# school loan"zz **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [February 6, 2009, 11:38am UTC](https://forums.speedlife.net/t/school-loan-zz/62594 "2009-02-06T11:38:04Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Jared](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jared/32/4976_2.png) [@Jared](https://forums.speedlife.net/u/Jared)\ **Post date:** [February 6, 2009, 11:38am UTC](https://forums.speedlife.net/t/school-loan-zz/62594/1 "2009-02-06T11:38:04Z")
so this is my last year for loans … My question is how does it work , will FASA and Citi Bank send me a final bill when I am all done? When you consolidate the student loans do you take both bill’zz from the lender’zz and go to a bank of your choice and apply for one big loan? ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [February 6, 2009, 11:41am UTC](https://forums.speedlife.net/t/school-loan-zz/62594/2 "2009-02-06T11:41:19Z")
I paid mine off in full and all I saw was the websites showing 0 balance. I didn’t see any mail, but it might have come to a different address. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [February 6, 2009, 11:44am UTC](https://forums.speedlife.net/t/school-loan-zz/62594/3 "2009-02-06T11:44:47Z")
S ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [February 6, 2009, 12:20pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/4 "2009-02-06T12:20:22Z")
When you consolidate, they payoff the old loans. The old lenders usually send a letter saying that the loan is paid off, then you get the big bill from the new lender. ---
**Author:** ![JCuz](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jcuz/32/7338_2.png) [@JCuz](https://forums.speedlife.net/u/JCuz)\ **Post date:** [February 6, 2009, 12:27pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/5 "2009-02-06T12:27:04Z")
> [@brent\_strong](#): > > I paid mine off in full and all I saw was the websites showing 0 balance. I didn’t see any mail, but it might have come to a different address. did the same, screw paying $50+ a month for 3 years or whatever. done. gone edit: by the time the 6 months was up that I did not have to pay, i saved up so I could pay it all off ---
**Author:** ![Jared](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jared/32/4976_2.png) [@Jared](https://forums.speedlife.net/u/Jared)\ **Post date:** [March 4, 2009, 12:13pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/6 "2009-03-04T12:13:57Z")
how much will you all be in the hole for, or how much are you in the hole for … looks like $24,000 when I am done… two of my buddys are $50,000 + ---
**Author:** ![Syrup](https://avatars.discourse-cdn.com/v4/letter/s/3ab097/32.png) [@Syrup](https://forums.speedlife.net/u/Syrup)\ **Post date:** [March 4, 2009, 12:26pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/7 "2009-03-04T12:26:32Z")
i feel bad for people that go to Can. and NU and pay a good chunk of change (not to mention RIT or elsewhere) just to get the same or less pay than some1 at UB with the same degree and 1/4 the tuition 🙂 ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [March 4, 2009, 12:28pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/8 "2009-03-04T12:28:22Z")
> [@Syrup](#): > > i feel bad for people that go to Can. and NU and pay a good chunk of change (not to mention RIT or elsewhere) just to get the same or less pay than some1 at UB with the same degree and 1/4 the tuition > > 🙂 5 years at RIT (including co-op), 27k in loans, all paid 6 months after I graduated. Everything paid for by me, no parental help. I wouldn’t consider that too bad, especially since I got a damn good paying job as soon as I started looking. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 4, 2009, 12:29pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/9 "2009-03-04T12:29:20Z")
> [@Syrup](#): > > i feel bad for people that go to Can. and NU and pay a good chunk of change (not to mention RIT or elsewhere) just to get the same or less pay than some1 at UB with the same degree and 1/4 the tuition > > 🙂 WAT? My boss is from Canisius. My boss’s boss is from Canisius. 2 of the 3 top guys in my department are from Canisius. Our alumni take care of our own once we graduate. At UB you’re a dime a dozen. ---
**Author:** ![Syrup](https://avatars.discourse-cdn.com/v4/letter/s/3ab097/32.png) [@Syrup](https://forums.speedlife.net/u/Syrup)\ **Post date:** [March 4, 2009, 12:37pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/10 "2009-03-04T12:37:48Z")
> [@brent\_strong](#): > > 5 years at RIT (including co-op), 27k in loans, all paid 6 months after I graduated. Everything paid for by me, no parental help. I wouldn’t consider that too bad, especially since I got a damn good paying job as soon as I started looking. I thought RIT was like 30 a year? is that another ROC school? and congrats I’m just saying I know people well over 60k in loans for no reason ---
