Want to know any progressive mid-life people who had used this avenue to further education in order to elevate job opportunities. Of course, I need views on people who does not rely on a "pot of gold." Best to hear from women.
Yes. Five years ago, I lost my job and went back to school all on student loans both federal and private. Now have a BS, can't find a job in my field, or any other job that pays at least $10. hr., and owe $80,000. in student loans. I'm 61, they'll tap into my SS when the time comes. My advice? If you can't pay for classes one at a time with cash, don't do it. It'll take longer but you'll be glad you did it that way. They expect me to pay back almost $1000. a month (before the new consolidation law takes effect, which I'm waiting for) and I'm already in default only 4 months after graduation because the last term I only had one class which is not considered 1/2 time enrollment. They considered that entire term as part of the grace period for paying back the loan.
I lived my entire life, up to this point, debt free. Now, I'm saddled with this. It's my own fault.
Thank you for your enlightment, couturepopcafe. Funky name by the way. Sorry to hear that you are having a difficult time getting a job that matches your BS. I'm researching the rewards and consequences that's why I want to hear from other women like me who want to improve their lives. Look at your education as a turning point, not so good to look right now financially, but keep your hopes high.
Good to know you are able to solve it in another way. Does that mean you were able to pay it off easier? I could see that the cost of living is cheaper over there and if you are earning more than the average person, then you would enjoy a good life.