So I'm not currently in school right now, although I'm on the books. This is because I'm buried in debt. In order for me to register for classes and get rid of my financial hold, I have to pay my college $11,000.
$11,000! I could buy a car with that, or invest. Or something. Anything really.
Of course, this is all on top of the $90,000 I've already spent. And even with that big old loan building up, I still have at least a YEAR of college left! That's another 30 grand at least.
Now I've tried to use mostly federal loans, like Federal Plus, or whatever so I can bank on my parents co-signing with me, but I've run that dry because banks don't trust me anymore. I've turned to places like Sallie-Mae, and Wells Fargo for private loans, and those are the ones that I'll end up paying 3 or 4 times as much over the course of my life in order to pay off. That $11,000 loan I need to take out will end up costing me $30,000, at least, by the time I finally pay it off.
The only promise I have is the rumor that federal loans can't take all of my property when I can't always afford them. I think they can only take 10% of your income, but I could be wrong. The private loans however, they can go to town on you.
You know that in this country, there is more Student Debt then Credit Card debt? That means more people owe money on their college tuition then the entire population does on their credit card purchases. That blows my mind!
I guess I really just hope the financial world collapses before I have to pay it off. I wouldn't mind a road warrior life, would you?
If you had to be a road warrior, what would you use?
Me: A reinforced jeep with a hatch on top, with chains, and hooks to grab onto the people I'm fighting.