Today I'm ticked off about my student loans.
Well, for the past 4 years I've been ticked off about my student loans.
When I joined my nursing program in 2002 I had little help from grants. The 2 years before I decided to go to school I worked my tail off. I had 2 jobs and my average work week was between 80-90 hours a week.
What does this mean?
They figured I didn't need any financial help because my income was well above the poverty line. What they failed to realize that going to school would cut into my work week. I kept 2 jobs for a while and went to school full time. I was exhausted. I had to let the part time job go and dropped to a 40 hour work week.
I was poor, buying groceries with Mr. Visa.
In my nursing class about 1/3 of the girls were on government programs. In order to get out of the system they offered these girls a free education which also included free daycare, uniform vouchers, rides to and from class. Excellent idea, but not one of them took the program seriously, not one of them passed their boards, not one of them are currently working as a nurse.
Wasted money.
Two-thirds (65.7%) of 4-year undergraduate students graduate with some debt, and the average student loan debt among graduating seniors is $19,237.
Medical school graduates carry an average of $130,571 in debt.
The average law school student graduates with nearly $80,000 of debt just from law school.
Student loans give everyone the opportunity to follow their dreams. I still can't help but wonder if there is a better way award the hard working people who have proven their dedication to their careers. I will pay off my student loans about the time I retire.
(I'm exaggerating.)
But the excitement I will feel when they are finally payed off will warrant a huge celebration.
~Nursey~
I got them too - student loans - did you get the reduced rate? Check with Sallie Mae and see if you still qualify for the reduced rate?
ron
PEL Grant paid for half of Hubby's daughters schooling. Thankfully she only did a 2 year college or her loans would still be owed when she expires. She graduated 13 years ago and she's still paying. I think she has one year left. The thing is, she's not doing the job anymore that she went to college for. However, she's got a better paying job because she has a degree, even though it isn't in her current field.
Sherry
Over here we have HECS. It's like a loan where when we start working the government take payments out of our wages along with tax and we pay it off that way. I don't think we start our payments till we're earning something like 42 - 45 thousand a year. Is that what you're talking about?
ps... how you doin?
~Sarah~
I know what ya mean about these people on welfare. There are many of them around here who have gone to school and won't get out and work cuz they don't want to start at the bottom. They think they should get a real high paying job just they went to school.....big whoop! I get so frustrated with people like that. Sets my blood to boilin' sometimes!