I’m right here with you. Went into Psychology but had no idea that I was screwing myself over on loans - I couldn’t afford to continue into a Masters which is pretty much required to work in the field.
About 15 years out and I’m still dealing with the debt for a degree I can’t use and can’t afford to continue.
Please correct me if I’m wrong, but I’ve heard that some people pay the absolute minimum on student loans and keep them for years and years. Some lady I knew was paying like $50 a month or so and she was like, fuck it, I can afford this and more but they’re not getting their money any time soon.
Idk, I don’t live in the states, so I’m kind of wondering how it all works.
So it’s complicated because it depends on what your loans are from - government loans, a personal bank loan, credit union, etc. There are student loan companies, many of which are extremely predatory and if you’re 18 and just being told “you’re smart, go to college”, you have no idea what you’re actually signing up for.
I was told through my teen years that I would “be able to pay my loans back based on how much I make”. This is how government loans typically work. At 18 I was not aware that I didn’t qualify for - so I went through college thinking I was going to pay my loans back based on my own income.
I was very very wrong, and had no idea until my first loan came in and it was literally more than I made in a month of work.
Going to college for a business degree where I’m now working a position that doesn’t require it and still years away from paying my loan off.
I’m right here with you. Went into Psychology but had no idea that I was screwing myself over on loans - I couldn’t afford to continue into a Masters which is pretty much required to work in the field.
About 15 years out and I’m still dealing with the debt for a degree I can’t use and can’t afford to continue.
Please correct me if I’m wrong, but I’ve heard that some people pay the absolute minimum on student loans and keep them for years and years. Some lady I knew was paying like $50 a month or so and she was like, fuck it, I can afford this and more but they’re not getting their money any time soon.
Idk, I don’t live in the states, so I’m kind of wondering how it all works.
So it’s complicated because it depends on what your loans are from - government loans, a personal bank loan, credit union, etc. There are student loan companies, many of which are extremely predatory and if you’re 18 and just being told “you’re smart, go to college”, you have no idea what you’re actually signing up for.
I was told through my teen years that I would “be able to pay my loans back based on how much I make”. This is how government loans typically work. At 18 I was not aware that I didn’t qualify for - so I went through college thinking I was going to pay my loans back based on my own income.
I was very very wrong, and had no idea until my first loan came in and it was literally more than I made in a month of work.