Looking at debt accrued after undergrad and the amount I racked up in grad school I can’t help but ask myself one question. “Why did I take out so much in loans?” To live? Well, I had a full-time job, but shoot I wasn’t making NO MONEY!
The only time I get upset about my student loan balance is when I receive that dreaded letter that states that my debt to income ratio is too high. I get it! I should have been more responsible in grad school. Thanks for the constant reminder!
My advice to you when it comes to graduate school, be sure it’s really what you want to do. Don’t waste time or money. Research scholarships, paid internships, fellowships, and you don’t have to accept all of the loan money that is offered. In grad school there is no option of Pell grants, so don’t bank on that money!
Do I regret anything? I don’t regret the education. I will admit that I definitely mismanaged that money. Whew! I can say I learned so much in my 20s! Lessons…Learned!
One of the best decisions I made with that money was investing in my education, and neighborhood. When I was laid off from my full-time job while in grad school, I had to use the remainder of my refund check to live. It was important that I lived in a safe neighborhood, because every single woman should invest more in their living situation vs clothes!
Even though I paid the price for grad school there is one thing I must remember. No one, I mean no one can take the education, experience, and relationships that were formed during that journey.
I may complain or joke about what in the world did I do with all of that money, but at the end of the day it was one of the best decisionsI could have ever made. Graduate school taught me the meaning of perseverance (to learn more about the journey check out my first post). Do I have to work a little harder to pay those loans off? Absolutely. Do I stress about them anymore? Nope. As my dad would say, “hey you pay them somethin’ and don’t worry about it.” The money will come, and they will be paid off soon enough!
Are you thinking about college? Grad school? As I stated before be sure to do your research, and have a plan in place. The plan may change so write everything in pencil instead of pen! 😉
Until next time!
Don’t forget, I’m just an email away (firstname.lastname@example.org)! To connect with me or share your feedback you can tweet me @Steelelens