I Have $90,000 in Student Loan Debt

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  • [ – ] monticort reply Do you have a patreon account? I will be willing to donate some money. Let me know.
  • [ – ] BrianAiya reply That's a lot of pressure! In Europe aside from UK, most student don't have any student debt, most community college or universities are free and if you go to private place you wouldn't pay as much as in the States. I believe you can get out of it. Most people take too many years to get out of their debt but i think it's possible to have a budget and plan to get out of it sooner than you expect. I know you can do it. You are not alone, there are many people in the same shoes like you, you didn't make a huge mistake. it will just take some time. Good luck with this debt. Hopefully this will be over soon
    • [ – ] JessicaMartwin parent reply That is really neat that some places have free college and university. I think it is good to have students pay for school. It just sucks when the loan approval process is so stressful and almost impossible to get a good deal. I know I will pay them off eventually it's just an inconvenience but life is full of those.
      • [ – ] DarkQuark parent reply It's not free. The tax payers pay for it.
        • JessicaMartwin parent reply Yeah, I know that. I said neat, not good. I'm glad in the U.S. that we have to pay for education. The only reason I'm frustrated about the cost is because I was screwed over with my loans.
  • CigarBGuitarefx reply I am graduating next month after attending for four years for an Associate's Degree. I didn't go to college until I was 32. It took me that long to figure out what I wanted to do. My location has an excellent community college program. I went for Engineering Technology in computers and electronics. I have worked full time the entire time while going to school, and I have no school debt at all. Mostly because the college was so cheap that my FAFSA pays for all of my schooling. There was only one semester that my financial aid refund didn't cover my books. Most semesters I actually made money off of FAFSA over tuition/books. I have an excellent job now as an electrical/electronics technician, but I now have a job offer as a programmer that puts me on track to eventually be an engineer, even with just the associate's degree. I'm a big Dave Ramsey fan (yeah I'm one of those nuts ;) and what he says that I tend to agree with is that the main factors when it comes to going to school without ...moredebt are... 1. Where you go to school (obviously if you go to an expensive school, the chances of you having debt are higher) and 2. That you pick a degree program that is actually going to make you money in the market place. Whether you take on debt or not, spending $100-$200K for an arts degree probably isn't smart. Unless you are just interested in the subject and have the money to throw away. I probably won't go to school any more, especially since I have landed this job. My kids will all go the 2 years at Community college/2 years at a 4 year school route though. This(in our area) is affordable, and they should be able to pay for it by working for themselves. Working for it will give them the satisfaction of knowing that nothing was handed to them, and they will appreciate it more, and they will graduate with no debt. My kids have seen me work 4 years full time and go to school full time. They won't have any excuse to get out of working part time to pay for school while going full time.
  • [ – ] TmibTulelo reply 90k for being a nurse? Wow. :-( I'm glad I left school, so I didn't need any student loans. I needed a good idea and I made enough money to buy a 50k house in 2.5 years worth of work. I'm debt free. Of course, I'm not a nurse or doctor, engineer or anything like that, just a business owner/salesman. :)
  • Rayman327 reply I think college is a big waste of time, a degree used to mean something 30 years ago but now the jobs aren't there anymore, don't pay enough, or there's too much competition. Meanwhile students move back into their parent's home, find crappy jobs to get by and have to pay thousands of dollars in debt.
  • John_Sheppard reply i blame Obama
  • [ – ] Kentantino reply Shit i have 35,000 on loans from school it sucks. Sorry for here that hipe everything get fix.
  • [ – ] MarianaLevi reply That's really frustrating to go through this, I'm sorry you're having such a hard time. I was lucky enough to get my bachelor's in another country where it's really cheap. The system is totally messed up. Why do young people have to start their life with such a huge debt and pay salaries for bankers?!
  • [ – ] shawnlynn reply Imo student loan debt of any amount is overwhelming at the beginning. I have a similar amount in loans. When I finished school all I wanted to do was cry (sometimes I still do) because it hit me how much I owe. It never seemed quite so real during school. Since then I've slowly chipped away at it and I realize it's not so bad. Sure it sucks not having that money and it feels like it will never go away but I see the progress I made over the years paying extra. I've done a combination of working OT, having a part time job, anything to help pay it down and it does make a difference.
    • [ – ] JessicaMartwin parent reply It does seem a tad overwhelming right now but I know that if I stick to my plan I will be okay. It makes me feel a lot better when I hear that other people are in the same boat as me. I hate hearing that others are in debt though... It is really unfortunate but necessary.
      • shawnlynn parent reply It helped to remind myself just because it felt like the end of the world (for me) doesn't mean it's true. I had a lot of moments early when I had to take a deep breath and remind myself to just keep going.
  • [ – ] kendrakane reply wait till you are 25 to go to college. i think thats the age they consider you not a dependent and you can get loans
  • [ – ] Dos_Gaming reply Isn't it the best! Now all I gotta do is earn under 20K a year for the rest of my life then I win the game!
