What’s everyone’s loan here? Feeling crazy overwhelmed at 200k

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I’m down to approximately $60k. I graduated from an M7 b-school with about $240k in loans.
I will be student debt free in about 12-13 months. I’ll be 39 years old. I cannot believe there is finally a light at the end of the tunnel.

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38K. 32K federal, 6K private. Slated to be done paying private in Dec 2025. Federal Dec 2027. There’s hope. Combine monthly payments $970

20k for an engineering degree! :)

likesmart

Bargain!

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Recent IconRecent

Went from 42k to 9300.

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I’ll speak from a parents perspective I have three children. In order for the kids to go to school we had to take loans for all. My decision to co-sign these loans to get them favorable interest rates.

School is no guarantee that they will secure employment. I’ll start with that since my middle child a graduate of a top tier university is still looking for a job.

My oldest graduated in 2020 and we have helped pay down his debt. Is down to 5600 dollars from about 100K in private loans. He was lucky got a job and lived at home and paid a significant amount while at home. Please note we paid whatever we could afford from the moment the loans were taken never deferring. He is now starting to pay off his government loans.

My middle son is unable to pay anything at the moment. But like I said we paid and continue to pay what we can. Has about 48K private and 19K in government loans. Not terrible…. He will pay when he gains employment.
My youngest currently in school has about 40K already. But again no deferring on his private loans we will help pay.

The frustration for me as I’m going through this is the challenge of these young graduates being able to work. No guarantee to land a job right away.

Pay what you can upfront.

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109K currently. I have a bachelors and just graduated with masters. I used tuition reimbursement and have been putting money into my 401k and on track for retirement.

Income is $200K yearly and I live with family as of now.

57k with almost 1k interest/month :’)

What year plan are you on?

I've finally got mine under $70k. I was playing Givling in the hope of crowd funded $50k payment. However, I did the math and for me to get funded (#1 spot) I would have to pay over $50k for tokens, etc.

$138K - I just started paying a couple months ago

170k

20k

200k and I haven’t even started. It seems so daunting..

59k

Around $87k Canadian.

Same OP

118K!

Started with $200K and I paid 30% down within the first year with $ I had saved with jobs while going to undergrad school. Looking back, I don’t know that I’d do go to school if I had to borrow that much $ again.

I'm just about right there with you actually. What's your interest rate?

55k

I can't even seem to manage 7k for an associates 😭

Mine is at 78k 😖 started at 55k…

Idk about P1, but my grad loans started incurring interest the moment I took them out, so suspect that was just the interest build before even graduating.

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Me: $170k
Wife: $270k + new parent PLUS loans to pay for our sons college

About 30k total; undergrad and masters

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