Help Debts

Posts Tagged ‘rest of my life’

I really want to go to Azusa Pacific University this Fall, but sadly my financial aid package was less than desirable. APU is an expensive school, roughly ,000 a year. They awarded me a ,000 grant, which along with my Pell Grant of ,800 still leaves me needing to take out about ,000 in loans.

If I didn’t go to APU, I would have to stay home and go to my local state university for around ,000 per year. So, I’d be pretty much debt free if I stayed home.

However, I really want to go to APU. I love the school, I love the people, and I want a great college experience. I want to meet people who share my values and make friendships I will carry with me for the rest of my life. I like their science department, it’s small, the professors are really awesome and I think I could get great research done and recommendations for grad school. If I went to APU, I would be doing a semester abroad this Fall in Yosemite National Park, which is a once in a lifetime experience. I would be learning in the forest with a small group of students and professors. I feel like I will regret it if I choose to just stay home and commute to my lame-o state university.

Is the debt worth it? I want my life to be full of rich experiences and amazing friendships. I want to be in a place where I feel like I belong, but I also don’t want to completely regret it once I’m done and am drowning in student loans to pay off. Do you think it’s possible to pay them off once I finish graduate school? Any advice?

I really want to go to Azusa Pacific University this Fall, but sadly my financial aid package was less than desirable. APU is an expensive school, roughly ,000 a year. They awarded me a ,000 grant, which along with my Pell Grant of ,800 still leaves me needing to take out about ,000 in loans.

If I didn’t go to APU, I would have to stay home and go to my local state university for around ,000 per year. So, I’d be pretty much debt free if I stayed home.

However, I really want to go to APU. I love the school, I love the people, and I want a great college experience. I want to meet people who share my values and make friendships I will carry with me for the rest of my life. I like their science department, it’s small, the professors are really awesome and I think I could get great research done and recommendations for grad school. If I went to APU, I would be doing a semester abroad this Fall in Yosemite National Park, which is a once in a lifetime experience. I would be learning in the forest with a small group of students and professors. I feel like I will regret it if I choose to just stay home and commute to my lame-o state university.

Is the debt worth it? I want my life to be full of rich experiences and amazing friendships. I want to be in a place where I feel like I belong, but I also don’t want to completely regret it once I’m done and am drowning in student loans to pay off. Do you think it’s possible to pay them off once I finish graduate school? Any advice?

I am in my mid-twenties, and I am attending an expensive university in Southern California to get my Master’s degree in Clinical Psychology.

By the way, please excuse me if I use financial terms incorrectly…I’m really unfamiliar with financial terminology.

I am originally from Canada and am a home-owner in Calgary, Alberta – my parents sold their large house when I was 20 and bought another house for themselves and build a smaller house under my name. I am technically a property owner. They did this so that I could get a substantial loan for university.

My property assessment in 2008 was 6,000 (Canadian funds).

I received a loan of 0,000 (Canadian funds) in October of 2008.

I recently spend a large amount of money (,500 US) to put a family member through alcohol treatment. I realize that is really expensive, but I tell you, it was worth it to see this person sober. However, that was basically 1/3 of my loan.

My schooling is costing around ,000 US for the 2 year Master’s Degree. With rent, utilities, living expenses, plus everything I needed to buy when I moved down here from Canada (furniture, etc), I am running out of money really quickly. I’m working on getting an ,000 (Canadian funds) line-of-credit from a Canadian bank with my parents’ help.

After the economy improves, I would like to sell my house in Calgary (say, within the next 5-7 years) so that I can begin my life debt-free. My parents want me to keep the house so that I can have some sort of collateral/assets (?) in the future. I am arguing that the house is not really "worth" anything because I have loans that are 0,000 + interest. I really don’t want to spend the rest of my life paying off student loans if I don’t have to.

Any advice??

Thank you so much in advance.

~K
The first poster is right, it’s not a student loan. I was mistaken when I said that at the end.

Also, I am renting the property in Calgary for 00 (Canadian), which is around 00 US.

I don’t really anticipate moving back to Calgary. I love Canada and miss it a lot, but I can’t take the winters…lol. It does get warm in Canada, but not as warm as So-Cal!
Also, because I’m here on a student visa, I can’t legally work in the States until I’m finished school, except for working on campus (and I can only work 19.5 hours/week.). I checked and there aren’t any jobs available right now.

To be a Marriage and Family Therapist in California, I need 3000 hours of clinical work experience (which I will most likely be doing for free), so even though I could potentially work on campus, I would like to focus my time on getting my 3000 hours.

