The Loan People

Can we just talk about student loans for a minute? (Read: Can I just rant about this for more than a minute?)

In what universe does it make sense to go to a place for four (or sometimes five) years, and then spend the next ten paying for it? I just gave more money to my loan people than I will pay for rent, utilities, internet and coffee for the next month. I don’t have to give them that much, but I’d rather give them more money now than keep paying them in minimum payments for 10, or 15, or 20 years. Fortunately, I have a job that allows me to do that, but I’m also not paying into my 401k the way I probably should. All because of the damn loan people.

I get it. It’s not their fault. I wanted to go to college, and I wanted to go to one that didn’t have ‘community’ in the title. Is this what I get for being just the tiniest bit elitist? I’m now living the part of life I avoided talking or thinking about for the four years I was in school, and it kinda sucks. Paying bills and getting nothing in return feels like I’m just giving money away to some random, unknown thing. There’s not even an abstract idea here, like donating to a charity or investing in something.No fuzzy feeling or future gain. It’s not like a home or car loan, where I’m paying back the loan and if I don’t, I lose said car or house. I’m not currently using the thing I’m paying for. No, instead I pay rent to stay in my tiny apartment, I hope to all things holy and unholy that my car keeps moving so I don’t have to worry about that, and I pay the loan people for spending a majority of the last four years skipping class.

Don’t get me wrong, I’m not just now having the epiphany that I should have gone to class. I don’t regret a single class I skipped. My internships were far more valuable, and I’m proud to say I never missed a single day of work at any of them. It’s just amazing that I had to pay so much money to not go to class, and then earn the same grades as the kids who went to every single class. This is to say, of course, that grades matter and are an actual representation of how much was learned.. same grades = same amount of valuable knowledge, in theory, right? Shouldn’t I get a discount for getting that knowledge, while using up less of the professor’s time? No? Well shit.

I get it. I couldn’t get the job I have, and certainly not the job I’ll someday want, without this debt. Student loan debt isn’t a new concept, I also get that. Rising cost of education isn’t a new discussion. What I am just now realizing is that incoming freshmen don’t truly grasp what it is they’re getting themselves into when they apply for college and the coinciding loans. As a person who was 18 once, and was at one time willing to spend far, far more money on a school just because of the name and perceived prestige… I sure as hell wouldn’t have listened to any indebted 23-year-old. I didn’t, obviously. But what would I tell the 18-year-olds anyway? Don’t go to school? That’s stupid advice. Go to a cheaper school? That’s not necessarily good advice either. Don’t go to school until prices go down or until you can afford it?

I guess I don’t really have a point here. No bottom line, no real epiphany… it just sucks. That’s all there is to it.

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