Author: Latoya

Am I More Fortunate Because of My Student Loans?

I recently read something that was rather thought provoking. The comment gave me pause and made me really reflect on my own personal situation. The comment went along the lines of, “Our access to credit has made us rather fortunate compared to other countries in the world.” As I re-read the statement over again, I started asking myself if the burden of student loan debt has actually made me more fortunate. I mean, I was able to obtain an education. I have a job. My mortgage covers the loan for the house I currently live in and I wouldn’t...

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7 Stupid Reasons I Took Out Student Loans

I’m fairly certain all of us have felt stupid once or twice in our lives. We are all human and are prone to making some mistakes. Some of them are more glaring than the other and some of them just outright ridiculous. When you’re young, you don’t put much stock into these idiotic mistakes because youthful ignorance is bliss.However, ten or fifteen years down the road you simply wish you knew then what you know now. Anyone with a crushing amount of student debt probably wishes there was another way they could have obtained their precious education without going...

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The Impact of Financial Illiteracy on The Student Debt Crisis

I recently reviewed a survey that indicated that a certain segment of the population is rewarded less private scholarships than those of higher income brackets. After reading this survey, it gives a resounding reason as to why so many students are forced to take on student loans to cover the costs of their education. Without scholarships, free aid, or savings, how else do you pay for higher education?After talking with a few experts on this subject, I now understand how lack of preparation is one of the major factors behind those numbers; however, I’m willing to bet it goes...

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College: Sometimes You Just Have to Work For It

Many desire a full-ride to their chosen university. Anyone who has their hopes set on achieving a higher education wants to do so without being in debt for half of their adult lives. Yet, the number of those who graduate debt free seem to be decreasing at a faster rate every year. Despite all of this, in a system designed to make money — few find it very hard to believe that kids can go to school these days without giving up their freedom.Imagine this — your parents have absolutely no savings for your college education and can't cosign...

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Those Who Shame Student Loan Debtors, Shut up!

There are many reasons why students across America are taking out student loans, but I’m perplexed regarding the response that many who graduate with a large amount of student loan debt receive. I hear and read all types of opinions everyday. You are very well entitled to your own opinion, but what I won’t have is someone talking down on me (because I’m one of those students) and looking at me from their high horse insinuating that I’m stupid and deserve to be in debt. Nah, let’s clear a few things up. Recently, I read a comment on an...

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