Goodbye Sallie Mae!!

ryanmickG · June 29th, 2009, 00:03

Sent in my last payment this weekend! I'm sooo glad I suffered through higher 10 year payments and didn't do the 20 years payments.

I borrowed 27K (Which was a lot of money for flight training in '99). I could not imagine borrowing 50K+ for flight training.

Im drunk too

High_Alpha · June 29th, 2009, 00:17

Congratulations!

Captain_Bob · June 29th, 2009, 01:09

Condrunkulations!!

ProudPilot · June 29th, 2009, 02:34

I'm at 128,428$ for 5 years of college, with everything for 3 years on loans. Flight Training Cost was about 70-80K alone.

AviatorGator · June 29th, 2009, 02:52

Quote:

Originally Posted by ProudPilot

I'm at 128,428$ for 5 years of college, with everything for 3 years on loans. Flight Training Cost was about 70-80K alone.

Holy cow...

GreenDayPilot · June 29th, 2009, 07:29

CONGRATS!!! I, one day, hope to have that feeling of being in $0 student-loan debt......

aaaaahhhh... <<dreaming>>

KTRN · June 29th, 2009, 08:47

Congrats!! That's great & now you have some fun money (and some for savings, too).

rd757 · June 29th, 2009, 09:17

Congratulations!

RD

KLB · June 29th, 2009, 12:45

Congrats Ryan!

I estimate that I will be where you are in another five years!

TXaviator · June 29th, 2009, 13:03

aww i was hoping this thread was about how Sallie Mae went under or burned to the ground or something

Longrange · June 29th, 2009, 13:32

Than G-D I never was in any debit for anything. That means flight training and my new car. Must have been one of those lucky ones.

ChasenSFO · June 29th, 2009, 14:23

Congrats! Thats why I'm going to community college.

surreal1221 · June 29th, 2009, 15:27

Congrats.

Did you read Rich Dad, Poor Dad?

ryanmickG · June 29th, 2009, 16:43

Quote:

Originally Posted by KTRN

Congrats!! That's great & now you have some fun money (and some for savings, too).

Thanks

Yeah, we are just going to keep taking the $385 a month that we were paying Sallie Mae and putting it away in a savings account.

ryanmickG · June 29th, 2009, 16:44

Quote:

Originally Posted by surreal1221

Congrats.

Did you read Rich Dad, Poor Dad?

No. Just Wikied it though and it looks interesting.

surreal1221 · June 29th, 2009, 18:09

Was kidding. . .you'd have to have been paying attention to some of the threads down in the Airline pilot forum to get the joke.

blaise723 · June 29th, 2009, 19:41

Quote:

Originally Posted by ryanmickG

Thanks

Yeah, we are just going to keep taking the $385 a month that we were paying Sallie Mae and putting it away in a savings account.

Very wise.

Congrats btw. I still have about 4 years paying on my Sallie Mae account.

splash · June 29th, 2009, 21:30

Woha, we really have to pay her back? She calls me every week! She called me today mater of fact. "Woha Sallie, that girl." now that's old school.

I was thinking the same thing TXa.

Congrats Ryan!

EDUC8-or · June 30th, 2009, 08:10

Congrats, that's a good feeling isn't it?

meyers9163 · June 30th, 2009, 11:21

Congrats Ryan!

I know what you mean about the 27k being a lot back then. I was lucky to only spend about 33k three years ago! And I cannot wait for the day I can kiss it good bye!

Bandit_Driver · June 30th, 2009, 12:53

Quote:

Originally Posted by AviatorGator

Holy cow...

Congrats on paying yours off. I can't wait to get mine paid off.

I came out of owing about 24 in 99. I am down to about 15 now.

Quote:

Originally Posted by ProudPilot

I'm at 128,428$ for 5 years of college, with everything for 3 years on loans. Flight Training Cost was about 70-80K alone.

Holy Cow

That sounds like an ERAU number.

PLANECOOK · September 25th, 2009, 08:05

Quote:

Originally Posted by meyers9163

Congrats Ryan!

I know what you mean about the 27k being a lot back then. I was lucky to only spend about 33k three years ago! And I cannot wait for the day I can kiss it good bye!

33k sounds like a low price almost these days. How much is that loan payment?

Stomp16 · September 25th, 2009, 10:28

Quote:

Originally Posted by Bandit_Driver

Congrats on paying yours off. I can't wait to get mine paid off.

I came out of owing about 24 in 99. I am down to about 15 now.

Holy Cow

That sounds like an ERAU number.

That's not the worst I've heard. I have a co-worker who went to ERAU and spent a little over 200K. His loan payments are $1700 a month.

flyingmaniac · September 25th, 2009, 10:55

Quote:

Originally Posted by Stomp16

That's not the worst I've heard. I have a co-worker who went to ERAU and spent a little over 200K. His loan payments are $1700 a month.

That person would have been better off being a real estate agent buying houses! You would get a better return back without the education. How bad does this person want to be happy?

Stomp16 · September 25th, 2009, 11:31

Quote:

Originally Posted by flyingmaniac

That person would have been better off being a real estate agent buying houses! You would get a better return back without the education. How bad does this person want to be happy?

He had no idea what he was getting into. "Blinded By The Light" would be an understatement.

