Two Things I’ve Realized About My Student Loans

You may or may not know that in the United States, you must pay for tuition and housing up front in order to attend a university. This means that you either are very rich, have a great story for a nice scholarship, or you take out loans. (Or maybe two of the three. I don’t judge.) I was lucky enough to have the scholarship for my undergraduate degree, but my graduate degree was financed entirely through scholarships and loans. I even got one of the largest tuition scholarships offered at my institution that year (I’m a smartypants), but in order to afford the remaining tuition and life in Chicago, I had to take out about $90,000 in student loans at between 3.0% and 7.9%. There is no way out of this debt other than death. Or total incapacitation, but sometimes even that’s not enough. And let’s be clear: I did not take ANY private loans, which are even more difficult to pay back. All of my loans were disbursed by the federal government. Read More Two Things I’ve Realized About My Student Loans

Broke And Overeducated

The other day, I noticed that I had an email waiting for me in my inbox titled, “Loan Management Made Easy” from Fedloan Servicing. Throughout my time in school, I have been successful in avoiding any messages, email or snail mail, that have to do with my student loans. Until this dreaded day. Read More Broke And Overeducated

Our Bank Accounts, Ourselves

For the past two years or so, I’ve been putting a lot more effort into money management. While my bank account is by no means where I want it to be, and my habits are far from perfect, I feel like I’ve finally gotten to a place wherein I believe that I’ll be able to achieve my financial goals. And from that place, I’ve begun to see that getting out of debt and spending wisely isn’t so different than ending emotional eating (or emotional not eating) habits and getting to a healthy weight, something I have a lot of experience with.

Read More Our Bank Accounts, Ourselves