College Aid Loans: Is there any Freedom from them.
Tuesday, October 23, 2007
When I was coming out of High School I was told College was supposed to be the best years of your life? I was always told that going to school will help you get a better job. I was never told that it could be really really expensive. I thought I would graduate high school and go to a big school, never worrying how much it would cost and live the college life. I figured that I would be able to get a lot of Grants and would of liked to try to get a scholarship. Was I wrong, I did get some grants but when I started I was not really sure what field I wanted to go into. I started down the path of education. Some of the classes were easy, but some of the material I was not understanding. Also, Coming from a small high school I was over whelmed. I didn't know anybody so I lost my drive to go to class. I ended up sleeping through classes and dropping class to take fun thinks. Finally it caught up to me.
Well if you miss to many classes they give on NO financial Aid. What I was not told was you have to attend a certain number of classes to get the help. The only thing that I knew was that I ad to have a certain GPA to keep it. Another thing they do not tell you is that if you drop a class it is counted against you also. So, being on Financial Aid Termination I was unable to play from my classes.
I had to take out a college aid loan through the bank to pay for classes. I was told that this money can be used to pay for books and supplies, They also do not tell you that you have to pay the interest every year. I used this money to go back and take the fun classes again, which did not help me get to the correct career path. It left me in big debt.
So I final make a decision to go to a littler smaller school, that was more expensive. Once again I used all the money I could from my first loan and grants and seemed to be enough for one semester. So once again I had to take out loans, this time they are federal loans, so you only get a certain amount. Plus, you get the extra cash if you have a bill that is all paid up. That is not told to you. So once again, finally have a college degree, but bigger loans to pay off. Also, one of them has interest building up on it that they do not tell you about.
Did you know that 8% of graduating seniors carried student loans of $40,000 or more in 2004, according the Project of Student debt. That is really scary that people are starting there career already in debt. So if you are starting a family you already have debt for the loan, plus you have a house payment or rent, and bills and if you plan to have kids there expensive also.
So the question I have is what do you do? Do you not go to school? Is there an easier way to pay them back?
Name: SportsDork36 Home: IL, United States About Me: I am a 30 year old sports nut. Think you know more than me, I will prove you wrong! I have a wonderful beautiful wife who I have been with for 8 years, married for almost 4. She is amazing. We have 3 beautiful children who are our world. I work in healthcare in the computer world. I have my associates in computer science, working towards my BS in management. I volunteer my free time as an assistant coach for highschool basketball, hope to be a head coach one day. See my complete profile
