering degree
>didn't get a job somehow
>$100k debt
>going back to school for accounting getting more debt
Someone shoot me
>8k in debt from one year uni
>$300 3 years cc
>no degree
>live at home
>work graveyard in a plastic irrigation lid factory
>24
>all my friends have families or do meth
>grandpa will pay for tech school if i complete it
>if i drop out its a loan
>cant stop smoking weed
>know ill just end up owing grandpa $9000
>>24655985
The payment calculator says I'll probably pay about $160 a month
What you pay?
>>24656167
Taxes (with no deductions, most people have at least some) would be 7320 a year, so his weekly allowance would be more like 440. So yeah, that takes out a decent chunk. But 440 is still plenty to pay for food and whatever other shit you need. Remember, the 440 is after your rent, loans, and utilities (water, electricity, internet) have been paid. the only thing you need left is food. Plus I put the loan payment at 1k a month, so you would be out of debt in less than a year.
>>24651022
I'm currently designing a game on my own but want to get some connections while at college and hopefully make a career out of this (talking strictly indie). Meanwhile I'll be going for a SoftEng degree to fall back on if that doesn't work out for me.
However, I'll be spending ~80k for the two years I'll be spending there (I already have my associate's from a community college). Do you think it's worth it? Do you think I should just press on, working shitty jobs and trying to start this company on my own (right now I'm still in the self-teaching phase, trying to improve my programming and artistic abilities day by day)?
I know this is a risky industry, but I feel like if I have an 80k loan to pay off while trying to make games and support myself, I have even less of a chance of getting my foot in the door.
Alternatively, if I skip college and continue working on my own, and remain unsuccessful, I feel like I might be too old at that point to go for my Bachelor's. Not to mention, right now I have the advantage of living with my parents, but that's most definitely going to change pretty soon.
>>24656449
I honestly haven't even looked into it. There's really no hope for me.
>>24656498
>games design
Don't do it senpai
>>24657034
I like doing it; if I can make a living off it, I'm going to keep doing it.
I don't have debt thanks to a well-off dad.
I work full time and make $60k a year before taxes. After taxes and retirement it's like $30,000 a year.
I am saving almost every penny-- about $400 a month is used to buy necessities.
In a few years I want to buy a home or a farm.
>>24653725
I hope you have a shitty kid like you some day
I only have 8k left to pay off!
It's hard to get a job.
