Hello,
So, long story short: Through hardwork, sacrifice, and some random really good luck, I graduated with two bachelors degrees, a masters degree, and a teaching credential with ZERO student debt. At the very end, I had to borrow some money from family to get my truck fixed because I was still waiting to start teaching job. I paid that off with my signing bonus.
I only need 12 more units to max out on the salary scale for my school district. Maxing this out will mean an extra $300K in career earnings, and will make my pension higher as well.
I decided that I want to do study abroad programs during summer and winter breaks to earn these last few units. I gave up a lot of experiences in college and grad school to save money (lived at home the whole time, worked a lot, had a flip phone until 2014, etc.) I feel that I have earned a little bit of fun, especially since it will help me make more money in the long run.
However, these programs aren't exactly cheap. I am doing a 3-unit program this winter break in Cambodia that will cost about $3500, and I am looking at a 5.83 unit program next summer in Europe that would cost about $6500. That will get me most of the way to my goal, I would just need 3.17 more units. That's $10K so far in costs. Doomsday scenario, I will say that it costs $20K total to get my 12 units. A $20K investment that will turn into $300K is a pretty good investment in my opinion.
What's the best way to borrow money for this sort of thing? I DEFINITELY don't want to use my credit card. (DUH). In the past, I have used my parents home equity line, but I figure now that I have a career, I can take out a loan or two myself. Also, this could keep building my credit history, which up until now has mostly been done with responsibly using my credit card.
Also, IDK if it matters, but my credit score is 785. Which based on what I read is pretty good.
Submitted October 12, 2017 at 08:23PM by MatSciMan http://ift.tt/2yjIkZ0
