N777UA From United States of America, joined Mar 2010, 0 posts, RR: 0 Posted (10 years 7 months 2 weeks 4 days 13 hours ago) and read 875 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.
Asuflyer05 From United States of America, joined Feb 2004, 2373 posts, RR: 3
Reply 6, posted (10 years 7 months 2 weeks 1 day 2 hours ago) and read 778 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.
NWA Man From United States of America, joined Jun 1999, 1828 posts, RR: 12
Reply 8, posted (10 years 7 months 2 weeks 12 hours ago) and read 746 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).
Pgh234 From United States of America, joined Jul 2001, 796 posts, RR: 1
Reply 9, posted (10 years 7 months 1 week 4 days 14 hours ago) and read 720 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
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)
VSLover From United States of America, joined Feb 2004, 1899 posts, RR: 22
Reply 10, posted (10 years 7 months 1 week 3 days 4 hours ago) and read 710 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.