How much debt will you be in?

[calioutlaw1a]

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Have you looked at the current budget for UC Davis? If prices stay the same we will be paying $108,459 just for tuition! Maybe you are a lucky one who already has money saved to go towards school.

You can see to budget here: http://budget.ucdavis.edu/studentfees/preliminary-fees

I think I will be at least $150,000 in debt🙁 Which I find quiet terrifying

I definitely do not have money saved to go towards school, but I also have very few expenses outside of school. If I get about 1/4 of my tuition paid in grants/scholarships, that leaves about $80,000 in loans (hopefully some subsidized). If I work my ass off during summer and other breaks, I can make $5,000 each year. So that's $80,000 - $20,000 = $60,000.
Adding in other expenses, I think I can pull off $80,000 upon graduation. But, prices will continue to rise over the next several years. I will be happy if I graduate with less than $100,000 in debt.

 

[Poochlover11]

How much a month are people going to try and put towards paying off student loans after school? How much is really reasonable?

 

[Poochlover11]

Just save you will need it, oh and dont bother having a family

Haha! Don't you have anything better to do with your time?

 

[Poochlover11]

I am glad the troll is finally gone. I am still curious though as to what people think is reasonable to pay per month on their student loans after school, if anyone is willing to share. Thanks! 🙂

 

[DVMDream]

I am glad the troll is finally gone. I am still curious though as to what people think is reasonable to pay per month on their student loans after school, if anyone is willing to share. Thanks! 🙂

Me too. I am not sure what a reasonable price would be for paying off loans. I do know that the first thing I am going to do is group all of the loans that I have into one loan. This way I am not having to keep track of all of the different loans I have from different places.

 

[eatpinkpenguins]

Personally, I plan on working *hard* to get those loans paid off ASAP .

me too! trailer park, here I come!

 

[Shanomong]

My husband has about $170,000 in student loans, and his minimum monthly payment (deferred for economic hardship right now, but we'll have to start paying it back while he's still doing his residency and I'm in school 🙁) is somewhere around $1,200/month. I'm trying to start acquiring a taste for Ramen now...

Those are all Stafford/Perkins btw, no private loans...

 

[eatpinkpenguins]

My husband has about $170,000 in student loans, and his minimum monthly payment (deferred for economic hardship right now, but we'll have to start paying it back while he's still doing his residency and I'm in school 🙁) is somewhere around $1,200/month. I'm trying to start acquiring a taste for Ramen now...

Those are all Stafford/Perkins btw, no private loans...

But who needs a house, when they can live under a Penn Diploma??

 

[meadow36]

You can expect to pay anywhere between $1000-$1600, depending on how much you took out and what kind of loans you have.

You can also consolidate after school, which should reduce your interest rate and hopefully lower your payment. If you can - pay that interest bill when it comes up while in school. It should be a few hundred per semester, but if you scrimp and save (or borrow from family) and get that paid off it will make your life a whole lot easier.

 

[Shanomong]

But who needs a house, when they can live under a Penn Diploma??

Maybe we'll just move further and further west each year to save $$... eventually we might even move west of your new place 😛

 

[bunnity]

But who needs a house, when they can live under a Penn Diploma??

It had better be huge and waterproof. Maybe that's what our $2000 general fee goes to?

 

[DocDVMD]

It kind of makes me feel a little better seeing that so many others will also be over $200K in debt... As for me, I had no choice but OOS tuition and when I recently accepted my loan package I almost had a freakout and started having slight doubts about whether this is all worth it. Well, it is worth it, and the fact that there are tons of people going through this with me as well as vets alive and kickin' right now who already got through it gives me hope.

 

[Caninerepro]

It kind of makes me feel a little better seeing that so many others will also be over $200K in debt... As for me, I had no choice but OOS tuition and when I recently accepted my loan package I almost had a freakout and started having slight doubts about whether this is all worth it. Well, it is worth it, and the fact that there are tons of people going through this with me as well as vets alive and kickin' right now who already got through it gives me hope.

I am right there with you sister, step by costly step. See you in a few weeks.

 

[sassyfras]

I'll have about 32K from my undergrad by the time I graduate. Purdue lists 15K a year tuition, so factoring an extra 5K per year for books and expenses, that's 20K a year. So for four years: 80K. Luckily, we live near enough that I could commute to West Lafayette and my husband pulls in enough to cover household expenses so I won't have to take out loans for anything but tuition and books (thank God!). So I guess I'd be looking at 112K. That's a really scary number