Summer came and you didn’t go on that vacation with your friends. You were invited to an expensive restaurant and left hungry after ordering a small salad. An awesome continuing education course was within driving distance, but you didn’t go.
PT school loans (and often undergrad loans) suck. We go to school for seven years and can’t afford to do the things our peers do (and oftentimes, they can’t actually afford to do them either). When we finally do get an income, too much of it goes to paying off our student loans.
Since I graduated PT school, one of my main goals was to have paid speaking opportunities. It had been recommended by multiple people to take a professional speaking course as a step to achieving that goal.
Everyone raved about how much it would help me, but this wasn’t a cheap course. It cost $2,000 dollars, was only offered once a year across the country, and required four full...
They say ignorance is bliss and I have to say that when it came to my loans, this statement couldn’t be more accurate. At the end of PT school, I remember sitting in a presentation about loans. The speaker discussed how credit card debt was like bad cholesterol and student loans were like good cholesterol. I’m a sucker for analogies and took this sentiment in full stride. I had good cholesterol. Nothing to worry about. Nothing needed to change.
So for the first three years of repayment, I looked at my loans as necessary and harmless- they were just another expense to be paid monthly. I set myself on a graduated plan that would increase every two years, selected autopay, and made sure the $520 was included in my budget every month.
I remember wishing I didn’t have loans, but found solace knowing that this was the only way I could have become a physical therapist. And while it was lousy, I was paying for an education I valued highly. So, I...