Post # 1
I’m stuck in such a horrible rut. I have about three more semesters to finish my undergraduate degree in psychology and I’m at about 45k in debt. I’m assuming it will be 60 by the time I’m done. I went a state school (second cheapest in state), worked part time through out college, lived at home, drive a used car I paid off myself, and I also did two years at community college.
I feel hopeless right now. I’m extremely passionate about art therapy and I would love nothing more to go on to graudate school and at least get my master’s degree. Honestly I’d love to even go on to get a doctorate, but I’ll take whatever I can get. If I go to graduate school, I’m looking at 100k in student loans easily and I keep hearing psychology, especially at the master’s level, does not pay well.
I’m frusterated because I can’t get a job without an advanced degree, and it’s like what was even the point of going to college? But at the same time how do I ever pay off a master’s?
It’s very upsetting in the middle of getting married right before I graduate. My fiance has no debt as his parents paid for his schooling, so that’s at least good. But he’s offered to cosign for me as my parents can’t anymore and I don’t have anyone else.
Post # 4
I’m currently enrolled in a PhD program and have taken many thousand out in student loans. However, one year’s salary out of graduate school will pay for all of my student loans. DH and I are currently living on his salary so we plan to continue living this way and put everything I make toward my loans for the first year. This should pay off everything.
Loans can be overwhelming but this is, unfortunately, a mediated risk you must take. I encourage you to continuing pursuing your degree(s) while seeking scholarship and assistantships.
Post # 5
That is a good plan! We’ve been trying to figure out with the house we were looking into if we could afford it on his salary alone with my part time money comming in for the time being as an added bonus until school is over.
Post # 6
I wish I had some good advice for you 🙁 Im taking a one year program because I didn’t want to deal with all that! I briefly considered taking a second year but then realized I’d want two more after that and I threw up my hands in despair!
Sometimes it worth plunking away though. Follow your heart and do what inspires you and makes you happy. The money crap gets figured out one way or another. There’s nothig like finding your niche!
also, wanna help me not ruin my gpa with my psych class? I’m in an education program and Im taking a second year psych course this semester and another next and it’s killing me. I need the credits to get the certificatr and it brutal!! I’m not failing but I’m getting like.. 75 which is not that awesome and it’s cramping my style and killing my gpa!
I commend you for doing as much as you have!! Just keep following your heart, it’ll get you there
Post # 7
Truthfully I am not handling it well. I have 70k (but that including interest though) with loans. I have no idea how I will ever pay them off and finding a good job seems impossible. I know with my SO that I am lucky that we can live off of his salary alone and still get by but that not paying any my debt off though. I am giving myself a year to find something before I do grad school.
Post # 8
I chose not to go into the field for work After majoring in Psycology and Spanish. Instead, I work at a school doing marketing and family programming. It pays pretty well and I really enjoy it. I don’t use the psych part, but I do use my Spanish skills daily.
I would recommend working for a few years before grad school. You can start paying off loans, save up some money and be certain you really want to get a masters.
Fwiw, I took out $11k in loans and have almost paid them off.
Post # 9
@Birdiebaby4: Don’t do cosigning!!!
I recall being in school next to lots of newly married students. This one guy I worked with got free money every year (Pell grants? Apply really early), so did his wife. It was because they had a super low joint income. Maybe that is an option? Run the numbers for your new married income?
If you do take out loans, take out as few as possible. Work as many hours at a job as you can (like 30-40). Yes, you’re going to go insane, maybe sleep like 5 hours a day, but it’s worth it to have tons of loans. Sacrifice, sacrifice, sacrifice. My motto was be the best poor person I could be.
Maybe buying a house is not the best idea. Figure where is the lowest rent you can get (that is in a safe are) and keep the cost of living down if you go back to school.
Post # 10
- Wedding: November 2013 - St. Augustine Beach, FL
@Birdiebaby4: Jesus! That is a lot to spend on an undergraduate degree that you really can’t use. I know it because I have a B.A. in Psychology and I had to go to grad school to get a higher degree before I could find a decent job. I now have over $100K in loans and it sucks. My official payments are around $2000 per month so I am on income sensitive payments that are still unpayable at $800 per month. I don’t know what I am going to do about it because I already live pretty frugally as it is. Selling my eggs for cash is looking pretty attractive right now.
Post # 11
@Birdiebaby4: I have a BS in psych and a MA in clinical/community psych. I currently work in higher education. Am I using my degree? Not really. Stick with it though, I got my current job because I had a BS. Some places don’t care what it’s in as long as you have it. Also, psychology does lend itself nicely if you have to work with people, and some employers look at that. I’ve just resigned myself to the fact that I’ll be paying my student loans forever.