**Author:** ![Syrup](https://avatars.discourse-cdn.com/v4/letter/s/3ab097/32.png) [@Syrup](https://forums.speedlife.net/u/Syrup)\ **Post date:** [March 4, 2009, 12:38pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/11 "2009-03-04T12:38:39Z")
> [@Joe](#): > > WAT? > My boss is from Canisius. My boss’s boss is from Canisius. 2 of the 3 top guys in my department are from Canisius. Our alumni take care of our own once we graduate. At UB you’re a dime a dozen. interesting i know 3 finance majors from Canisius can’t find shit but selling health insurance for 20k / yr lol ---
**Author:** ![Syrup](https://avatars.discourse-cdn.com/v4/letter/s/3ab097/32.png) [@Syrup](https://forums.speedlife.net/u/Syrup)\ **Post date:** [March 4, 2009, 12:40pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/12 "2009-03-04T12:40:11Z")
BTW I’m not putting down any school just curious as to the benefit of high tuition costs to any better education, obv. this will vary from major to major. just in my experience and with friends many wish they WOULDN’T have spend that extra money for senior classes with 10 less people in them lol ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [March 4, 2009, 12:42pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/13 "2009-03-04T12:42:52Z")
> [@Syrup](#): > > I thought RIT was like 30 a year? is that another ROC school? > > and congrats I’m just saying I know people well over 60k in loans for no reason Sure, the price tag is high, but there’s no reason ANYONE with half a brain should pay full price for any school. Scholarships and grants are all over out there, you just have to do some work to get them. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 4, 2009, 12:44pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/14 "2009-03-04T12:44:14Z")
for grad school get your employer to pay and go the best school. I’m more surprised by the smart people in this thread who think paying off student loans fast is a good idea. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 4, 2009, 12:46pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/15 "2009-03-04T12:46:56Z")
> [@Syrup](#): > > interesting i know 3 finance majors from Canisius can’t find shit but selling health insurance for 20k / yr lol haha that sucks. but with the financial industry a complete wreck right now there’s former 6 figure investment bankers selling health insurance for 20k / yr. ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [March 4, 2009, 12:47pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/16 "2009-03-04T12:47:05Z")
> [@theblue](#): > > for grad school get your employer to pay and go the best school. > > I’m more surprised by the smart people in this thread who think paying off student loans fast is a good idea. At over 6.7% interest, it is. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 4, 2009, 12:50pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/17 "2009-03-04T12:50:57Z")
yeah if you deduct whatever % tax bracket you’re in from your student loans and its still higher than you earn on your money it makes sense. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 4, 2009, 12:51pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/18 "2009-03-04T12:51:57Z")
if that’s the case then agreed, but couldn’t you re-fi down to like 3-5%, or non-subsidized loans etc? my student loans are locked at like 4% and my house is at 5.5% plus I used the time I wasn’t paying off loans to save for the house. plus if I lose employment you can pause the student loans. ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [March 4, 2009, 12:53pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/19 "2009-03-04T12:53:57Z")
Possibly could have, I didn’t really explore it much. I figure I paid no interest at all on them while I was in school and the rate was high, so since I had the money, I just paid them off. Now I don’t ever have to worry about school loans. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 4, 2009, 12:58pm UTC](https://forums.speedlife.net/t/school-loan-zz/62594/20 "2009-03-04T12:58:38Z")
Most of my loans are locked at 2.875%. I make the min payment on them every month from now til forever. I have one from grad school that’s 6.8% fixed for about 8 grand. I’m paying that bastard off ASAP, it’s cheaper than refi. [Next page](https://forums.speedlife.net/t/school-loan-zz/62594.md?page=2)