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#1
Aug 05, 2009, 01:33 PM
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I go to a Private School, and it is very expensive. Even though I have some good scholarships, it is still a burden on my mind. I just applied for my loan yesterday for the 2009-2010 year, and the stress is coming back. How am I going to pay this off? Am I just getting myself into a hole that will ruin my life after college? I try not to worry about it and just focus on the present, but my mind creeps up on me once in a while when thinking about loans.
How do you deal with the stress of student loans? |
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#2
Aug 05, 2009, 04:11 PM
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My only way of coping is to think that I went to Uni for a course which would lead me directly into a well paid job, and one that is always going to be in demand. I hate anything to do with money, I hate to take a penny off of anyone and the thought that I'm in my overdraft (even if it is interest free) fills me with a horrible feeling. I think as long as you are going to university/college for the reason to get the job or career you dream of then it is justified. These things are necessary and if it makes you happy otherwise then I see the temporary debt as worthwhile. I tend to put it to the back of my mind, occasionally panic about it, but then realise that student loans (well here at least anyway, england) are repayable at a relitively low interest rate. For me not having a student loan wasn't an option and I'm glad that I took it in order to make my life better. |
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#3
Aug 05, 2009, 05:40 PM
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Think of it as making an investment in your future. I'm sure hubby and I will be in debt until the day we die paying for college loans for our children. It's a burden that comes with a lot of stress and anxiety, but I can't think of a better way to spend my money.
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I've been married for 24 years and have four wonderful children. |
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#4
Aug 20, 2009, 02:10 PM
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#5
Aug 20, 2009, 03:51 PM
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One thing that helps me with such stress is remembering that it doesn't have to be done all at once. Don't get ahead of yourself, worrying about paying off loans before you even finish your schooling. I think of it kind of like worrying about graduating and getting a job when I'm only a freshman :-) Time and work and our own efforts change things so there's no reason to worry about the "future" as we can't possibly know what it will look like; we're not there yet. Only work to solve the problems in front of you now.
Congratulations on putting together a scholarship and loan package so you can go to school for the next year; that in itself is a great accomplishment! Give yourself credit for that and then concentrate on learning the material you're presented during this next year. It's all right to imagine how things will be, what information you might need to learn but it's not all right to worry about it. Just do the best you can right now and let the future with its new/different problems arrive when it does, a day at a time.
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"Never give a sword to a man who can't dance." ~Confucius |
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#6
Aug 20, 2009, 04:00 PM
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I completely, entirely, totally understand being stressed about student loans!!
 I'm stressing about my financial situation right now actually...But you've got to remember, that the average student can have anywhere between $20-$50K in student debt. It's because school IS expensive. But you will be able to pay it back, because they usually have some sort of manageable payment plan to deal with whatever you owe.
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