Are you currently making a ridiculous college loan payment every month? $400, $500, $700. I hear you. For the past 15yrs I’ve been paying nearly $700 a month in college loan debt and finally with the sale of my mom’s home in Maine we were able to make the last payment this month on a $135,000, it’s been crippling.
Look, I go back and forth about this post. Part of me is EXTREMELY grateful for the education I received at Mount Holyoke College. Being in an all women environment was empowering, motivating, and eye opening. I’ve landed good six figure jobs on multiple occasions, so in that regard the college degree probably helped in a MAJOR way. Who knows where I would be today without Mt. Holyoke. Mount Holyoke exposed me to so much. I lived abroad for a year in Galway, Ireland with 4 Irish girls, my first roommate at MHC was African American (In my high school there was only one African American student so this was HUGE for me), and I was exposed to women from all socio-economic and cultural backgrounds. These gifts have helped make me who I am today.
The bad news!? I’ve never once been asked to show my resume 🙁 That’s right, 135k in college debt and I’ve never landed a job by my resume, don’t tell my mom or Mount Holyoke. I have to say I’m not sure I would do it again. Currently, I’m working to become an entrepreneur and now I think about what that $700 could have done for me every month? Where would I be if I invested that, took risks with that? The problem is so many of us want to live in cities where cost of living is insane. So on top of a monster college loan payment we have rent, car, kids, living life. It feels like we’re drowning.
Clearly, if you want to be a doctor you need a college degree but the more I go along in life it just kills me how much college loan debt holds us back. If it wasn’t for my mom’s help at the end I don’t know where I’d be with this. What I can say is, as much as I love Mount Holyoke, I’m not sure I could justify spending 45k a year college again unless my parents were rich or I won the lottery. I’ve known since I was 8 I wanted to be a talk show host…the Univ. of Hollywood Blvd. would have been fine.
I feel your pain. Do you think large college loan debt is worth it? Leave me a comment below.