We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
About student loans
el_banqueiro
Posts: 1 Newbie
Hello,
This is my first post on the site. I've been reading posts about student loans. I can find 15-year-younger-myself from those posts as a poor student. Now, having fulltime job for 14 years, I've got rid of my student loans and my mortgage is the only debt that I have at the time. I can assure you that it wasn't easy job to pay back my student loan. I lived from hand to mouth, everything went to my loan payments. I live in Portugal and my occupation is banker in a little national bank. I took loan as much as I only could have taken. My financial situation was very bad when I finished my studies in University. Rates were almost bigger than my payment from my job in a same national bank where I'm now. My piece of advice to all you who are suffering being a poor student and to those who have student loans.
:idea: 1. Take as little as possible, in a case you could survive w/o taking loans, don't take loans, your standard of living is meant to be low, don't try to pretend to be someone else with taking loans, you're a student -- students are meant to be poor. So buy just essentials, don't waste money.
:idea: 2. If you have already taken a student loans, try to avoid taking more. Pay your rates and loan payments on time!
El Banqueiro at Porto, Portugal.
This is my first post on the site. I've been reading posts about student loans. I can find 15-year-younger-myself from those posts as a poor student. Now, having fulltime job for 14 years, I've got rid of my student loans and my mortgage is the only debt that I have at the time. I can assure you that it wasn't easy job to pay back my student loan. I lived from hand to mouth, everything went to my loan payments. I live in Portugal and my occupation is banker in a little national bank. I took loan as much as I only could have taken. My financial situation was very bad when I finished my studies in University. Rates were almost bigger than my payment from my job in a same national bank where I'm now. My piece of advice to all you who are suffering being a poor student and to those who have student loans.
:idea: 1. Take as little as possible, in a case you could survive w/o taking loans, don't take loans, your standard of living is meant to be low, don't try to pretend to be someone else with taking loans, you're a student -- students are meant to be poor. So buy just essentials, don't waste money.
:idea: 2. If you have already taken a student loans, try to avoid taking more. Pay your rates and loan payments on time!
El Banqueiro at Porto, Portugal.
0
Comments
-
Bem vindo ao MSE!
Whilst I agree with you that students should accept that this is a time when they have very little money, I think that you might have misunderstood all the questions about student loans. In the UK, these are special loans for students to live on, at a low interest rate and with gentle repayments. They're nothing like commercial loans that someone would take out to buy a car, for instance.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards