It's weird to think that, at 19, I am already in debt. Don't worry, I don't have any credit cards. I am a firm believer in buying only what you can afford.
But I'm a college student. And college isn't cheap.
It's scary to think that by the time I finish my undergraduate degree, I will be in approximately 60-70 thousand dollars in debt. My first year, Duluth was 21,000 because I was living on campus. This year, studying abroad, I took out 26,000. My junior and senior years are going to be around 12,000-14,000 a year.
And that's IF I finish in four years. That's not counting summer classes, my assistant nursing program, or an extra semester.
Oh, and if I want to go to med school, that's another big chunk of change.
I understand my parents are going to help a little, and if I get a job as a doctor, my job will help pay off that money. But it's daunting to think of that large figure above my head. Imagine if I went to school for art, or writing, or teaching? That's even scarier. At least I have a chance of a job with my degree. What if I decide to become a stay at home mom? My 70 grand in debt will be for nothing, with no income coming in.
Now a days, college is not an option. Unless you are the next Bill Gates or Selena Gomez, going to college is essential in getting job. But now, even with a college degree, you aren't guaranteed a job.
But I'm not going to still here and be-moan my life. I have a plan. I'm going to start paying off my loans now instead of later. Even with a part-time job, money can add up quick. If I save, budget, and skimp, I can slowly pay off my loans while I'm in college. It doesn't sound like fun, but I'd rather be a poor college student than a poor graduate.
Also, I'm going to start applying for more scholarships. I've been lazy in that department, and I want to be more on top with that.
If you want to know more about debt, check this out. It's a website for credit card debt, but I'm applying it to my student loans. Good luck!
P.S. Couldn't help but do a Harry Potter reference. #addicted.