June 24, 2007

Starting Out Two Step Behind

I never realized it until I had a child in college that when a kid graduates, he starts out with a huge debt. It’s hard enough to save money for a down payment on that first car and eventually, a first home. To be strapped with school loans before you’ve even been hired at your first job can be a real challenge. It’s true that you really need a college education to get ahead today. And that education costs money. Student loans make the dream of a college degree a reality.

My son is paying back student loans now. He’s doing well at his job in Hawaii and he has no other debts. However, I’ve let him know that if he needs it, there are student loan consolidation companies that can help with managing student loan debt and getting it paid back. I hate to say it but if Jesse ever comes back here to this valley, he may need something like that. Of course, why would anyone leave Hawaii to come back to West Virginia?

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4 Comments

Comment by The Artist (1 comments.) Subscribed to comments via email
2007-06-25 15:24:33

Yes, it’s daunting that many of us start off our adult life in debt thanks to college loans and what not!

Comment by Marisa (0 comments.)
2007-06-26 07:52:08

Yes, but on the other hand, college loans make it possible for everyone to go to college.

 
 
Comment by Casablanca Travel (2 comments.)
2007-06-25 21:56:10

a relative studying abroad had troubles in paying his tuition so my aunt, who is her mom, got him a school loan. now, he’s earning a lot…

Comment by Marisa (0 comments.)
2007-06-26 07:53:09

I believe that an investment in your education is an excellent investment in your future! Your aunt is very wise.

 
 

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