If going to college puts you in major debt, whats the best way to get out of it?
My family is sacrificing a lot by sending me to college and of course I feel guilty. I feel pressured to try my best and excel as a student, but doesn't everyone? Financial assisntance is part of the road to success and if going to college doesnt pay off the debt that it may put you in, can it really be worth it?
Treat student loans as any other monthly payment. Make sure to mark your calendar for when the loan payments are first due. This will almost always be after you've graduated. Work on saving money while in school, even if it's just $10 a month, because this will give you a bit of money to work with once you graduate and have to pay for housing and loans as well as other expenses. Planning for what future costs you'll incur will always alleviate stress overall.
Sophie recommends the following next steps:
- Make a calendar of fiscal requirements over the next four years and try to plan where the money will come from and when you owe repayments.