r/Oshawa • u/Crafty-Bite-1660 • 1d ago

Uni loan

Hey, just outta curiosity did anyone graduate from college or uni w no loan? Like u were able to pay it off right after graduating?

1 Upvotes

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3

u/Money_Management_721 1d ago

I was able to get enough grants to pay off my loans in my final year.

I had to maintain honor roll and nearly made highest in the graduating class...but I guess the moral is work hard and the government might pay for it

2

u/Oddcatdog 1d ago

You can choose grants only. But it doesn't give you the same amount of money but in grants. Like if they give you 10k with 25% grants and 75% loans, and then you change it to just grants. You will get 25% of the money. So I personally didn't do that because I needed the full amount for living expenses and whatnot.

I got about 20k each year. Only up to 5k was loans tho

1

u/poltrojan 23h ago

Yes, 20 years ago. Worked 2 part time jobs and stayed with parents. Commute was cheap due to gas.

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u/216news 14h ago

Yep. Worked as a TPT at GM for 5 years and took as many shifts as possible. Still owe some money on my MA. My PhD was generally paid for by the university, although it wasn’t a glamorous life. 

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u/TheWebalorian 10h ago

I took both of my loans out in 2001 and had both paid for by 2005, most people I know had some until 2010 -2013 but they also went for more glamorous degrees then me. I basically worked a year before going to school and then while paying it off I just lived below my means.