my student loan is giving me a headache

who's got the biggest student loan?

I'll start: $28,000.

mines higher

mine is 27,000 atm i think

Take some disprin then call me in the morning.
I haven't got one but my flatmates at 20g's as well and he never finshed any course he started

caz, yours on the up slope or coming down?

Im down to 2 and a half thou! Yay Yay.. its taken me 5 years tho.

I think mines about 6k or something at the moment - won't be long before its all gone

Mines large, but its all on a car!

Debt status:

Bank limit $500= $1600
Credit card limit $1000 = $1200
Owe friends $250
Owe parents $2000
Bank loan $6000
Student loan $5000

Yay im broke

Nup.. maybe im just tired but i still dont get "test". But its ok.. i can live with it.

0

alias: biggie went down before and thats a test post.

oh. I didnt notice. Thanks. Feel a bit daft now.. test.. of course.

mine $32,000 wooohooo, and i've still got about 8 or 9 years left. I'm gonna kicks all your asses.

Then i'm gonna skip the country on my south african passport to avoid being tracked down.

haha ha

ive only been in uni for a year and i think mine's like 8k? all those living cost payments hehe!
and i fucked up that year too..so thats 8k down the drain. will b in uni for another 3 years though..so fark its gonna b a lot

hey im at 30,000

awesome aye - i cant even be fucked thinking about it

will have to start my fashion label and kick arse to pay that off

or get some booty sponsors

paid all mine off in one go
very good move

was it anything like mine though ?

I try to ignore mine. I'm about half way through, providing I don't fail more papers, and I think it's somewhere around $15,000. Or something. Book-learnin' don't come cheap.

I have $0.00 debt.

25,000 - damn student loans

I'm only 14k and never going to pay it,, I think they should wipe the loans

my mate had a 40k loan at 21 yrs old

Phsycologist though

mines well well over 30k

Mines under 8,000 now... If you even care about paying it off, paying an extra $50 a week over and above what came out of my pay saved me $15,000 in interest and a lot of years!

G

$0...... but it's about to get very large... as soon as i suss out those damn application forms *grrrrrrr*

keep counting no ones got near me yet/.

student loan: $31,000
credit card: $800
overdraft: $500
bank loan: $6800

i'm fucked :oP

bennor just to make you feel better, you owe 1/25 of a million dollars.

32k and climbing.
worked out it will be paid off when i'm 86 at the rate i'm going.

mine wont get paid of at the rate im going ;( min payments dont even cover interest.

rpm, nice perspective.

oh you lot make me feel so much better = )

rpm - that's only $900 more than i owe :o(
i pay about 700 a month off all my debt though

rpm, if u'r min payments don't cover interest, the interest just disappears - *whoosh* gone...

Oli, I don't think thats true.

The only way you get your interest writen off is if you earn under a certain amount, ($14000??) and or if your a full time student.

If I'm wrong, tell me cause that could be very useful to some friends of mine!!!

Sorry, wrong words. You get a "write-off" under the circumstances you said. However you get an interest "REDUCTION" if you earn more than $15,132 and:

"your base interest is more than 50% of your repayment obligation for this income year, and
you are a New Zealand resident for tax purposes."

Bascically this means that for every repayment you make, at least HALF goes off the principal, the other half goes off the interest that got charged for that period, and any interest over that is wiped. Labour brought that policy in about a year and a half ago.

My significant other has a whopping $40000 to pay off, plus its still growing!!

Oli - does that happen automatically?

oh im aware of the magic interest fairies, but im not sure that the 50% off principal fairies visit me... not that ive noticed ... the ird letters somehow end up in the fireplace.. must be the letter goblins they like ird paper. Ill have to have a good look next time if the actual amount is reducing... I love the way they include that bit of paper that says " if you pay it off in one lump sum we wont charge you interest for a week" or something like that like there doing you a big favour.. sorry im wearing my im a persecuted ex student with a big loan and a cynic t-shirt today.

Ah its just like paying a higher tax bracket for the rest of your life..

I am at $20K but I think that I've paid off something like $2500 this year. Next year I'll be earning over the next tax bracket so my payments will go up - YAY!

sadly enough i think i win here-- and ive still got about 1 and half years left on top of the 5 ive already done!!! think i better get a job....

20k...pretend like its not there...just do what i do and get them to send your statements to someone elses address...voila, problem solved, as far as i'm concerned its as good as paid

i left the country for 8 years didn't pay a cent and came back 10K in penalties. I said sorry and they wiped all the penalties... so it went from 8K to 22K to 10K

bungeye - you one lucky prick. I had to argue with them for about two months to get them to fix their own screw up that charged me $100 penalties!

bennor - should be automatic reduction so long as you do a tax return (or these days, get a personal tax summary)

Dom - good idea. Think I'll send them to my mum and hope she takes pity and pays it for me...

$30,000. AHHHHHHH

the next question is, who's planning on paying it back

I accumulate $2120 interest a year. Mother was wrong yet again.

Did Mother tell you that you wouldn't have fun spending it all on cool things?

Cos my mother told me that and fuck she was so wrong. I had a ball...

Ooooh, a good new thread raises its head...