Helpful tips for college students

My name is Sandy Le and I am majoring in Public Relations and minoring in English and Psychology. I am currently finishing up my 3rd year at University of Nebraska-Lincoln. During my first few years of college I struggled paying for my classes because my parents were too financially unstable to help and never started a college fund for me.
When I first started my undergrad career, I paid for my first year entirely out of pocket. I spent the last two years in high school working and saving up every cent I made to prevent myself from taking out loans for school. In my first year college, I spent an estimate of $8,000. As I went through my first year of college, my average schedule was classes in the morning and working as a cashier at night or during any free time I have. I worked an average of 28 hours per week. At one point, I had 3 jobs while still a full time student. After a while, my health and grades started declining and I decided if I should take out a loan.
I received numerous advice from my friends and academic advisor that I should just take out loans instead of working so often. My worries were that I did not want to pay over $20,000 in loans when I graduate or when I do graduate, I will not have enough money to pay back my loans. When I went to talk to my academic advisor, she told me about how there are multiple plans to pay back my loans and the amount I should pay would be adjusted to however I can afford it. Students usually don’t start paying off their loans until four to six months after. They even told me that $20,000 in loans is chump change compared to students going to medical, private, or graduate school.
To change my perspective in paying for school, they told me that I would be investing in my future. In the long run, I may have spent this much on school but in the future, I will be making more than enough money thanks to my education here. With a new mindset on my college career, I decided to take out only the minimum amount of loans I needed per semester from my local bank. I now have a flexible job on campus and work around 18 hours per week. My grades don’t suffer like they used to, it’s not as stressful trying to work so much in order to pay for my classes and my mood in general has improved thanks to the absence of stress.
If you are anxious to take out a loan, don’t be. There are plenty of professionals that can help you get started on how to take out a loan, tell you what to expect in the long run, how much you will need and much more. I’m sure there are people at your local university or college that will be glad to help you get started, you’ll just need to find them.

Share on FacebookShare on Google+Tweet about this on TwitterPin on Pinterest