A few days ago
shawnluvsmoniq

are school loans really screwing you over?

i looked at my school loans…..i borrowed like 3 or 4 thousand….and ill end up paying approx. 10 thousand back in the end….am i being screwed there?? is that about what everyone pays back?? i only went to school for 1 semester and couldn’t afford it so i quit going. does everyone pay 10thousand for every 3 or 4 they borrow? if they are i think thats insane banks screwin you over from the beginning of your adult life. and its not like they aren’t gonna get their money the govt will take it straight out of your check or your tax return so why isnt everyone automatically approved for a student loan? does anyone else think this is wrong??

Top 3 Answers
A few days ago
williamdefalco

Favorite Answer

Student loans are a necessary evil. They help you towards obtaining a career where you should (in most cases) be making thousands of dollars more on a yearly basis for the rest of your working life. But the loans also come with interest accruing on them, and if you’re not smart on the type of loan to get then certain loans (such as a variable rate loan) can really end up hurting you. You’ll still get a good paying career out of your loans, but you would’ve just paid more for it.

In my case I took out as few loans as possible (fixed loans), totaling $3,000 total for my entire schooling, and I instead paid for everything myself. It meant working my butt off every single semester, and it meant humiliatingly having to live at home throughout the entire venture, but it was well worth it as now I’m in a successful career and I live in my own residence.

Just keep at it and definitely keep going to school to finish it. The worst thing would be you dropping out, so now you would not only have thousands of dollars in high-interest rate loans but also no high-paying career to take advantage of. Hope this helps.

0

4 years ago
?
appears like your training is coming alongside particularly nicely. in in basic terms 2 years you got here upon something you probably did no longer decide to be. Many spend two times or thrice that long doing an identical difficulty. and you basically spent some grand doing it. an entire year at college could have been plenty greater extreme priced. Get a job, repay the commerce college. Then save the job and initiate off saving for the Anesthesiologist training. by ability of the time you have adequate to pay for the 1st year’s courses you are able to or won’t nevertheless decide to pursue that direction. yet you would be waiting to decide for something and pay funds for it rather of going into debt. seek out scholoships for that traing. There are scholarships for each little thing and an excellent variety of of them pass unused each year. lots of them are for quantities under $1K yet once you get adequate of the babies you have got a tremendous number of your training paid for without very own loan fee waiting for you on the different component. once you’re finally waiting to return to college, save your direction load down adequate to permit preserving the job to pay on your residing expenditures and save up for the intending words instructions and you would be way past to the recreation. existence is a protracted-time era deal. shifting right into a rut early on, just to get it over with, may be an high priced lesson, as you have already found out. yet there are continuously do-overs. cling in there.
0

A few days ago
Michelle
I work for a student loan company.

Do you have private of federal loans? Federal loans are always the best option with a lower rate. Just make interest payments while in school while you can it will really help alot.

0