I wіll hаνе a degree іn college counseling, whісh dеfіnіtеlу wіll nοt pay tοο much. I want thе best advice οn hοw tο pay οff mу undergrad аnd grad school loans whісh total аt аlmοѕt $100,000 аftеr 6 years.
Thank уου!
Debt Counseling and Consolidating Debts Unsecured, Credit Card, Secured
One option you have is to join the army. They will pay for your tuition and everything, but I think you have to serve 4 years after you graduate.
This might help — http://www. finaid. org/loans/forgiveness. phtml
This is the rule for borrowing for college: http://articles. cnn. com/2009-07-16/living/howard. college. loans_1_private-student-loans-subsidized-stafford-loans-borrow?_s=PM:LIVING
I would say make sure you are attending the cheapest schools for this to keep the loans low. http://www. kiplinger. com/magazine/archives/best-values-in-public-colleges-2011. html
Unless you are going to have some help paying this, just hold off on planning any big purchases like a home or starting a family until you can get most of this paid off first and go to a budget person as you are in school to help you learn to budget tightly to get this paid off as quick as possible.
I’m not understanding your question because you didn’t say if you plan to go to college and into a counseling major or if you are in college now doing that, or if you’ve finished college with this debt and are in trouble.
Counseling isn’t what it’s cracked up to be and you’re right in that it doesn’t pay well enough to spend that much money on it. Remember if it doesn’t pay enough then immediately you’ll go into offset and the government will collect the maximum amount they can from you monthly until you die and you’ll still not have paid it off. There’s even the chance that since you know about this upfront that you’d be in so much debt that to take advantage of the government would be a felony and require jail time.
My suggestion to you is to take courses from a junior college in your area so you can attend while living at home. Perhaps you can get an AA in psychology and get a weekend job and pay that off one course at a time, and then transfer that AA to a 4-year college or university and work toward a financial degree or computer science or economics, law, nursing, etc. somewhere where you can use that psychology AA.
The only way to pay off school loans is when they provide to you a repayment schedule pay that back while you work. If you have to get two or three jobs then do that.
It used to be in the late 1980’s no one knew what a masters degree was and it wasn’t necessary to have a good job. Only the managers and vice presidents got a masters degree and only after they had worked several years on the job because the masters degree was like the icing on the cake like you used the skills you gained while working all those years. So today people might have a masters degree but a lot of them don’t know what they’re doing. So I’d suggest before you get the masters that you work several years in a meaningful career job.