Comments on: Student Debt…How Much is Too Much?

By: I’ve talked the talk, but have I walked the walk? | The Happy Rock

I’ve talked the talk, but have I walked the walk? | The Happy Rock — Tue, 13 Jan 2009 14:40:15 +0000

[...] Um…yeah I did. Thanks for paying such close attention. [...]

By: Debt Destroyer

Debt Destroyer — Fri, 19 Dec 2008 06:41:19 +0000

Thanks for all the comments.

@P.North – Thinking twice before going in debt is always good advice.

@tiffanie – I hear ya on the degree equaling a better job.

@ collegeloanconsultant – thanks for the info. That is good to know.

@Debtfree2009 – Good for your family on getting to go to college on scholarships. You all must be brainiacs! I totally agree with your last point. It ties in with my comment to tiffinie. Degrees can help land jobs, but is it wise to go in deep debt to get low paying job?

@Travis – Good luck with paying off your wife’s Student Loan? It sounds like you’re doing pretty good on yours too.

By: Travis

Travis — Mon, 15 Dec 2008 20:08:22 +0000

I racked up around $17,000 in student loan debt. I graduated in December of 2002 and still owe over $12,000. Its just one of those payments I don’t worry too much about because I have so long to pay it off. I’m married and have to put any extra money towards paying off our car and furnishing our 2 year old home. My wife only has about $2,500 and one of our goals for 2009 will be to pay hers off. Now sure when we’ll get to mine.

By: The Carnival of Debt Reduction #170

The Carnival of Debt Reduction #170 — Mon, 15 Dec 2008 13:01:47 +0000

[...] Happy Rock presents Student Debt…How Much is Too Much? posted at The Happy [...]

By: Credit Karma Weekly Roundup - Let it Snow!

Credit Karma Weekly Roundup - Let it Snow! — Sun, 14 Dec 2008 11:04:39 +0000

[...] The Happy Rock asks Student Debt…How Much is Too Much? [...]

By: Weekend Roundup: Holiday Madness Edition - Wealth Is Boring

Weekend Roundup: Holiday Madness Edition - Wealth Is Boring — Fri, 12 Dec 2008 11:07:18 +0000

[...] Student Debt – How Much is Too Much? The Happy Rock asks readers how much in student loans is too much too handle. Personally, I realize that they are a necessary evil for many folks, but I feel that any student loan debt is too much. Thankfully, I’ve already repaid my student loans in full and I’ll pay for my fiancee’s grad school with cash after selling my house next year. [...]

By: Debtfree2009

Debtfree2009 — Wed, 10 Dec 2008 15:08:31 +0000

My husband and I both went to school on complete academic scholarships. My son is a college freshman and his first choice school offered him some scholarship money and his second choice offered him a full scholarship. He took the full scholarship. He is very much aware of loans and has decided to do everything he can to not create student loan debt.

We do have a college fund that he is hoping he won’t need until graduate school.

I really wish there was some mandate that students had to be fully aware of what they are getting into. I also think that the amount of student loan can be greater if the degree is worth more. A $50,000 student loan for teaching degree is a lot different than $50,000 for a chemical engineering degree.

By: collegeloanconsultant

collegeloanconsultant — Wed, 10 Dec 2008 13:34:34 +0000

South Dakota stands out among states for the way it distributes state financial aid to students. Virtually all of it is merit aid. There is no state grant for financial need. Therefore, students who want a college education but cannot meet the merit requirements, may be forced to borrow more than students in other states.

By: tiffanie

tiffanie — Wed, 10 Dec 2008 12:43:35 +0000

by the time i get my associate’s degree in june of ’09, i will be somewhere near $15,000 in student loan debt…just for 2 years of classes. i go to a private business school and it’s kind of pricey and i don’t have any other financial help, so it’s ALL on loans. *sigh* i don’t like it, but i know w/o a degree i’ll be working part time retail forever…

By: P.North

P.North — Wed, 10 Dec 2008 09:45:31 +0000

My experience is that when i did go to college i couldn’t survive without a loan. Like you said in your post you can loan a big amount of money through credit cards and loans. It is easier to loan money than finding a job to pay the money that you are in debt for. And that is the problem i think, it is to easy to loan a big amount of money. I am having a decent job now so i am going to do alright but i made some high debts. Think twice for you loan money.