Scared Of Loans?
@anotherxidentity (1434)
United States
December 30, 2009 6:16pm CST
I know for those students that are in college many of us are taking out a ton of student loans I was just wondering how much people have in loans currently and if you're scared about trying to pay them off once you get out of college.
I know here in the US with most school loans you normally get about 6 months after you graduate of a grace period before you start having to pay them back in order for you to be able to get back on your feet.
And with the economy these days it might be hard to find a job in order to pay them back.
So how much do you owe?
How many years do you have left of school?
Have you started to pay them back yet - or at least the interest?
And what is scaring you the most about graduating.
2 responses
@megamatt (14292)
• United States
1 Jan 10
I have no money in loans outstanding right at this moment, after completing my Bachelor's degree. I would highly recommend trying to pay them all off as soon as possible. The moment I had graduated, I managed to pay off the loans. I didn't even wait the six months, because interest builds during that time. It made a sizable dent in my bank account, but at least an excessive amount of interest was not racked up. I think I'm one of the lucky one's. Others might not be so lucky, of course.
Still go for grants or scholarships when you can manage to get them.
@ricky176 (12)
• India
31 Dec 09
When i am going to join B-TECH programe my father planned to take a student loan but unfortunately it was cancelled and that time my father lend money from 1of his friends and the next year my student loan was sanctioned and now i have to pay only 2lacs to pay so there is a severe headache for me n my parents.....
