I calculated what I'd need to make for a yearly income to healthily afford my student debt. It's about 15 thousand more than what I'm making now. WTF? This calculator doesn't need to tell me that I have a hell of a time making ends meet every month, but seriously, I've never thought that you need so much money just to afford an education.
I've said before, my student debt burden equals that of a small house or condo. Why do people in my situation get ignored when it comes to cutting privately loaned interest rates? Congress and Senate bills are being pushed through that will lower interest on mortgage loans to 3% and allow people to stay in their homes even if they default.
I'm working, paying my loans back (barely) and I haven't heard anything about these people coming to help me out. Working in public service roles for 10 years and having federal loans forgiven is a nice thought, but public service jobs are either ridiculously low paying or bureaucratically stifling creativity killers.
My generation graduated into a shit (excuse my language) economy. I had a terrible time finding a job. I know previous generations (not the past two though) had it tougher and made it through. I'm making it work and constantly scheming how to do better, but there's got to be a better way out there, no?
I feel a literary piece coming out of this.
What do my readers think? I'll listen to those of you who have student debt, whether little or small and even to those of you who didn't have to borrow for college. I just want to know that I'm not crazy for being bitter about getting fleeced each month.
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You're not alone, unfortunately. I could afford lots of things with the cash I'll have to pour into student loans. But I took the easy way out - avoided repaying them by going back to school *evil grin*. Of course, I'm taking out loans to avoid the other loans, so who wins out here? I always hear that student debt is like an investment, and while I don't totally disagree with that, I think it's more an investment in the government than in my future. Whew! Glad I got that out.
t.
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