One thing I absolutely cannot wait for, but must, is to just be done paying my stupid student loans. For those of you that don’t know, I did my undergrad in Iowa (my home state) and then did my masters in Kentucky (uh, not my home state) so I racked up quite the pretty penny with my student loans. I almost daily try and think of how I am going to pay these bad boys off. And I have no clue. It feels overwhelming to think about it. But alas, my troubles are not your troubles and today, I’m here to provide what I think is a valuable resource. And of course, I found it from my daily LearnVest email.
Here is a checklist for paying of your student loans. But honestly, if you are in high school or are in college right now, do the work and find scholarship opportunities. Meet with a financial counselor to have them help you figure out what your budget is and get a job to cover your living expenses instead of relying on student loans for everything. Take out as absolutely little of student loans as possible. Sure doing things like researching scholarship opportunities and making a budget are harder than just taking out all of your student loans, but being tied down to that kind of debt for 10, 20, 30+ years…I definitely wish that I had been more conscientious of my finances in college and grad school than I was. Even if you do end up getting a great job when you are done with school and you could pay off your student loans in a couple of years…wouldn’t you rather use that money for something else…anything else? Hell, I’d rather use the $200 a month I pay for my repayment for anything – food, clothes, an eye doctors appointment, putting it into savings…really anything sounds better than paying my student loans.
Apparently this week I’m getting ranty on topics. Meh.