If you had student loans, how long did it take

I honestly don't remember how long it took me to pay mine back but I had less than $10,000 in loans. DH on the other hand...graduated with his PhD in 1995 and we paid his off in 2008. I don't know how much his original loan amount was since I wasn't around at the time but I'm assuming since his got his PhD from a Big 10 school it was a lot.

It took me 10 years to pay off my loans. But the amounts were small enough that they weren't burdensome. I don't regret the loans at all.

We had $13k back in the early 90's and paid it off over about 3 years. We threw every bit of extra money at it so that it would be gone as soon as possible. Our interest rates weren't high, but they weren't low either. We had them all paid prior to having kids and I am glad we did because kiddos are very expensive!

I paid mine off in December of 2013. Took me 10 years. It was one of my happiest days to say goodbye to old Sallie Mae. I even posted about it here. Well, there...

That being said, I'd do it all over again. And I'd still pick the small, expensive, liberal arts college that I chose.

We paid the minimum on mine , while we paid off my husbands, then we paid on mine until it was gone. We never bought furniture, cars, anything, until both were paid off and our payments were about 3x what was on the statement.

Is the term over 10 years? That is probably a pretty big payment...

Well, DH and I went to school back in the dark ages when school wasn't quite so expensive. DH graduated in '95, got a two year deferral on his student loans and when that was up he paid it off in full. It was $2,500. He had scholarships and grants along the way. The Air Force paid for his masters and we paid for his PhD OOP. All my schooling was OOP as well as I never took out any loans.

I'm a little terrified about how much it is going to cost my kids to go to school. Oldest graduates HS in two years.

40K a year....

That made me gasp a little! You must have a fantastic job to pay it off so soon! Good for you!

We told our kids we would pay their full undergrad tuition to any school they chose, as long as it was in-state and a public institution. LOL! They all chose Iowa State - Go Cyclones!

10 years, but I paid a significant portion of my income for those years in order to do it.  This was law school debt.

I have totally blocked that part of my past. LOL

But I can tell you the day that I paid them off I had a party. Okay, not a big party but I did bake a cake for the kids and I.

It was maybe 7 or 8 years to pay off our undergrad loans.

DH's grad school loans are at such a ridiculously low interest rate that we are paying them off slowly - it makes more financial sense to keep that money in an interest-earning account than to use it to pay them off. My grad school loans, which are being taken out after the student loan rate hike, will probably be paid off before his. I am guessing we will pay on his for a total of 15 years (we are 10 years in) but I would like to pay mine off in 3.

This is probably going to be me. I have been paying on mine for 10 years and in that time I've only paid back about half what I owe. 

It will probably be about 15 years for me. I'm eleven years into a 20 year repayment program on about $60k of loans, and have two lenders. I have cycled through periods of just paying the minimum and also over-paying by substantial amounts. We are currently overpaying on the bigger one because I want those $400 monthly bills gone! That one should be done in a year; the other loan is a much, much smaller monthly payment and the interest is laughably low, so I'm not in a rush to get it completely paid off ASAP.

I think I had 10 years to pay it off, but did it in about 9 years, if I remember correctly.

The debt that some of my kids friends have now is just so scary! Some of them are racking up some pretty substantial loans and they are going to a Community College. One kid is on his 3rd year there - but he sure has some nice stuff! He spends it pretty freely on shoes, car, and just ... stuff. His job prospect is not a super high paying occupation either.

I really want to sit him down and talk to him, but he isn't my kid and his parents are aware of what is going on. I wish I could say this was an uncommon thing, but I am seeing a lot of it. They change their field of study every few months. And the places they live! Dang! I never ever lived in an apartment that nice. They won't even consider an apartment where they don't have their own personal bathroom and shower.

I told my kids that living in the dorm with a communal shower down the hall builds character! LOL