How big is your student loan?

**bobsmith** · 10th May 2007, 11:03

Originally Posted by marty

farkin hell - i'm picking that's a massey loan! i hope you're coming out with C-cat/ATPL/100hrs multi and 300 SE out of that!

That's half my engineering at auckland + massey... if I wanted to do the instructor course as well that would be another year and a half (since I have to wait till next year) in this miserable city and 10 grand or so so I'm thinking bugger it..... got my MEIR but still only 40 hrs multi. bugger this and job prospects look better doing just about anything but flying too... Fuck......

**Brett** · 10th May 2007, 21:10

I have about 10k....but I borrowed every cent the buggers would give me and invested it in the sharemarket...and it is now worth quite a lovely bit. And so long as it appreciates quicker than any interest applicable to the loan...I will only be making the minimum payments

However if you count meywifes fees for medical school...our loan combined is a fair bit bigger.

I worked full time while I was studying, so could actually have paid for both our fees outright...but that would be silly when we could take the interest free money and use it to make more money.

**Beemer** · 11th May 2007, 12:14

I've paid off my first student loan (the one where you also got stung for interest) and now I have one I owe about $3000 on and am about to take out another one for a course starting in July that will be about $6000. So mine will be up to about $10,000 again soon - ouch!

**Curious_AJ** · 11th May 2007, 13:07

UNITEC is too unorganised.. more so than an actual Uni like Auckland or Massey or Otago... geez, i regret going there to some degree... i should have done correspondence or something... then i could work at the same time... oh well! cest la vi! and suck up the debt!

**Toaster** · 11th May 2007, 13:31

Back in the 90's... my loan got to about $14k. Paid it off by hooking up with someone who had higher salary, more frugal and no loan.

**avgas** · 11th May 2007, 13:36

I was about 50 last year, but i was working full time studying part time so that got cut down quite a bit (payments.....lots of payments)
Now Im at 35ish.
In saying that though i have been paying for sometime now.
Gotta love the whole student allowance thing - they kept moving the damn goal post for me. I never did get it.
Makes you think/fantasize -
"If i saw Helen on the Road, would i make sure she is dead?"
Apparently i dont fit the whole norm thing - cos i moved out of home, was not supported by my parents, and they were alive. If i had dead parents, who supported me, and i lived in their house - i would have been sorted.
Go figure
The 2 weeks on ACC was like a frickn holiday. Doesnt matter if you cant do anything or go anywhere. So long as you dont have to do anything.

**Curious_AJ** · 11th May 2007, 15:13

If i didn't do anything i would get really bored... i have the attention span of a goldfish on acid....

**The Pastor** · 11th May 2007, 15:26

unitec ftw. How do you borrow money for your loan and then use it for other stuff? Studylink pay unitec directly, you don't see the money?

**Curious_AJ** · 11th May 2007, 15:31

you dont see it no...and i do not know how to do that... unless you get the living costs... thing...

**GSX-RJIM** · 11th May 2007, 16:48

$35,000 loan to do Social work degree, salary $32,000 per year.
Maybe i should have paid $100,000 for my degree!!!

**Brett** · 11th May 2007, 16:56

Originally Posted by renegade master

unitec ftw. How do you borrow money for your loan and then use it for other stuff? Studylink pay unitec directly, you don't see the money?

Study costs...living costs...any damn cost they will give you that is paid into your account...not the uni's.

**ben444** · 11th May 2007, 17:13

$100k............

**COP_B8** · 11th May 2007, 19:10

up to about 45k now, expecting it to hit 100k soon, but will have 4 degrees so will hopefully make me some money back

**wildpudding** · 11th May 2007, 20:08

Originally Posted by marty

i hope you're getting some charter/air ambo work with Josh out of that

Haha yeah right! I'm not even close to flying the Navajo yet, though I did fly with him today, but just as the radio bitch!

Just for interests sake, whats the flying job you have going up there?

Stefan