Sorry for the shitty formatting. I just graduated from college and landed my dream job, but there were some mistakes along the way that keep me up at night and I desperately need some help. It's the same story you've heard a hundred times on here already. I felt pressured to attend University without being fully aware of my aspirations and goals. I had very little to do with my loans, my parents assured me that it would be fine. I jumped around a few career paths for awhile before finding something that stuck. Now that I am done with college, I have the grand total. I owe $100,000. I have a teaching degree, and landed a teaching job in my field. I start this fall, and my yearly salary starts at $35,000/yr, which is pretty standard for my state. As with all teaching positions, there is opportunity for lane advancement, so I will be doing as many professional development hours as possible each year to max out my earning potential. I love teaching. It's my calling and I cannot see myself in any other field. So how do I pay this off? Is it even possible? I feel like I am drowning. I live in an apartment with a roommate. My half is $545 a month, and our rent includes all utilities. On Sundays I have a side gig, it pays me $20 for an hour of my time once a week. That $80 a month pays for gas for my car. I drive an old beater that was paid for in cash several years ago. I have no other debt besides my student loans. I don't even have a credit card. Monthly breakdown of expenses: Rent: $545- all utilities included Gas: $80- paid for with side job Groceries/toiletries/general expenses: $150 Laundry: $12 I am still on my parents insurance. They are also paying my phone bill and my car insurance for a couple more years until I am more secure financially. Please give me feedback on how I should tackle my debt realistically, and if it will even be possible for me to succeed. I was thinking about using the snowball method. No need to tell me that I made a stupid choice in taking on that much debt. Don't worry- I agree with you. Thanks for reading!
Submitted May 24, 2019 at 12:20AM by Chickywaffles http://bit.ly/30H0ShJ