  • [ – ] logander reply You will be fine. I actually just read this article about how nurses are awesome candidates for student loan refinancing: http://millennialmoneyclub.com/1962/nurses/ So you're going to be just fine. :)
    • JessicaMartwin parent reply I have looked into that a lot. Many hospitals offer student loan repayment but it usually isn't more than 2 grand a year. I know I will figure it all out :)
  • [ – ] UnarmoredForce reply I got about 10k student loans, living in a country where education is free, but rent is quite high and gotta live somehow. I'm hoping to get my own business started and if it takes off I hope to pay it back with what I make. I think in the US and some other places banks are only out to make a buck out of the students. Though I guess it's not that different to be paying off debts to a company as it is paying taxes to the government, just a different style of society. Hope things work out for ya, I know 10k is stressful so I definitely understand the pressure of 90k.
  • [ – ] ABCDad reply That interest rate is horrible. You should try to get it refinanced after you're done with school. Lots of banks will do that and the interest can be lowered if your credit is good. Either way, don't sweat it. Sounds like you have a great plan in place.
    • [ – ] JessicaMartwin parent reply As soon as I move to Colorado I am going to have my loans refinanced. I was really screwed over because I couldn't work so the interest rate that I was approved for was terrible. Despite my large debt I do have a good credit score so hopefully I will be able to get a good deal with the refinancing. I am not going to sweat too much because I do have a plan.
      • [ – ] ABCDad parent reply Great to hear! Btw, love the vlog. I have mad respect for nurses. My mom was a nurse for 30+ years. One of my cousins just graduated and started working as an ICU nurse and loves it. Keep up the hard work, it'll pay off!
        • JessicaMartwin parent reply Ah gee, thanks :) That is awesome to hear that your mom was a nurse for so long. I bet she was an amazing nurse! It's also great to hear that your cousin loves nursing too. I hope to work in the ICU eventually.
  • [ – ] theoldsparrow reply It's been a long time since I was in university. It was still expensive fifteen years ago but nothing like it is today. Silver lining: at least you have your job nailed down and will be in a field with a reasonable amount of demand for your labor. There are a lot of people that rack up that amount of debt and can't find a job so they end up working part time.
    • [ – ] JessicaMartwin parent reply Oh yeah I know! I am really glad that I chosen a career path that is in dire need of a larger workforce. I will eventually go back to school to further my education so I can pursue the career that I have always dreamed of. I feel pretty good about my situation because I have a plan set in place to pay off my loans. I think that many people have so much student loan debt don't have a plan set in place. So, they just keep accruing interest and the loans can become harder to pay off. I know of many people that have been out of school for 10+ years and are still paying on their student loans. It's just stressful right now when I think about it but my plan makes me feel so much better.
  • [ – ] iiMitor reply lol... I thought you were almost a mil in debt.... title says 90,0000, one too many zeros
  • [ – ] Flying_Purple_Pizzas reply All of that sounds hugely stressful! I hear that millions of people are in the same situation as you as far as debt. This country has failed its people in so many ways. But things will get better! You will find a way to make things work and to even come out ahead. You are a tough cookie and very smart. For now, try to see it as an investment in yourself. You are worth that and more. You are going to be an awesome nurse!
    • [ – ] JessicaMartwin parent reply Awe, thank you so much! I'm glad to see that so many people believe in me. I just wanted to share how I have had a bad experience with the student loan process. If my boyfriend and I follow our plan to the T we should have my loans paid off in no more than 5 years. Living minimally and buying only what we absolutely need shouldn't be too difficult for us because we don't need fancy things to make us happy.
      • [ – ] Flying_Purple_Pizzas parent reply That's the spirit! And thank you for sharing your adventures with us here. It's educational for me to see how others live and the challenges they face.
        • JessicaMartwin parent reply I try to remain optimistic even when it is really hard to do so. I just have to think rationally and make decisions after thinking about the problem for a little bit.
  • Kassandra_Enchantress reply You kids got conned into taking out all that student loan debt. It didn't used to be this way. Greedy men changed the laws, so that students couldn't use the bankruptcy laws like everyone else to get out from under crushing debt. You've been groomed to be obedient little debt serfs to the corpo-technocratic structure. What are they going to do if you don't pay? Put you in debtors prison? That was made illegal over a century ago. You've got my empathy. Good luck. Hope you decide to join the revolution soon.
  • wolfalexzemla reply obama made healthcare unaffordable. he also made college unaffordable. he also added 10 trillion to the nations credit card. democRAT bill clinton signed nafta making good jobs unaffordable. democRAT hillary turned a charity into a child abducting criminal enterprise. LOOK the 50's60's70' were much more conservative and kids didnt suicide over a pronoun. And teachers did not smash people over the head with bike locks for being conservative. YET all these antifa college students think the conservatives are the problem. WOW!
