I'm curious how many of you are carrying a school loan & if you care to divulge, how much? Do you think it's worth it? How concerned are you with the current trend of outsourcing? How long do you think it will take you to pay it off? Will you have to put off other life choices -- marriage, kids, buying a house -- to take care of your school loans?
-28k or 350/month
-Right now it looks like no as despite a BS, MS, ABD in mech. eng. I don't have a job or good prospects thanks to my last boss being nuts.
-I work in an extremely small field where outsourcing isn't a personal concern. I do think the US economy is going to crash soon.
-If by some luck I do find a job then I can have it paid off within two years easily.
-I certainly haven't put marriage off. You save money by being married.
-Kids are off until I someday find a permanent job. In science you just get one year appointments over and over again and now I don't even have that.
-We mistakenly already bought a house because for some strange reason my boss decided to lie to me and tell it was a great idea for me to buy a house. We live in the most expensive county in the US according to a yahoo article from just yesterday. And the house payment is $1450, so the loan was nothing in comparison. (That's a cheap house here.) I guess if I had a job in some place poor like WV then the payment would be a bigger issue.
It is ridiculous to have such huge college loans when you take into account that it doesn't necessarily guarantee getting a job. I purposely chose mech. eng. (even though I don't like it) back in 1996 because I thought there would surely always be a big demand for such people. Actually it's not like that at all. BS engineers are collossally shit on because they aren't in demand and when going to MS and above the experience starts getting very specialized thus greatly reducing the job prospects.