A conundrum exists. Us millennials have one foot in our parents house and the other on the path to finding financial freedom via non traditional means. We have a situation where we went to college because, well..."that's just what you need to do to live a good life." At least that was what many of us were told. But now we are in a new age that has been ushered in not all that long ago. I mean think about it, we now have crypto and money can be made at the scroll of a webpage. We had nothing like this even 5 years ago to my knowledge.
My parents only presented and promoted 1 option for me and my sisters. Go to college. Now me being a 17 year old impressionable and wanting to honor my parents wishes type of kid, I robotically took the only option. I was a bohemian at heart but let's just say I was years off from realizing that I needed to be Earl and not Earl's Parents. You could say I was a baby boho.
Fast forward four years and I was fresh off the boat so to speak. I had no clue in the world what I wanted or needed to be doing. I even turned down a job offer I had once wanted because I no longer wanted to do that. I was lost and furious.
Another 1.3 million students in debt belong to the private sector
Dude seriously what did I learn at a university that I couldn't learn myself with all this shiny new tech? In hindsight I wouldn't have went to college just to be going. I'm an artist. So If I did go to any type of schooling it would've been in the arts. Either that or I would've did what I felt like was inevitable anyways by starting a business, which I actually did a couple of months after getting out of college.
I know many people can relate to this. According to a recent article there are now roughly 44 million Americans in student loan debt. 44 MILLION!!!! SMDH. That's totaling $1.48 trillion. It will never be paid off. I promise you that. I honestly don't believe education is that expensive and I bought into the hype.
70k sounds like a heck of alot for a fall back plan or any kind of plan for that matter. It's ludicrous. Now I am enslaved to that loan until I either spend an eternity paying it back or settling, which I would rather do. Let's just hope this crypto rocket will take me far enough to pull it off. At this point I've just been deferring because I just can't come to grips with spending 300+ dollars every month for something that I'm not even using. I have intentions on paying everything back but I'm willing to do it on my terms. Or at least that's the plan. I want to hear what yall have to say about student loan debt.
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