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Old 05-01-2006, 08:33 PM
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BC69 BC69 is offline
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Default Questions for any college grads?

I just got through having a conversation with a close friend of mine and we were discussing college tuition and loans. If anyone doesnt know the costs these days, Boston College next year is going up another 8% and will total over $44,000 for my junior year.
Anyway, both of us are paying for college ourselves with loans, and pathetic financial aid packages. My parents are not in the situation to really help, and I have always thought that with my education here and the field I am going in that I will be okay to pay them off in a reasonable amount of time. I had always assumed I was in the same boat as alot of my friends from home. My friend was complaining bout trying to make some payments now, and that how in total for all four years he needed to pay about $20,000 in loans. I was pretty shocked, because right now I have already amassed over $65,000 and I am a Sophomore! My goal was to keep my loans somewhere around $100,000 for a total, and lets not talk about interest rates. I somehow got slapped with a monthy variable and its at 12% right now!

I know some people might not want to talk about finances, it is not something anyone likes. But I am just wondering if anyone is in the same boat, did anyone leave college with over $100,000 in loans? Lets say it will be around 80,000 is bank loans, 10k in federal low stafford and perkins, and another 10 in Boston College loans. Is anyone dealing with, or delt with paying this type of debt off?

Thanks!

Tim
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