from class to corporate

WARNING: i am about to be EXTREMELY transparent in hopes that it will encourage someone else. 

hi, my name is alysha and i am over $100,000 in debt. 

no, it's not because i have a ridiculously addiction to shopping (although, i really do have a shopping problem, but that belongs on another blog.) this debt has been accumulated while trying to better myself through higher education. i had no idea what i was getting myself into freshman year when i signed my first loan agreement and within seconds placed myself $18,000 in debt. 

i don't think any of us do. it isn't until four years later after we've experienced the happiest moment of our young adult lives, graduating college that we realize exactly six months later we'll have to pay for our happy years every month. furthermore, we don't realize HOW MUCH we'll have to pay for those years...every month. unfortunately, not one of my undergraduate classes prepared me for the horror which is my monthly loan bills. 

it wouldn't be so bad if i was in a job making 45k+, sitting in the shade drinking lemonade, and had ample amounts of extra cash. but, it is quite the contrary. i am a broke graduate counting my change in the mcdonald's drive thru. my loan providers have no remorse. when i call them to lower my payments, they tell me there's no way out. i didn't know signing a loan agreement was like signing over your soul to the devil. so now, i have a job i love dearly, but the money i make will soon not be enough for me to actually live and pay my loans at the same time. 

the crazy part is: i prepared for this. i calculated out how much i was going to have to pay every month after i graduated college. my estimates were way off to say the least. i honestly don't know what the answer is to this problem my fellow grads. what do you do when your skills qualify you for one salary, but your bank account asks for another? my answer is: you work and have faith. i know that some way, some how i will not go under. if it means getting another job, i'll do it. if it means changing jobs, i'll do it. applying to graduate school? i'll do it. (fyi: if you're going to graduate, they'll defer you longer as soon as you get an acceptance letter). 

bottom line is: don't stop fighting ladies and gents. if you're experiencing loan issues: 

#1 call your provider

if you get the right person on the phone, they may be able to help you. you have the most wiggle room with the federal government because they have several payment options. i called and had my payment split in half. (thanks jesus)

#2 know your options 

whether it's consolidation or forbearance, research what you can do. i don't really suggest forbearance because it's basically another deferment where interest continues to grow on your principal. however, if you seriously can't make payments, it's an option. consolidation is great if you have horrible interest rates. consolidate with a credit unions because they give better interest rates and have incentives with membership. you don't have to currently be a member of a credit union. there are sites online such as CuGrad that will help you through the process of becoming a member and consolidating. you can also try to consolidate through your current bank. sometimes they offer incentives if you bank with them and then consolidate with them. here's some additional information on options learn your options

#3 work your little booty off. 

set up a budget and save as much money as you can.  in the case of a emergency or if you're strapped for cash,  you can borrow from yourself. look for part time positions that are not stressful or difficult to take on for a short period of time. 

remember, all situations are temporary and all problems are fixable :]

thinking of ideas for my next post...i was thinking a resume breakdown. how many of you need assistance with your resume? what topics would you like me to write on? comment below & share this post with your friends. 

-AMB

Some of you may have nine to five jobs already, but the majority is still searching for employment in this new chapter. I come to say my fellow graduates: 

It gets better. 

I can neither confirm or deny this notion because I've only been living the post graduate life for a few months now. I am employed, but not in a position in my field or using my degree. This will be the norm for most of us. At some point, following graduation, we must stop mourning the past and move on to the future. 

It's natural to feel sad and nostalgic at this time of the year. We've been programmed to move in and attend class for the past four years. Now that we've graduated it's almost like well, what do we do now? We live. We now have the power to make our new lives whatever we would like. You find new things to do, new people to hang out with, or new ways to hang out with old people. The best part of finding employment is you now have real income to do things with. You can afford to travel or plan fun activities with friends on the weekends. Yes, there are some elements that are out of our control like WHEN we will find such employment. Nonetheless, the rest of our lives is what we make it. It's just like our college years. College was what we made it whether we choose to make friends, join clubs, go to parties, or go to class. We made choices that made our experience are great as it was. 

It's time to make those choices again. What are you going to do now? What are your goals for the next year? What can you now do that you weren't able to before? 

Personally,every time I begin to mourn the days of old I think about the family I gained from my alma mater. Although my time attending class is over, I always have those connections to fall back on. I haven't lost anything truthfully, only gained some amazing people and experiences that have shaped me. We can only assume it gets better from here because I see graduates living highly fulfilling lives all around me. 

& the best thing about it is they are still benefiting from the relationships and knowledge they built during college. 

-amb