How much do you owe on your student loans?

AndyLouis's picture
Rank: The Pro | 20,146
$1-$10k
7% (57 votes)
$10k-$25k
13% (108 votes)
$25k-$50k
12% (97 votes)
$50k-$100k
11% (86 votes)
$100k-$250k
8% (68 votes)
$250k-$400k
1% (12 votes)
More than Bernanke's son ($400k+)
2% (13 votes)
$0 (never took out student loans)
39% (317 votes)
$0 (paid in full)
7% (57 votes)
Total votes: 815

Comments (26)

Apr 9, 2012

Wow really surprised that most people never had to take out student loans. My guess is that its less full scholarships and more a ton of rich kids on WSO who have parents with deep pockets.

Apr 10, 2012
Nobama88:

Wow really surprised that most people never had to take out student loans. My guess is that its less full scholarships and more a ton of rich kids on WSO who have parents with deep pockets.

or they just click the first option they see, maybe i should rearrange the question order

WSO's COO (Chief Operating Orangutan) | My Linkedin

Apr 10, 2012

My parents were not very rich (we lived in an average condo) but because of their belief in education always saved like mad to make sure that price was never a barrier to education (also the 15K or so every year in grants was helpful from my school...). In all honesty, if I had to worry about student loans right now I would be scared s***less

Apr 11, 2012

whats the difference between "never took out student loans" and "paid-in full"?

Apr 11, 2012

I think "paid in full" means you took out student loans, but at this point have paid them all off

Apr 11, 2012

This poll goes against all student loan statistics.

WSO is the 1%

Apr 11, 2012

Or we have a ton of high school students voting :)

Apr 12, 2012

$0 (never took out student loans). For me, bachelor+MSc+housing costs floated around 50k euro (over a span of 5 years) and luckily we hadn't had to resort to loans.

Apr 12, 2012

About to join the ~$50K club and I'm worried worried worried. =(

Apr 13, 2012

Hrm. Rich folks=no debt -> good schools -> good jobs

Seems about right to me.

Apr 13, 2012

I dont think i would have taken school very seriously if i didnt take out student loans, no pain point if someone else is paying for it.

Apr 13, 2012

Scholarships paid for 80-85% of my university expenses so I didn't need student loans. I would think there was something wrong with my work ethic if I didn't take school seriously just because it was free. But I guess it depends on what motivates you.

Apr 13, 2012

I think it would be interesting to find out of those who did not take out loans for college, what percentage received funding from A) parents B) themselves or C) scholarships.

Although I agree, these numbers seem way off compared to all other polls the media publishes.

Apr 13, 2012
kuaerodsp:

I think it would be interesting to find out of those who did not take out loans for college, what percentage received funding from A) parents B) themselves or C) scholarships.

yeah good idea for a follow up poll, will try to add this in a couple weeks

WSO's COO (Chief Operating Orangutan) | My Linkedin

Apr 13, 2012
Cmoss:

I dont think i would have taken school very seriously if i didnt take out student loans, no pain point if someone else is paying for it.

Trust me, when your parents are putting up 50k/year for your education, it makes you try VERY hard in school.

Apr 13, 2012
AndyLouis:
Nobama88:

Wow really surprised that most people never had to take out student loans. My guess is that its less full scholarships and more a ton of rich kids on WSO who have parents with deep pockets.

or they just click the first option they see, maybe i should rearrange the question order

Or they are European, like I am and don't have to pay such huge amounts of fees..

Apr 13, 2012
Connor:
Cmoss:

I dont think i would have taken school very seriously if i didnt take out student loans, no pain point if someone else is paying for it.

Trust me, when your parents are putting up 50k/year for your education, it makes you try VERY hard in school.

I guess IF i was lucky enough to go to a fancy(expensive) school my motivation wouldnt be cost based.

Apr 14, 2012

I was fortunate enough to have my parents pay my education (albeit only $5k/year on state tuition) so selected debt free for lack of that option. It would be interesting to see how many are debt free AND paying their own tuition. My room mate is currently pulling it off and graduating in 5 years which I find incredible.

Apr 14, 2012

privileged asshole here

Apr 14, 2012
International Pymp:

privileged asshole here

More like fortunate. Privileged implies I didn't use the opportunities at my disposal to their fullest or that I am ungrateful for the opportunities I have been provided. My parents came from nothing and wanted their children to succeed; having loving parents doesn't make me an asshole.

I am curious though about how many of those that selected debt free, did so on their own as I find it incredibly impressive.

Apr 14, 2012

$0, Full paid scholarship.

Apr 14, 2012

I think its probably a combo of rich parents, smart people who get scholarships, and parents who were frugal enough to save all the money.

Apr 14, 2012

GI Bill for me. There are lots of veterans on campus these days who pay nothing as well. This could be throwing off the distribution.

Apr 14, 2012

Not to show of or anything but I trade and have made enough money to pay back most of my loans now...
No rich parents, no scholarship, but then my fees is not $40,000 a year haha.

Apr 14, 2012
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