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Money At Graduation  
User currently offlineN777UA From United States of America, joined Mar 2010, 0 posts, RR: 0
Posted (10 years 1 month 1 week 5 days 1 hour ago) and read 810 times:

This is a really strange question....but I've been wondering, what in general do typical American college students have in savings when they graduate college? I've searched the internet and surprisingly enough haven't been able to find a survey or anything.

Anyone have any insight?

10 replies: All unread, jump to last
 
User currently offlineCaptoveur From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 1 month 1 week 4 days 15 hours ago) and read 788 times:

Every single one of them I know, myself included has $0 or close to it in savings on graduation. College costs a fuckload.

User currently offlineKROC From , joined Dec 1969, posts, RR:
Reply 2, posted (10 years 1 month 1 week 4 days 15 hours ago) and read 784 times:

I'm sure that all these teenage Mega-Ultra-Titanium-First Class Flyers on these boards will have tons of cash in their savings when its time to head off to college.

User currently offlineAZO From United States of America, joined Jun 2002, 767 posts, RR: 1
Reply 3, posted (10 years 1 month 1 week 4 days 15 hours ago) and read 784 times:

I graduate next week with just over $7000 in savings, mostly from working the last year and a half, and will be mostly out of debt. I've been pretty lucky with that.


Kalamazoozoozoozoozoozoozoo
User currently offlineN6376m From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 1 month 1 week 4 days 14 hours ago) and read 771 times:

I graduated with about $5,000 and zero debt. All in all, I figured I did pretty well.

User currently offlineDontlikeairbus From United States of America, joined Feb 2004, 85 posts, RR: 0
Reply 5, posted (10 years 1 month 1 week 4 days 13 hours ago) and read 757 times:

i graduated with 500$ but im in the hole 2000 for just my excessive credit based purchases

last month i took out a loan for what will be the first of several tens of thousands of dollars as i now try and get thru graduate school and law school


User currently offlineAsuflyer05 From United States of America, joined Feb 2004, 2371 posts, RR: 3
Reply 6, posted (10 years 1 month 1 week 1 day 14 hours ago) and read 713 times:

Unless their parents are paying their way, chances are most college students are going to be in the hole for a couple grand. I've racked up about $15k and I'm about half way through. I should be at about $20k when I graduate. Then on to law/business school.  Angry

Matt


User currently offlineJamotcx From United Kingdom, joined May 2004, 1037 posts, RR: 25
Reply 7, posted (10 years 1 month 1 week 1 day ago) and read 685 times:

I thought college in the states required stupid money to go to, like over $20k a term?

I've just finished my second year at Uni in England and have £8k of debt, and will have £12k when I finish next year, thanks to the government giving loans instead of grants  Angry


Jamo


User currently offlineNWA Man From United States of America, joined Jun 1999, 1828 posts, RR: 12
Reply 8, posted (10 years 1 month 1 week 1 day ago) and read 681 times:

I thought college in the states required stupid money to go to, like over $20k a term?


Ehh - depends on what type of college you attend. Going to Harvard with no financial aid will run you about $35K a year, but attending your local state school, including room and board, can often cost under $10k annually. Of course, there's all sorts of schools between Harvard and Western Wyoming Tech. My college is about $20k per year. Am I getting ripped off - well, I guess I'll find out after I graduate. With that in mind - choose wisely.

To answer the original question, including my savings, cash in my wallet, change mug, pennies underneath couch cushions, and online poker accounts, I've got $1,500 as an incoming college junior. After scholarships, grants, and money from the family, I'll be in debt about $10K or so after I'm done. Money well spent (hopefully).


Regards,

N-Dub



Create your own luck.
User currently offlinePgh234 From United States of America, joined Jul 2001, 794 posts, RR: 1
Reply 9, posted (10 years 1 month 5 days 2 hours ago) and read 655 times:

Where I go to school...it costs nearly $40k per year. But since I am poor (read: average middle class), and everyone else is FILTHY rich, i get nearly everything taken care of buy the university with scholarships. So you don't see me bitching at those rich people who fly first class all the time on daddy's penny...because these same people are fully funding my college education  Smile

However, unlike most others, I realize what I special opportunity I have there and will NEVER take it for granted

By the way...$2000 in my savings acct (and I'm only a sophomore working 2 jobs with no financial help from the parents)



pgh234


User currently offlineVSLover From United States of America, joined Feb 2004, 1897 posts, RR: 22
Reply 10, posted (10 years 1 month 3 days 16 hours ago) and read 645 times:

well i know many many friends of mine in college upon graduation had anywhere from $5k to $20k in savings, before any loans. but the large amount was primarily because of the signing bonuses a majority of them got when they accepted a job offer. of course when you move to the city and put down your first, last, and security deposit plus a brokers fee (if you are a moron) and your signing bonus is essentially gone.

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