My wife, Heather, wrote the following post sharing her student loan story. She went to college from 2009 – 2013 and unexpectedly ended up having to take out student loans to fund the last two years of her education.
Have a ridiculous student loan experience? Make sure to share below.
I grew up in an environment where college was just a given.
It was always understood that I would graduate from high school and then go to college. And furthermoreI wanted to go to college and earn my degree.
So the cost of tuition was never really even something that I considered.
I knew that I would have to come up with the money somehow, whether that was scholarships, loans or somehow paying for it out of pocket.
But I didn’t ever consider not going to college because of the cost.
And frankly when I started college in 2009, it was relatively affordable to attend an in-state university.
But I knew that if I had to take out loans then I would because you do what you’ve got to do to get your education.
When I graduated from high school, how I would be paying for college was a little uncertain.
The full-ride scholarship I had been counting on for the greater part of my high school career was no longer an option after earning my first ‘C’ in a physics class I took the second semester of my senior year.
This was a huge disappointment for me, obviously. But like I said before, I knew that I would do what I had to do to make college happen.
Over the summer before I started college, I earned a one-time $5,000 scholarship from the company my mom worked for. I knew it wouldn’t go far in my four-year program, but it helped.
And after waiting for a while to see what financial aid was available to me, I finally was surprised few weeks into my first college semester to I learned that I had earned just over $19,000 in scholarships and grants for that school year alone!
That more than covered my school expenses for the year, especially since I lived at home to save money.
The bulk of what I earned was from the Obama Scholarship, which was both need and academic based. I also received a Pell grant for a few thousand dollars, in addition to my previously earned $5,000 scholarship.
The Obama Scholarship would be recurring, though I’d have to reapply for the Pell Grant each year. But since the Obama Scholarship covered my tuition and books fees, I was set for my four years in college.
Or so I thought…