I’m 17 and from California. I’m originally from IReland though but moved to California when I was 8 so I always wanted to move back. I applied to colleges there for the hell of it and finally just dcided to go to college in Ireland. Problem is I have to pay international rates. 6k a semester. 2k for housing per semester. So my parents have taken out loans for 8k and spent lots of money sending me over here. and that’s just for the semester. I’m only 17 years old. In a different country by myself. I think I just had a reality check. I don’t want all this debt after graduating. Why didn’t I go to college in California where it’s basically free in the state schooling system and I could probably get a better education anyway.

But now my entire family over here is so proud and happy that I’m here. and my dad is so glad because I got out of California and he hates California he’s only there for work. And he’s so proud of me and is telling everyone how great his son is that is going to college in Europe by himself. Oh god……..

I really don’t want this debt. To already be 8 thousand dollars in debt at 17 years old that’s horrible. I’ll be a slave to society for the rest of my life then.

I’ve only been i ncollege for 3 weeks. I asked the fees office about disenrolling and they said if I was to do that majority of the loan would be returned to the lender but I’d have to pay for the equivalence of time I have been enrolled. So that would probably be like 1 thousand. I wouldn’t get my housing deposit back. So I’d still be 3 thousand dolalrs in debt but that’s a lot better than 8k. Then what I could do is get a job and live with my grandparents. I could apply to a cal state for fall of ’10 and work off the 3k here in Ireland for the enxt year so I’d be debt free going into college.

MY grandparents would still get to see me. But I don’t know what my dad is going to think. He’ll either be happy that I’m smart enough to not want debt or so angry that I wasted his time and money sending me over here.

What should I do? I will feel like a total loser disenrolling but you know what I can’t stick this debt and I can go to college enxt year when I’m 18 after all I’m only 17 years old for christ’s sake.

Please give me some advice. Thank you.
I would feel even worse if my parents paid for me.

I can’t finish the year ebcause next semester will be another 8k and that doesn’t even include living expenses.

I got accepted to the 2 schools and don’t know which one should I choose.
Originally I want to learn how the field works in US, do research, learn practical skills and bring some new ideas home, but I found the tuition too high and may have to find jobs in US to pay the loan. I am not an American and if I work in my country to pay the bill I will be in debt to the bank or my relatives for the rest of my life.)
I have asked people in TAMU and they give good reasons to study there:career changing leveling classes, (I am a career changer),low tuition, high quality education and high employment rate in Texas.As for Cornell,they don’t know much except for good reputation, so I have to ask others .I truely like the research resources in Cornell, but away from home for 3 years and work for 2 years to be debts free as a most ideal scenario is a bit too much, The new ideas might be outdated then, not to mention the duration might lengthen. I will appreciate your advice.Thank you.

I’m a little lost here. I’m 36 SWM and just feel like crap all the time. I used to exercise all the time, but don’t any longer and now I’m about 6′ 195 lbs. This isn’t my only concern, there’s a lot of things that bother me. I only owe 47K on my house. I still need to do a lot of things to finish it. It will be worth about 225K when its done. I say another 20K into it and it’s done. The trouble is that I owe 14K on a credit card and just don’t seem to be getting the things I want in life. I was a Pharmacy major in college, but put Pharm School off because it’s only full time plus some of my classes are a bit old and they may make me retake them. My job is not bad, but it’s not what I want to be doing for the rest of my life. This is what I’m thinking of doing. I want a new little black convertible, I want my teeth fixed. I’m talking 10-15K in veeners, I want my house finished, I want to get back in shape and I’m thinking of going back to school and getting a masters in computer science. Something I enjoy also. The thing of it is, is that I don’t want to pile up a bigger debt. I was thinking of finishing my house and renting some rooms to students. This would get me around 750 – 800 a month extra. All in all, I’m just lost and feel like crap. Should I refinance my home for 100K and get everything I want of just hold off and wait the years out until I can get the money? Should I rent rooms? Should I go back to college? I make like 47K right now, but at this point everything extra is going towards bills or fixing my house. I was locked up 6 months in prison for a second DUI and seem to be spiraling since then. But when
I was sitting in that 6 x 9 I told myself that possesions didn’t matter and I would just take chances and live how I want to. I would take a loan out, finish my house, fix my teeth, by the car I wanted and go back to school. However, once I got out, and find myself doing the same thing as always. Spending little attention to what I want and focusing more on making sure everything is paid and creating a debt free future for myself when I reach about 50. Who knows I could die at 50 no one knows. So anyhow, should I just say screw it and get the things I really want or should I continue work towards a debt free 50?

could you please help me find solution to be free of debt? what can I do in a daily basic to be free of 40,000 $ debt. I feel like I am trapped for the rest of my life with this debt. I have 2 kids, no saving, I just realized that I need help to clear this debt. Yes I make a nice salary but the debt amout is way to high to pay it without sacrifying my kids life and happiness. Please help, I am crying to you for your advice or anything usefull to help me free myself. thank you all for your comprehension and not insulting me