  • wolfalexzemla reply actually you did get screwed. You are the victim of school system that teaches group think over independent thinking. Baby boomers did not get brainwashed by toxic liberal ideology like gen x and millennials. Its going to be hard times for those generations
  • wolfalexzemla reply You did not get screwed over its the path you chose. Did you not make effort to research other options. Your parents are unkind to see you get in that situation. 2 generations who don't understand responsibility.
  • Cennathis reply I studied a Bacholar of Science in Applied Archaeology at the Sligo Institute of Technology in the NW of Ireland for four years. The Fee per year was £1500. My parents combined income was below £41,000 pounds, entitling me to a Maintenance Grant worth £3,000 per year. As an added bonus, the University fee was waived. So, I paid no University expenses. I moved to London to study a Master of Science in Palaeoanthropology and Palaeolithic Archaeology at the Department of Archaeology, University College London. This was a one year Masters and the fee was £6,700. Coming from Ireland, and studying a Masters in the UK meant that I was not entitled to any grants or bursaries etc. This my parents paid for. I don't count my blessing often enough, that Ireland has an imperfect, yet better education structure than the US and additionally I have caring parents (well mother strictly speaking) who were willing to fund my Masters. There is no obligation to pay my parents back and it was never ...morea requirement that I pay them back. Nevertheless, I feel obliged to pay back in gratitude for their help.
  • [ – ] WalkOnBy reply Yours gets paid first and then you monkey branch and he has to pay his own?
    • JessicaMartwin parent reply We are paying mine off first because the interest rate is MUCH higher than the interest rate on his loans. We both agreed that this is the most logical way to go about this.
  • [ – ] kaczan3 reply How's that women's studies degree working out for ya, lol?
  • [ – ] dalestark05 reply great vlog and i wish u the best on paying them Student Loan off
  • CrystariumNet reply Im in a similar situation. Got my degree in astrophysics. Can't find a fulltime job, only adjunct. I get paid less than I did as a grad student. Obamacare mandate means that they have to offer benefits if you go over part time, so we only get 3 classes to teach. Im just literally never going to be out of debt, like.. ever in my life. You're always told throughout your entire life to make good grades, go to college, make good grades, grad school, then get a great job because you have a fantastic education. Yeah, thats not what I experience, and it feels like literally my entire life I've been betrayed and lied to after I worked my ass off for the first 25 years of my life. So I completely understand this, and its why I became a content creator, I know you shouldn't do it for money, but hey my channel is my passion and if earns me a few bucks then every little bit helps right?
  • [ – ] OpulentMiracle reply Sounds like you goofed in picking a school that was too expensive for your means.
    • JessicaMartwin parent reply No, I don't think so. I just had a really bad past few years with an injury so the cost of school and my medical bills became overwhelming.
  • [ – ] HeroicVillain reply I live under a bridge.
  • Valardohaeris41 reply https://www.youtube.com/watch?v=sofR6gCCbRI
  • Mad_Matt_Inc reply Welcome to my world, but you got a way out. I'm 120,000 in debit, and I haven't been able to get a job since 2009. Not happy times. I do what I can to keep my stress down.
  • gumbino reply I'm really worried for my little brother because he will be in the same dilemma as you once he goes to college, I hope I'll be able to help him by then
  • [ – ] DarkQuark reply If I go to a car lot and pick out a car, agree to a price and loan and then take it home but then decide later I want to keep it but it's not "fair" I have to pay for it, would you consider me whiny and silly?
    • [ – ] JessicaMartwin parent reply Yeah I get your point but the system seems flawed with applying for student loans. Just because I'm under 26 I'm still considered a dependent. So, the government assumes my parents are going to pay for my school, which is not the case. So I have to apply for alternative loans and the only rate I can get is 10%.
      • JessicaMartwin parent reply When filling out the fafsa is only asks for my parents information and at the end of the application it shows that according to their yearly earnings they should pay x amount of my education costs. It always ends up being more than what school costs so I can't get the federal loans or any assistance.
  • [ – ] WonderfulDraws reply I am almost sure you can charge you father. I know this would at least work in germany.
    • [ – ] JessicaMartwin parent reply What do you mean charge him? It's my education so I should have to pay for it. Not my parents. Especially since it easy my decision to go to college in the first place. It just sucks because I couldn't get decent loans.
      • [ – ] WonderfulDraws parent reply Yes but it was based on your parents earns. It is supposed that they will help you with the money. I know in germany if the parents refuse to help their kids and let them become homeless they can get in big trouble.
  • [ – ] Brettkeanevideo reply Marriage and College has become a trap.
    • JessicaMartwin parent reply I wouldn't say that personally but I can see how you feel that way. It is nice to hear the perspectives of other people and their reasoning behind their beliefs.
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