“When I was a few months away from finishing high school my mother told me either I go to college or I had to move out. Rent at the time in Anchorage Alaska was $1000 a month for a one bedroom. At 18 years old and never having a real job before my only choice was to sign up for $40,000+ worth of student loan debt. 6 days after finishing high school, before even getting my diploma, I signed on the dotted line. I never felt like I had a choice I didn’t even know what I wanted to do with my life. I worked full-time in order to pay for my car insurance(her car), books, food, phone etc… After 2 years working full time and going to school full time. I wasn’t even able to get a job using my degree because the school was giving out to many degrees without jobs even being available, although they promised they would help us find jobs they didn’t. I started paying $351 at 20 years old after a forbearance period of six months I had to pay $521 a month at the age of 34 I have been able to get it down to $8,500. I have never used my degree. My husband who is a high school dropout and truck driver earns more then I can so I’m now stuck being a stay at home mom because the cost of daycare and the loan makes it impossible for us to get ahead even a month. I wish I would have been taught about student loans because I never would have gone. Also my mother wasn’t around when I signed the papers. Only the school financial officer who told me a student loan was a great idea, my mother couldn’t be bothered to go with me.”
Jeanetta7532368 via Apple Podcasts ·
United States of America ·
05/28/22