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Old 10-12-2010, 04:33 PM
 
Location: Atlanta, GA
1,209 posts, read 2,241,421 times
Reputation: 886

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Join a reserve branch of the military, just work once a weekend a month for at least $500 or something.
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Old 10-12-2010, 07:47 PM
 
3,500 posts, read 6,147,050 times
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Quote:
Originally Posted by jhtrico1850 View Post
Join a reserve branch of the military, just work once a weekend a month for at least $500 or something.
Until they send you to Afghanistan.
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Old 10-13-2010, 01:35 AM
 
18,656 posts, read 33,251,193 times
Reputation: 37042
If you join the Reserves in a "critical specialty" (which is defined every year by that branch of the Reserves) the government will pay off a significant amount of your school loans for each year of Reserve duty. It's a lot of paperwork to get it through, but when I was in Army Medical Reserves, the gov. paid off about $3K a year of my loans. I was in "pre-surgical nurse" category, a critical specialty. I was "pre" for a year and then went into the actual category. I could have gone in as a psych RN, which was my main experience, but that wasn't critical.
A non-RN friend of mine went in under some artillery designation, which was critical then.
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Old 10-14-2010, 04:41 AM
 
1,492 posts, read 7,700,116 times
Reputation: 1452
Quote:
Originally Posted by sydbristowwannab View Post
So I graduated in May 2010 and just today discovered that my monthly student loan payments will be about $575 a month. I have about $40,000 in loans...not bad for a private school I suppose. However, I was gullible at 18 and believed that the second I graduated I would find an amazing job and have all the money in the world.

Six months after graduation, I have a job that pays $12 an hour (can't find anything higher) and I'm about to have a baby in November. With my mortgage payment and all the other bills I pay just to live, I am at a complete loss of what to do.

HELPPPPPPPPPPPPP!!! I never would've gone to school if I had been able to look in a crystal ball....
You've got tons of responses so hopefully you've gotten some good advice. While I didn't read all these pages of responses I want to add-

don't stress over this.
There are TONS of jobs you could take to get your loans either paid for or deferred. You'll have to check with Dept of Ed- they have the list on their site. Plus, your state may also have some, too.

Get a job HERE in one of these fields. Get your student loans deferred. Then make your payments so that ALL the $ goes to principle. My daughter has just done this. She was eligible for deferrment but didn't do it because she has an income. I persuaded her to do it and now her monthly payment goes all to her loan...NONE to interest. She'll have these paid off in no time.

Good luck!
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Old 10-15-2010, 03:12 AM
 
3,852 posts, read 12,841,431 times
Reputation: 2529
Quote:
I will get flamed for this but for the average person college is a waste of money since the whole system is set up as a scam. Many promises few deliveries of good jobs.
dropping out and starting my own business was probably the best choice I ever made. Unless you can get a 3.5+ gpa, college is a complete waste of time for most. Over hyped and over sold. Now if college was affordable, as in tuition under 1k/year then it would be a good place for most but these days spending 10k/year to attend school only leads to debt.
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Old 10-15-2010, 09:46 PM
 
Location: Charlotte, NC
2,193 posts, read 5,040,654 times
Reputation: 1075
Quote:
Originally Posted by killer2021 View Post
dropping out and starting my own business was probably the best choice I ever made. Unless you can get a 3.5+ gpa, college is a complete waste of time for most. Over hyped and over sold. Now if college was affordable, as in tuition under 1k/year then it would be a good place for most but these days spending 10k/year to attend school only leads to debt.
Yea I agree with the post you responded to and agree that it's over hyped and over sold. Especially when people are spending like ridiculous amounts like 40K per year.

I think it all depends on the school, the degree and the cirriculum. The problem though when you are a teenager, it's hard to know what a good school or cirriculum is. How does a teen determine that, ya know?
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Old 10-16-2010, 07:41 AM
 
Location: Lansing, MI
2,948 posts, read 7,002,322 times
Reputation: 3271
Quote:
Originally Posted by sheenie2000 View Post
Yea I agree with the post you responded to and agree that it's over hyped and over sold. Especially when people are spending like ridiculous amounts like 40K per year.

I think it all depends on the school, the degree and the cirriculum. The problem though when you are a teenager, it's hard to know what a good school or cirriculum is. How does a teen determine that, ya know?
Teenagers are fed throughout their high school career "if you go to college, you'll get a good job." What they forget to tell high schoolers is the debt associated with the schooling, and most 'good jobs' out of the gate upon graduating don't pay extremely well.
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Old 10-16-2010, 10:45 PM
 
3,128 posts, read 6,509,465 times
Reputation: 1599
Quote:
Originally Posted by skaternum View Post
GRRRRR. Posts like this make me so mad. The OP made really bad decisions. She needs to suck it up & deal with her debt, not hide her money & foist her obligations onto the rest of us.
Yeah but ironically that is what banks/Wall St. does and they get off fine doing it.
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