June 29th, 2009, 00:03	#1
ryanmickG Old Skool Join Date: Nov 2004 Location: Arlington TX Posts: 2,793	Goodbye Sallie Mae!! Sent in my last payment this weekend! I'm sooo glad I suffered through higher 10 year payments and didn't do the 20 years payments. I borrowed 27K (Which was a lot of money for flight training in '99). I could not imagine borrowing 50K+ for flight training. Im drunk too Last edited by SteveC; June 29th, 2009 at 00:05. Reason: "Corrected" title.

June 29th, 2009, 00:17	#2
High_Alpha Junior Member Join Date: Aug 2006 Location: DFW Posts: 148	Re: Goodbye Sallie Mae!! Congratulations!

June 29th, 2009, 01:09	#3
Captain_Bob Old Skool Join Date: Apr 2003 Location: DFW, based back in EWR, wishing I was in Maine Posts: 4,205	Re: Goodbye Sallie Mae!! Condrunkulations!! __________________ My head is in the clouds and my heart is still in Maine... but my devotion and love belong to my wife and children. New Pics as of 4/09!

June 29th, 2009, 02:34	#4
ProudPilot Senior Member Join Date: Apr 2008 Location: Grand Forks, ND Posts: 443	Re: Goodbye Sallie Mae!! I'm at 128,428$ for 5 years of college, with everything for 3 years on loans. Flight Training Cost was about 70-80K alone. __________________ 7/6/2009 PUBNAT8 11/13/2009 ATSAT St Charles, IL 11/18/2009 ATSAT 85.3

June 29th, 2009, 07:29	#6
GreenDayPilot Senior Member Join Date: Feb 2005 Location: SoCal Posts: 938	Re: Goodbye Sallie Mae!! CONGRATS!!! I, one day, hope to have that feeling of being in $0 student-loan debt...... aaaaahhhh... <<dreaming>> __________________ "Love, Fly, Live, and Die" 2700TT 320ME

June 29th, 2009, 08:47	#7
KTRN Junior Member Join Date: Dec 2008 Location: Minneapolis Posts: 144	Re: Goodbye Sallie Mae!! Congrats!! That's great & now you have some fun money (and some for savings, too).

June 29th, 2009, 09:17	#8
rd757 Senior Member Join Date: Feb 2009 Location: Yankee India Papa Posts: 1,044	Re: Goodbye Sallie Mae!! Congratulations! RD __________________ *Ryan*

June 29th, 2009, 12:45	#9
KLB Old Skool Join Date: May 2005 Location: DFW Posts: 4,438	Re: Goodbye Sallie Mae!! Congrats Ryan! I estimate that I will be where you are in another five years! __________________ "Never miss a good chance to shut up!" ATP ASEL AMEL CFI CFII MEI Single Pilot Part 135 Freight Current SA227 and BE99 Former Chieftan 2100+ TT B.S. Commercial Aviation: Flight Operations

June 29th, 2009, 13:03	#10
TXaviator Old Skool Join Date: Dec 2005 Location: everywhere Posts: 3,575	Re: Goodbye Sallie Mae!! aww i was hoping this thread was about how Sallie Mae went under or burned to the ground or something __________________ #2 Overall Rank Collegiate Aerobatic Pilot 2008 1st Place - Sportsman - Doug Yost Aerobatic Contest 2nd Place - Sportsman - Illinois State Open

June 29th, 2009, 13:32	#11
Longrange Junior Member Join Date: Apr 2008 Location: USA Posts: 113	Re: Goodbye Sallie Mae!! Than G-D I never was in any debit for anything. That means flight training and my new car. Must have been one of those lucky ones.

June 29th, 2009, 14:23	#12
ChasenSFO Senior Member Join Date: Jan 2008 Location: SFO Posts: 1,340	Re: Goodbye Sallie Mae!! Congrats! Thats why I'm going to community college. __________________ The term "First Officer" was invented because Les Abend is never second.

June 29th, 2009, 15:27	#13
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 14,073	Re: Goodbye Sallie Mae!! Congrats. Did you read Rich Dad, Poor Dad? __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2.Furloughed \| The TRoP \| ALPA \| APSA \| ACLU \| IVAW \| Acey 80\|

June 29th, 2009, 18:09	#16
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 14,073	Re: Goodbye Sallie Mae!! Was kidding. . .you'd have to have been paying attention to some of the threads down in the Airline pilot forum to get the joke. __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2.Furloughed \| The TRoP \| ALPA \| APSA \| ACLU \| IVAW \| Acey 80\|

June 29th, 2009, 21:30	#18
splash Senior Member Join Date: Jul 2008 Location: New Orleans Posts: 798	Re: Goodbye Sallie Mae!! Woha, we really have to pay her back? She calls me every week! She called me today mater of fact. "Woha Sallie, that girl." now that's old school. I was thinking the same thing TXa. Congrats Ryan! __________________ I'd rather call it twice prop instead of multi engine.

June 30th, 2009, 08:10	#19
EDUC8-or Old Skool Join Date: Mar 2001 Location: NC Posts: 2,785	Re: Goodbye Sallie Mae!! Congrats, that's a good feeling isn't it? __________________ 2 FROM TOMME

June 30th, 2009, 11:21	#20
meyers9163 Old Skool Join Date: Jun 2005 Location: Cincinnati Posts: 2,820	Re: Goodbye Sallie Mae!! Congrats Ryan! I know what you mean about the 27k being a lot back then. I was lucky to only spend about 33k three years ago! And I cannot wait for the day I can kiss it good bye!

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