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Eh, given that education here is free... jh Send a noteboard - 29/04/2012 03:23:28 PM
Just wondering, my last 2 hires are great young professionals and both are saddled with over $100K in debt.....and one just got her BS (the other has a BS and MBA). This is crazy. So, a few questions for the RAFO crew:

1. How much debt did you accumulate while in college (or are tracking to accumulate for you current students)?


the total accumulated debt stopped at $45000. It is now slightly lower than that, I have been paying it off slowly over the last 5 years or so.

2. What are your loan terms? How long and how much per month?


Meh. It is a government loan, and actually split into different conditions. I have one loan where I pay 4% of my income until it is gone, and another which is set to be paid off in 20 years. I can pay it off faster if I'd like, but the conditions are such that if I want to take a loan for some decent living arrangements, it'd cost me more if I did not save up some cash to start with...

3. What was your major/area of study?


I have a MSc in Physics, most of which were concentrated on solid state physics and electron transport in nanostructured materials. And later on, I did a master of education - much of which were completely useless.

4. If you had a chance to do everything again (school, major, debt amount), would you? What would you have changed, if anything?


I'd probably do engineering with a physics focus. It's really not much of a difference, we took much of the same classes, but the engineering people had a title which counted for more when applying for jobs ;) And I'd probably not do anything to do with education - pay is lousy, and working conditions suck big time. :P
"People think it must be fun to be a super genius, but they don't realize how hard it is to put up with all the idiots in the world" - Calvin.
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Student Loans - Who's got them and for how much! - 28/04/2012 04:18:50 AM 1229 Views
Re: Student Loans - Who's got them and for how much! - 28/04/2012 05:32:43 AM 714 Views
I'll finish with about $262,000 and a DVM - 28/04/2012 03:07:05 PM 699 Views
Holy crapola..... - 29/04/2012 09:09:48 PM 680 Views
your average local veterinarian does not. - 29/04/2012 10:10:49 PM 726 Views
Not me! - 28/04/2012 04:31:37 PM 833 Views
The reward is definitely not worth the payout. *NM* - 28/04/2012 05:56:36 PM 329 Views
Not always true ... - 29/04/2012 03:04:51 PM 660 Views
I wasn't declaring a universal truth. - 29/04/2012 06:29:27 PM 699 Views
I follow ya ... - 29/04/2012 08:42:55 PM 568 Views
Nope - 28/04/2012 09:30:38 PM 604 Views
ugh... $25 k... luckily the boy doesn't have any yet - 29/04/2012 12:40:17 AM 635 Views
I suppose the "boy" is me - 30/04/2012 04:59:35 AM 668 Views
Just a little - 29/04/2012 12:42:31 AM 701 Views
Will have around $200K - 29/04/2012 01:54:24 AM 619 Views
Oh, the loans.. - 29/04/2012 04:05:34 AM 730 Views
Soooo glad I don't/won't have any - 29/04/2012 10:01:50 AM 589 Views
I have two student loans, of which I have repaid not a penny. - 29/04/2012 02:21:09 PM 836 Views
That's a very interesting system..... - 29/04/2012 09:15:55 PM 667 Views
Unions? Really? - 01/05/2012 10:41:00 PM 621 Views
Re: Student Loans - 29/04/2012 02:43:47 PM 688 Views
Eh, given that education here is free... - 29/04/2012 03:23:28 PM 830 Views
Re: Student Loans - Who's got them and for how much! - 29/04/2012 08:56:07 PM 694 Views
Chalked up 50 grand - 30/04/2012 08:13:20 AM 642 Views
Zero. Totally anomalous for the US. *NM* - 30/04/2012 12:29:11 PM 283 Views
I am totally debt free. - 30/04/2012 04:44:54 PM 688 Views
$15,000 ... all for Grad school ... - 01/05/2012 01:32:19 AM 717 Views
Ended up with a bit less than US$40k - 01/05/2012 09:26:39 PM 705 Views

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