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Recent Comments

Re: “How Much Do You Owe in Student Loans?

if anyone needs more clarification or wants to get in touch. Hit me up on twitter @DamaskPortland

Posted by DamaskPortland on 06/13/2012 at 4:17 PM

Re: “How Much Do You Owe in Student Loans?

@Reymont I will never forget it. It was October 2008 when we went into our first orientation after the MIM camping trip. The MBA students were also present. The financial crisis was just beginning and the counselors or who ever was running the orientation event told us (and I swear to god) "This is the best time to be in this program, don't worry, you are going to make a hundred thousand dollars when you get out of here." It is burned into my mind. I didn't think I would make 100k, but thought 60-70k was reasonable. I had some work experience beween my undergrad and graduate degree, but it was in sales, and I wanted to do something in Marketing. Looking back, I should have known. It seems so obvious now, that without experience, I didn't have a chance to make those numbers. Like I said before I will be fine, and ill be damned if I don't pay off the loans. I want to be like this guy who paid off his 90k in loans in 7 months. Im sure it will take me much longer. http://finance.yahoo.com/news/wiping-out--…

Posted by DamaskPortland on 06/13/2012 at 4:05 PM

Re: “How Much Do You Owe in Student Loans?

@reymont also I wanted to point out that I did the 27month program with an upaid internship for a year. @eric c. I do not want a hand out. I want to pay off my 100k debt. With the interest the way it is, and my income as low as it is.....I will be unable to do that in the allotted 25years. What I want is a push to lower tuitions for state schools, and have zero interest on student loans.

Posted by DamaskPortland on 06/13/2012 at 3:41 PM

Re: “How Much Do You Owe in Student Loans?

@Reymont, I posted above that yes, the program was 46k but the books and asia trip cost me an extra 10k. Too much! It did not work out for me. I am not working in an international company doing deals in Asia. The job wasn't there. I am a member of a woman's networking group and an entrepreneurs group. Don't feel sorry for me people, I do come from a fantastic though not terribly wealthy family. I will be fine. However, I am still mad that I "fell for it". I didn't have enough experience to get the jobs that are 100k jobs. The way the program started I felt that I was making the right decision for me, and I thought the jobs would be there. Sadly I was under qualified even with a masters. The point is, having a masters degree, or any degree doesn't really help a person get a good job. That is the lie the schools tell us, and that is the lie I want to expose.

Posted by DamaskPortland on 06/13/2012 at 3:32 PM

Re: “How Much Do You Owe in Student Loans?

I stand corrected....and baffled. Here is the break down of my Masters Tuition. http://www.pdx.edu/gradbusiness/part-time-… just around 46k. I remember when I signed up, I thought...no big deal I can do this. With books and that Asia trip (all expenses paid...not) I ended up at around 60k of school expenses. Which left me about 24k in living for two years. I also did have an unpaid internship for a year that was supposed to turn into full time employment but the company went under. What I want from this movement is for Student Loans to be interest free, and tuitions for state schools to be lowered. I am not hoping for a hand out. I took the loans, I want to pay the loans. Most of my loans are gov subsidized at 6.5%. It will take me my whole life to pay off this debt.

Posted by DamaskPortland on 06/13/2012 at 3:02 PM

Re: “How Much Do You Owe in Student Loans?

Hey guys and yes that is me. I also have a Masters Degree from Portland State University. My Masters is in International Management with a focus on the Pacific Rim Economy and Marketing. The cost of my Masters was 70K just for tuition, and I had 16k left from my Undergrad, so I lived on the other 14k for two years. Yes it was stupid to take the loans. Yes I want to pay them back desperately. I truly thought that with a masters I would make around 60-70k and would be able to pay my loans off comfortably in ten years. I now know that I will never pay off my debt. It is difficult to think about eventually buying and house or providing for a family with huge student loan payments each month. If I had known that I wouldn't be able to find a job for 6 months, and that when I did I would be making $12 an hour I would not have gone back to school. I now have landed a 40k before taxes job. I am so happy to be employed, but I am still very sorry and feel worried for any student thinking they will get a good job just from education alone.

Posted by DamaskPortland on 06/13/2012 at 2:44 PM

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