All posts filed under: student loans

10 Reasons Why You Should Get Rid of Your Student Loan Debt Quickly

It’s funny the things you remember when you are younger, which at the time you feel have no significance. I remember sitting in my Grade 12 calculus class, it was the final semester before high school graduation. By then, everyone had picked out their schools and had either been accepted or not. The feeling of independence, a sense of accomplishment and the eagerness to experience college/university life had filled the classroom. I then distinctly remember my teacher talking about how we would all probably need to get a student loan to attend post-secondary, how he just finished paying off his student loan last month and how it took him over 12 years to pay off. Although I did not have any understanding about personal finance back then, there was something really depressing about his comment. Granted he wasn’t an old teacher. He was probably in his early 40’s but when you are 17-18 years old….that’s old. I remember thinking to myself, 12 years to pay off a student loan, that’s crazy. He never told us…

5 Things You Should Know About Student Loan Debt

When I think back to when I was in Grade 12 gearing up for university, it seems so long ago. Who knew the decisions I made then regarding my finances (and some that where inevitable due to my circumstances) would continue to impact and shape me as the person I am today. To save future post-secondary students or current ones from getting into more student debt than they need to, I have compiled a short list of what I learned from incurring so much student debt. If you have to take out ‘more’ student loan to complete your undergraduate degree outside of your hometown, it’s probably a bad idea. I understand that some students would like to go to a school outside of their city because it’s well known for the program they want to take. Others may just want to leave the nest egg. However, in most cases the added debt needed to finance this decision exceeds the economic benefit they actually get once their out of school. This was not an option for…

Am I Too Young To Be So Bitter?

Originally posted on Am I Thirty Yet:
A few weeks ago I went to my friend’s graduation. I’m one of those people who tends to cry at everything. I can’t even watch 95% of the commercials they air these days without a box of tissues on hand. So I warned my friend that I’m probably going to tear up at some point during the ceremony. Graduations can be an emotional thing and I just knew one of those speeches was going to get to me. I couldn’t have been more wrong. Sadness was the last thing on my mind. If I was going to tear up, it would have been from laughing so hard. I laughed at most of the speeches. It was either I laugh or scream with rage. Anger. That’s the emotion I felt the most during the graduation ceremony. I graduated from college over four years ago. I owe a ton of money from student loans that I haven’t made a dent in. I am incredibly underemployed. It turns out I am way too…