Bye bye college debt, bye bye 2021 watches

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I think my 2021 purchases and my 2021 kontiki restoration project will help me through the year!
 
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Yeah, I am not feeling too bad about your hold on purchasers. Those are all stunners!
 
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I think my 2021 purchases and my 2021 kontiki restoration project will help me through the year!
That looks like a new bathroom to me 😉
 
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Why are you putting a floor on top of your house?

I think I see your problem.
 
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Why are you putting a floor on top of your house?

I think I see your problem.
Yes! I heard that's a bit unusual! Haha. Sorry! I should have put that college loan in a english course!
 
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@Shabbaz good on you for having paid the debt, but you’ve gone through 2/3rds of 2021 already so you’re not getting such a bad deal out of it.
Especially looking at the watches you just posted 😉
 
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@Shabbaz good on you for having paid the debt, but you’ve gone through 2/3rds of 2021 already so you’re not getting such a bad deal out of it.
Especially looking at the watches you just posted 😉
Lol!! This is true! He already ate 2/3 of the chocolate mousse pie, leaving the last slice isn’t really a sacrifice.
 
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It seems that I had a racket going. Every year I borrowed approx $6,000/yr for a 5-year program. Upon graduation, I learned that an intern practicing his craft could defer until the internship was over. After three years I became licensed and enrolled in grad school. Deferred again, for the the 2-yr program. Upon graduation there was an automatic 1-year deferment (ostensibly to let the young grad get on his feet?) There was a weekend MBA program in there but it gets repetitive.

By the time I started paying, inflation (remember the 70s and 80s?) had made my loan a relatively easy thing to deal with. Like @Shabbaz, I paid mine off but with one payment per year for two years. 😀
 
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I think my 2021 purchases and my 2021 kontiki restoration project will help me through the year!

I felt bad for you until I have seen this 😝
 
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I felt bad for you until I have seen this 😝
I never felt bad for him… until I read the part with kids, wife and dog! 😁
 
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Completed all my education in France so it was essentially free for me (although my parents paid for it through lots of taxes, obviously!).
Every now and then I am kinda baffled to find out that some of my colleagues or acquaintances are still paying off college debt 10 years after having started their career.

Reminds me of how lucky I was to grow up in a society that cares (mostly) about all people and how ridiculous the price of education can be in the USA. It REALLY is a business here. As Good Will Hunting would say: “You wasted $150,000 on an education you coulda got for $1.50 in late fees at the public library.” 😗

Anyhow. Joking aside. You can count on me to entice my kids to go study abroad… or pay on their own. 😁

Congrats to you @Shabbaz for shedding that burden. Good luck with the new ones. 😉

Same here. Uni was a while ago, 1968-1975.
 
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I think my 2021 purchases and my 2021 kontiki restoration project will help me through the year!

Kontiki restoration? The super kontiki is all original; even with the original count down bezel.... What is needed?
 
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Done a trade when I left school at 15…..

Do we get to see this collage you paid the debt on 📖
 
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So I decided to renovate my house for the second time in two years. Two years ago I put a new floor on top of the house. This time I'm going for the full monty. New kitchen, new floor, new bathroom, a new extension of the house, solar panels, heat pump, new dog, new kids, new wife, last three are a joke, you name it. Terrible.

Anyway, to get a mortgage the bank said I needed to pay my college debt at once. I was paying already for 12 years. College was fantastic. The debt was worth it. I lived like a king. Although I could have bought a nice Patek with that debt. Hmmm.

But here's the problem, now my watch budget is gone for 2021. So you wont be seeing anything from me this year. Luckily I bought some great watches in the beginning of the year.

Anyone else still paying their college debt?

I wish you all the best!

college and homeownership over watches? Perhaps you need to revisit your priorities in life and think really hard about the decisions you’ve made. 😁
 
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A big thing in the States for guys my age (class of 1991, I think) is to mock and berate the current crop of students for their debts and for complaining about their lot—we didn't have WiFi! We lived in a squalid room with no AC in the Texas summer! We put ourselves through college by doing construction work in the Texas summer! Then we loftily exit the discussion when it's pointed out that tuition now is 10 times what we paid. Also, summer is hotter now.
 
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The Texas oil industry collapsed just before I started applying for colleges, an enormously stressful time for my parents, supporting the family through my mom's job at a furniture store, but for me it meant schools threw financial aid at me. I got a scholarship that pretty much paid for university and a student loan that I paid off through sitting at the library circulation desk at lunchtime, undisturbed by patrons.

I nearly didn't graduate because UT was a huge bureaucracy that I was too immature to navigate, and anyway my stupid rock band was getting popular and I figured, why get an English degree? What was I going to do, teach English? But at my part-time job at the (un-airconditioned) dry cleaners, one of our customers was the dean of the English department. She heard me speaking Spanish with my coworkers and arranged for me to test out of two semesters of Spanish in her office on a Sunday, enabling me to graduate and become an impoverished musician, but unencumbered by serious debt. Music eventually brought me to Japan as a band's tour manager, and soon after I returned and took a job as an English teacher. For 25 years I've benefited from those lucky breaks, and the generosity and sacrifice of others.

Congratulations on paying it all off—you done good.
 
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I was lucky that the Bank of Mom and Dad picked up most of the tab. I graduated with less than $5,000 in debt (this was four years ago). After I made the first couple of payments, I figured “I have the money in the bank, WTH am I doing throwing more away on interest?” and paid it off in a lump sum. But my mom and I went to the same school, 34 years apart. When she went, she was able to pay the whole cost waitressing during the summer. I worked those same types of jobs and could cover textbooks, if I bought used or the international version.
 
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Wow, I definitely worked the wrong jobs in the summers when I was in college. I earned enough to pay tuition for one out of the 3 quarters, and that did not cover dorm/ rent, food, and other living expenses (thankfully for about $10 dollars a week you could hit 5 nights of all-you-can-drink parties). I graduated 34 years ago, and I went to an inexpensive state school. We started putting money away for our sons education before he turned one. Hopefully when (if?) he heads off to college in 10 years money will not be an issue and he can focus on learning and having fun.
 
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Congrats on paying off your debt.

Enjoy those watches while you can. If your kids want to go to school, you'll be back in the tuition game. Even with academic scholarships of 20k per year, we're paying 45k per year to colleges. Only two more years for till the the second kid graduates.

My German cousins think this is nuts. They might have a point.

(Before anyone says they worked and paid for school themselves, those days are gone. I also worked full time as a welder on second shift, getting back to bed by 2am. Tuition is nuts now. And no public support if you aren't poor.)

Save now, for tomorrow you pay.