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.
I took the same kind of route but in the UK - same issue of no work. Luckily I escaped to China which solves most of the issues along with a fabulous lifestyle and loads of happiness.
If I had stayed in the UK I suspect I might have eventually acquired a half ok job and lived the rest of my days in slavery to low earnings as the student loan was repaid.
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.
I also took a Stafford Loan and own five figures, too. Still no job. It's a tough economy. A Stafford Loan is still better than a private loan that could jack up the price on you without notice.
However, best not to put yourself in extra debt without being able to pay for it. Spend more time highlighting your potential as an employee or make money online.
I echo what others have said. I regret getting into such heavy debt ~ it is very stressful in this economy.
by Angelo 2 years ago
I am on a debt-free journey and student loans make up the bulk of my borrowings, therefore, I am interested in creating an open community-based forum that discusses ways of coming up out of debt. Inspire someone to tackle the burden by sharing your debt-free success story. Query ideas for...
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Can i get a student loan or grant before i go to job corps?Im going away to job corps in north carolina and need to know if i can get a student loan or grant.
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What are the alternatives to a student loan?
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Do you really make more money with a college degree these days?
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What do you think should be done to fix America's student loan crisis?What do you think should be done first to try to alleviate this huge problem? Is anyone in particular to blame?
by Mark Shulkosky 7 years ago
Should parents cosign for a student loan?A recent hub discussed the problems college students and graduates are facing with student loans (http://davenstan.hubpages.com/hub/Ameri … dent-Loans). Parents want their children to do well and will make almost any sacrifice for them. ...
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