As I’ve gotten older, I’ve started to realize how poor my parent’s financial decisions have been.
At 18 years old, I had zero financial understanding at all. Didn’t even know what was an average loan burden for college. I went to a private institution I couldn’t truly afford and my parents encouraged me to go - co-signing private loans on top of my federal loans. Halfway through college, I became more financially savvy and realized the incredible student loan burden I will have - over $200k. The program I was accepted into is relatively exclusive and it would’ve been impossible to choose a cheaper option once already in school. My starting salary will be 80-90k and my dad reasoned this was enough to justify that student loan burden.
I’m about to graduate in May and I’m honestly terrified. Pointing the finger at my parents will do no good, and I need to take responsibility for this and have a set loan repayment plan. How should I approach this? Who should I meet with and what options do I have going forward?
I know this will impact my future relationships, and I’m not even sure how to approach this subject with potential SOs. I will be keeping my finances separate from them as I do not want to burden anyone else with this debt. So much of my life has been taken away by this debt and it feels like a heavy weight I’m constantly carrying.
Submitted March 02, 2019 at 10:45PM by theCourt527 https://ift.tt/2SDhQrV
