In this economic climate we are faced with the challenge of balancing survival with achieving our dreams. It is possible to achieve your dreams without owing your first born upon receipt of your B.A.
I have a friend--I hope she isn't infuriated if she ever reads this--who admitted to owing $150,000 in student loans. I often use her choices and my choices to illustrate the options we all have to fund our dreams for college.
My friend went to ivy league schools and private colleges as opposed to my choice of state schools: same major, same terminal degree, worked in the same places.
Five years out of graduate school, I had more liquid assets than I had debt. Actually, I could have written a check to pay off my student loans; instead, I chose to purchase a townhouse which is another story altogether. My friend on the other hand with family, children, debt, and a hectic working schedule was achieving her version of the American Dream at a more stressful level than I care for.
Granted, her ivy league credentials have gotten her into realy great positions, but at what cost? For me, the cost of owing more than I could ever possess is just another form of enslavement. You decide for yourself if the price is worth it. You know what you are worth.
If you want to live and work as opposed to merely working to live please plan and plan well. Prosperity doesn't just happen, you make it so through your actions and intentions.
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2 comments:
S.MOORE, class section 4019,
I think that is so true. Alot of people fail to realize that there is some much money out there for college students without them having to take out loans for rediculous amounts.Then have to pay it back as soon as you graduate with all that interest accumulated. True the benefits are somewhat of the same, but on one side you stuck with a super fat bill. I would rather live to work and enjoy what I do and not be miserable thinking about debt.
My sister and I are both college students and she is currently attending a private university. I on the other hand am chosing to go to a school that offers programs to help fund my way through school. she always gets on me about not getting so much help and doing it on my own. I often go back and forth with her about getting as much help as you can because its hard enough as is to stay focused and finish school. she has alredy collected debt from student loans whereas i havent even thought of possibly haveing loans. debt is stressful enough and it isnt something i want to see on my exit from school.
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