How much was your debt and how long did it take you to pay it off ?

HP jay305
Oct 21 50 Comments

I'll start 30k new grad

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TOP 50 Comments
  • 55k. Still paying it off, but that’s my fault for not hustling more to get it wiped out over the past few years, though we only make $80k combined.
    Oct 21 11
    • Sorry, I wasn't considering any other people other than 1st class citizens.
      Oct 21
    • Prodege DirtySpoon
      Not everyone makes 500TC dick
      Oct 21
    • Wtf is Prodege, first time seeing it
      Oct 21
    • Prodege DirtySpoon
      I have no clue either. just using it as a stepping stone to get to cisco
      Oct 21
    • idk why you need a stepping stone for Cisco. If you can type, you get into Cisco, there's no hiring bar here
      Oct 21
  • Amazon / Eng WeWorked!
    38K when I started (few years back). I was lucky to land a good job, used all my signing bonus + aggressive savings next 5-6 months towards paying off.
    You'll finish it in no time if you put all your energy towards it OP πŸ‘
    Oct 21 4
    • HP jay305
      OP
      Thanks man appreciate it!
      Oct 21
    • ICU Medical / Mktg
      user3.0

      ICU Medical Mktg

      BIO
      Trying my own thing but doing something for someone else. πŸ€·πŸΌβ€β™‚οΈ
      user3.0more
      Meanwhile the banks are counting their Benjamin's.
      Oct 21
    • Amazon / Eng WeWorked!
      @user3.0 I benefited from the education and have counted 20+ times more Benjamins because of that education already. Student debt is bad but don't blame Banks for it. They lend if you ask money for anything, that's their business.
      Oct 21
    • ICU Medical / Mktg
      user3.0

      ICU Medical Mktg

      BIO
      Trying my own thing but doing something for someone else. πŸ€·πŸΌβ€β™‚οΈ
      user3.0more
      Yeah I see your point. My point that in trying to make is that they make more of your hard work.
      Oct 21
  • Graduated with 20k in debt (>10% interest rate).
    Paid off in 2 years making $18/hour while living in a metro area. You can do it, just pretend like you never left college and you're broke af
    Oct 21 3
    • Love this
      Oct 21
    • New / Eng
      Psynaptic

      New Eng

      PRE
      Neuralink
      BIO
      Working on Brain Machine Interfaces
      Psynapticmore
      You couldn't borrow some money from your parents to pay that off?
      Oct 21
    • @psynaptic
      I probably could have, but would I? I signed up for a loan knowing that loans have to be repaid. That's my responsibility not theirs
      Oct 21
  • Microsoft asdfgqwer
    Zero. Studied outside US were free quality higher degree is possible.
    Oct 21 1
    • Google / Eng manoi3
      Europe I imagine?
      Oct 21
  • Wayfair / Eng BScK77
    $30k, 10 years. It's worth noting that interest on my loans was down to 2.8% by then. This is before the 2008 market fun.
    Oct 21 5
    • HP jay305
      OP
      It's around 11 % now πŸ˜…
      Oct 21
    • Same, but only on my private one. I was so confused by this, so I called Sallie Mae to ask why my interest keeps raising despite never being late or missing a payment. Apparently they just raise it when they want to. Thankfully, that one is almost paid off.
      Oct 21
    • HP jay305
      OP
      That's terrible and they just sent off their staff to Hawaii to celebrate billions of dollars in sales
      Oct 21
    • Haha I guess now I know why that interest was raised.
      Oct 21
    • Wayfair / Eng BScK77
      @jacksonugh it's amazing how different experiences are. I had the opposite experience. Loans from my college stayed at 5%, but tht Sallie Mae loans that started over 7% kept going down. Every so often I'd receive a note from Sallie Mae indicating that my rate went down.
      Oct 21
  • Facebook h2648psj
    120k law school debt. 10 years
    Oct 21 0
  • Ticketmaster / Eng
    imreal

    Ticketmaster Eng

    BIO
    Data Scientist
    imrealmore
    40k, paid off in 16 months.
    Oct 21 3
    • HP jay305
      OP
      16 months?? That's crazy
      Oct 22
    • HP jay305
      OP
      Do you still have this sorta saving mentality
      Oct 22
    • Ticketmaster / Eng
      imreal

      Ticketmaster Eng

      BIO
      Data Scientist
      imrealmore
      I live in LA so except rent, I can live pretty cheap
      Oct 22
  • Google / Eng manoi3
    About 40k - paid off in a year or so.
    Oct 21 2
    • HP jay305
      OP
      How?
      Oct 21
    • Google / Eng manoi3
      Got paid pretty well, luckily. Also, continued living like a grad student during that time.
      Oct 21
  • Google / Eng cigsinside
    if it's 30k pay that shit off with ur signing bonus
    Oct 21 1
    • Cruise Automation hqudy651
      Better to keep paying the minimum and invest the excess. Your net worth over the course of the repayment can be significantly higher.
      Oct 21
  • Amazon syrbskcb
    $15k. Used my sign in bonus to pay it off within 6 months of graduation.
    Oct 21 0
  • Negative 10k
    Oct 21 0
  • Amazon / Product trsbji
    40k. Paid in 15 months.
    Oct 21 0
  • AT&T
    random25 ⚽️

    AT&T

    PRE
    AT&T
    BIO
    Nomad life
    random25 ⚽️more
    I payed my family debt which was > $20000 by working on Upwork in 1 year.
    Oct 21 0
  • New Ab44
    around 8k in Sweden, have around 4k left
    Oct 21 0
  • Google dker
    80k, 13 years
    Oct 21 0
  • Facebook / Strategy
    UncS60

    Facebook Strategy

    PRE
    Facebook
    UncS60more
    0 - fortunate to have parents who paid and $$ from internships
    Oct 21 0
  • ICU Medical / Mktg
    user3.0

    ICU Medical Mktg

    BIO
    Trying my own thing but doing something for someone else. πŸ€·πŸΌβ€β™‚οΈ
    user3.0more
    🍿
    Oct 21 0
  • Deloitte / Consultant Makiavelli
    graduated debt free
    Oct 21 0
  • New / Eng
    Psynaptic

    New Eng

    PRE
    Neuralink
    BIO
    Working on Brain Machine Interfaces
    Psynapticmore
    5k, studied in Canada. Paid it off immediately by negotiating a low interest loan (basically a bond) from parents.
    Oct 21 0
  • Wells Fargo HakunaMat!
    60K, paid in 2 years. Spouse working so was able to manage.
    Oct 21 0

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