Today, I need a place to rant about student loans. I have three degrees. As a result, I have huge debt. If not for the fact that I work in education and should be eligible for loan forgiveness at 10 years, I would have debt for the rest of my life. But even the promise of forgiveness for some of my debt doesn't make this sit well with me. Here's why...
As a youth I attended New Jersey schools. My parents are life long NJ residents and have paid taxes all of their adult lives to give my brother and I access to a great education offered in public schools.
When I graduated from high school, it seemed an easy answer to move on to attend Rutgers University, another NJ school, where my father and my grandfather each got their degrees. My family helped me greatly and my tuition was paid in full to earn me a bachelors degree in Psychology plus a minor in Childhood Studies. I left Rutgers excited about my prospective career, and feeling like there was decent value in the many thousands of dollars my family had spent for me to have college level training. That was the end of my shiny happy view.
After college, I searched for a job that was both professional, fulfilling, and well-paid. With only a bachelors in Psych, there were not too many options. Instead of finding lots of opportunities to help others and be paid for my "skills," I first found a job as a child-care worker at a camp for at-risk kids where I acted as an officer and bouncer more than a friend or help to them. On top of all the horrible, sad things I saw and was exposed to, I made very little for the long hours and the heartache. It quickly became clear that I couldn't do that forever.
Next, I got a position in medical sales. The pay was better. I was working in the professional world with mostly educated people. But something big was missing. My days were about pushing the bottom line when selling durable medical goods like transport chairs, shower heads, and commodes. Life was more about earning an extra penny off the portable potty than helping the person who needed it. To me, this was less than fulfilling.
To attempt to make a long story short, it became clear that I needed to go back to school if I wanted to be able to practice in the field that was most desirable to me. And so after much ado, I enrolled in yet another NJ State program for 3 years of graduate work at Rowan University. This time around I wasn't as blessed to have family primarily footing the bill. This time I was on my own with how to pay for my classes. And so, like many have before me, I applied for Federal Student Loans.
After 3 years I hardwork and interning and two seperate degrees later, I had completed my studies and now could finally make use of my Psych training in the way I has always wanted to.
This is all the back story needed to understand my exact point of view regarding our student loan system and my own personal student loan debt situation. And this is already a pretty long entry, so I'll save my opinions for another quiet moment and continue my rant in part 2 of this entry.
To be continued...