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Well, I'm one of those people who got a liberal arts degree from a state school - grad school. Although I got many scholarships and out-state-tuition waivers, I still graduated with debt.
In my new position (which I needed to master's degree to obtain), I currently make just under $50k.
I went back to school (late middle age) a few years ago for this second masters because my first MA was too general and from a second tier state school which didn't help me qualify for the career positions that I wanted.
I graduated in 2016 with $29k debt. The APR is 6.27% and I'm on a 10 yr repayment plan and it has already started.
I hope to have it paid off in less than half that time but that all depends on my salary going forward.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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I worked full time while going to college full time, but as a sophomore at age 19 I decided to move out of my parents home and get an apartment closer to work and school, and avoid the 45 minute commute. I took a $3,000 student loan for the deposit, and to buy some used furniture, and there was no interest. In those days (1972) there were federally insured student loans with no interest available from the banks. I kept most of the loan in a savings account and used some of the remainder for graduate school. After that, with my first real job I was able to pay it off in about a year, almost 1/3 of it at once since I still had it in savings.
Borrowed about 80K for a stupid PhD in humanities.
Paid back almost 200K and have never even worked in my field.
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