any smart plan?

Employment generally helps.

I personally think the easiest and best method of paying off your debts is doing it immediately before you start living the life - you know, getting that 10 room mansion, the porsche and having eight kids. Pay off the debt first, then begin to live the life on a SMALL basis and increase it gradually as your income increases.

I have no idea how anyone expects to spend $20,000 on an education, drive a porsche and live in a 10 room mansion with eight kids. Even on two incomes, this would be extremely difficult, particularly if you have debt (student loan and customer debt both) with its associated interest costs. Also, eight kids (or any number) is going to drive up your child care costs.

Scott

Win the lottery,
Sell organs,
Sell blood,
Sell crack,
The list goes on...

---

UTSG Life Science 12'

Umm, from what I know, being in a co-op program reduces your student loan substantially so I don't know how that might affect you.

---

UTSG Life Science 12'

Yeah, definitely scholarships. And jobs.

I agree with what people said: employment, scholarships, and lottery. Especially for employment, suppose you get a job and works twice a week, after several months, you can earn quite a lot of money!! And at the same time, we get credits for doing that. Also, working enables us to socialize with more people in the community, and we can learn skills from various workplace. After all, it's a good choice to pay back loans and stuffs.

I'm only taking out a loan to have good credit. I'm pretty certain on some of the scholarships I'm working are going to give me some money, and than I have some money saved by family, like, 500-750 from both my sets of grand parents, and than I plan on paying off the student loan by selling my sports card collection, of which I know at least one of my thousands of cards is worth over 1000 dollars. not to mention the Wayne Gretzky rookie card I have in team stats pack have

---

In my first year, each term I got about $1500 loans, and $3000 grants from OSAP. First term of second year, I got about $1500 in loan only, not counting scholarships, and I didn’t get any grants. For next term (second term of year 2) I am going to be getting about $1100 in loan, no grants. So, if you’re doing co-op, you *probably* won’t get any grants, but you might get some loans, depending on how much you earn during your co-op, and also how deep in need you are of financial support. But then, what I earn during coop pays for the full tuition plus the residence, and even after that I still have few thousand dollars left, so I don’t think you’ll have much problem paying back the loan. Some of my friends (in co-op) who are in their fourth year are talking about how they’ll have about 20K saved up from co-op by the time they graduate, instead of being in debt. Of course, this depends on your program and the job, but I’m sure the money you get from co-op will at least pay for most of your tuition, unless you’re an international student..

---

University of Waterloo '11
Honours Computer Science, Co-op
Biology Minor

student loan is going to suck i plan on going to med school after my bachelor degree but i also do want the nice house and lots of kids..i'm not quite sure how its goin gto work yet but it has to rite? lol....osap definately...and a part-time job in uni hopefully on campus because they are always willing to hire students

I've been applying for eveyrthing I can, I have a job now and save atleast a hundred from each paycheck. in the summer i will hopefully have two jobs. and that should cover my first year. Then i plan to get a decent job and pay off the loans as they come.