- 5 years ago
- Wedding: August 2014
I’m about two weeks out from graduating with my Bachelor’s in Psychology.
This should be an exciting time right? Well my student loan exit counseling just put a damper on things.
My plan always has been to go on into a minimally a master’s degree and hopefully eventually a PhD program.
However, since getting married, renovating and buying a house, and trying to graduate, my GPA has fallen to a 3.1 so any luck of getting into a PhD program with funding is pretty much not going to happen and basically any master’s program I’m sure I won’t wind up getting any scholarships or grants.
From what I’ve read up on, counselors on average make around 30k a year starting out, with a master’s degree.
Initally, I was in love with an a dual counseling/art therapist program, however it was 60k. Knowing this is an absurd amount for what I would get paid, I passed up on my dream job. I figured I’d try for a cheaper program in counseling that’s about 20k. However, after checking out my student loans knwoing i had 40k in private, I did not realise my government loans were at 30k until last week.
Basically I’m 70k in debt for my bachelor’s degree. That’s bad news as it is.
My husband has no student loans (parents paid for everything). We have no credit card debt. My car is paid off and my husband only has maybe two more years to pay on his car. So that’s the only good news. Initially we thought when I graduated with my master’s I would have around 70k in loans and we agreed that we would just live off his salary for three or four years and I would pay the debt down as agressively as possible so that we’d be debt free by the time we decide to have kids. Now I’m not sure what to do.
I don’t know if I should just try to get into a program and go part time so I can work full time and pay for it as I go, or if that’s bad because I have loans sitting there collecting interest? Should I work full time and just pay my loans down as aggressively as possible, but still attend school and take out loans to cover the tuition? Should I just put this on hold until later in life? The thing I’m struggling with most is that I would like to get into the career I want while I’m still young before we have kids, however I’m worried that by doing so we may never be able to have them because we’ll be so in debt 🙁