Frustration Setting In
So, I have been sitting here for the last hour thinking about our debt… of course. I am just so confused and frustrated. The more debt blogs I read the more inspired I get yet the more frustrated I get. I have not come across a lot of blogs who have as much debt as we do and if they do, it is because of a mortgage. Many people have large credit card debt, medical bills, and so forth in addition to student loans and still do not have as much debt as we do. I know I have not broken down our debt yet because I am still waiting for a final number however, aside from a car loan it is all student loans. Mind you, we both only have our Bachelor’s. We don’t have a Masters or some PhD.
It took me 5 years to graduate because I switched degrees half way through. I also participated in a National Student Exchange program where I went to school in a different state for one year. I had to take out a little bigger loan because I stayed on campus that year. I graduated with upwards of $50,000 in debt. I never took out anything extra just for living (aside from that one year) and still $50,000 for some little University in Minnesota?!
My husband graduated in 4 years. He went to a private school which I understand costs more. He stayed on campus all 4 years, never took out more loans than he needed. I would say he graduated with upwards of $80,000 in debt. For four years! From a University with a super large percentage of guaranteed jobs upon graduation. Now look, neither of us are using our degrees and we are both in the military. I would say we make pretty good money together. The military is what brought us together and has changed both of our lives for the better, so I am super thankful for it. And think, if we would have joined right out of high school, we would be higher ranking and make more money with no student loan debt. Argghhhh! Now do you see why I am frustrated?
Reality is we did go to college first. We both had a blast and gained valuable knowledge and experience in addition to the student loans. I like to think our age and experience is beneficial for where we are in the military. I guess the point is, we finally acknowledged we aren’t in the best (nor the worst) financial situation but it is time to do something about it. We can’t sit and complain and think “what if,” we just have to do something about it. I am so thankful for our friend introducing us to Dave Ramsey’s book. If i hadn’t read it a month ago, I probably would have went on a shopping spree this last weekend and be planning the next trip I can take.
I am still curious though. For those with a lesser amount of student loan debt, what did you do? Did you receive grants? Scholarships? Did you work your behind off in college and pay it as you went? Did parents help you out?
Neither of us received a single grant because our parents made “too much.” I received a couple really small scholarships. ($100-$1000) Looking back, I wish I would have looked harder for scholarships. I also worked part-time the whole time and I could have easily put money towards college; however, I was always planning for the next trip. I traveled a lot in college. I made some great memories. I can’t look back and say I regret that. I haven’t been in my home state for 3+ years and I still talk to my best friends from college almost every day. Those are my people and I firmly believe will always be my people because of the adventures we had in college. I am not sure we will ever make that good of friends moving around in the military.
I am really curious about your answers though. How did you skate by with a lesser amount of student loan debt than us?
Use the comment section below 🙂
Finally I can stop thinking about this and enjoy the rest of my night! Thanks for letting me vent.