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Showing posts with the label student loan debt

The new normal: Being more in-debt than you are paid

As an early millennial- as someone who graduated HS in the early 2000's and then graduated college right around the time Obama became president- I am well aware of the reality of living with more debt than income. Borrowing $30-40k a year for 4 years of college put me behind the curve, since it's pretty hard for a full time college student to hold down a full time job. I worked numerous odd jobs and held a part time one, but I also had limited savings and money I made was quickly and easily spent on everyday living (necessity or not). Mom and Dad didn't provide much financial aid outside the academic necessities- books, food, health/car insurance. Even though I started looking about midway through my last semester, upon graduation I realized that I needed a full time job quickly- the loan companies had already let me know that repayment began 6 months after graduation and that they were in the process of calculating my monthly amounts😖. I looked as far away as Australia,...

Ultimate Adulting- Today I, a "millennial", bought my first house!!

It's official!! We are home owners!  This journey took about 1 year, almost 100 houses seen, multiple offers, 3 contracts, almost 2 months "homeless", and finally we have a deed and keys!  🍾 🥂  We are big kids now!!  It blows my mind that I am now "rooted" somewhere, as clearly buying and selling houses is a huge hassle. But even more mind-blowing than that is what the attorney said to me while reviewing the paperwork: "You have student loan debt and you were able to buy a house? That's amazing! That's wonderful! Good for you guys!" Yes, I still have about $50,000 in student loan debt just to my name. I personally make less than $50,000 a year. I personally live practically paycheck to paycheck and work a second job part time to offset some of the cost of my expensive hobby, horseback riding. I also 100% own my own truck. I also have a 401k with a couple thousand in it. I also now own a house. According to the bank I only own a percenta...

Millennials are leaving NJ at an alarming rate- and everyone else is to blame.

Trigger warning: Liberal dreadlocked poli sci snowflake upset that NJ cost of living is so high she still has to share a bedroom with her teenage sisters.  Basically what I got from this article. Read it here: http://www.nj.com/entertainment/index.ssf/2017/06/new_jersey_millennials_struggling_with_costs_of_li.html#incart_river_home You know me- I had some things to say... Article:  With $25,000 in student loans, her hopes of a settling down in a place of her own in New Jersey with her longtime boyfriend quickly evaporated. (Her student loan payments are currently deferred because of her low salary.) She only had $25,000 in student loan debt? Where did she get the other $75,000 that I'm still paying off? My total student loans were $102,000 when I graduated. I moved home for one month before securing a job in FL. I moved to FL for 6 months until the cost of living became too much under my student loan debt. I moved back to NJ to try to live with my parents. It ...

A case FOR millenials FROM a 50+ year old

Her insight: "Some see millennials as trendy, spoiled, self-centered, privileged individuals. As a former teacher of this generation, and a follower of many, I feel they are leading the way in understanding and helping people understand privilege (whether it be white, male, straight... the list can go on and on, because we are finally are being held to the fire to respect the diversity that is America) and I think people of my generation have a lot to learn from them. My idealism, born of proximity to the first civil rights movement, the Vietnam Nam war, and "women's lib" see 'this as a effort to improve our world. Response # 1 to this statement:  But more importantly, our selfies are 0n fl33k*~ (I hope this is sarcastic.....?) Response #2:  Every generation takes heat from the certain obsolete minds of the preceding generations. (Kinda misogynistic to call people who are still living in this society "obsolete" but ok...) ( That's nice. They just...