Inspired by Anya Kamenetz’s blog, The Narrow Bridge
I feel an immense amount of pressure currently and for when I graduate. I am beyond paranoid about how I will be able to get a job in such a hard time.
Many students expressed their concern about their current financial standings. Students are worried that after graduating from college they will not be able find jobs of their preference if the job market continues to crumble.
I think that a lot of students are not realizing how important saving money is right now, and as a result are going to be in more of a crisis when they are forced to pay back loans after graduation.
I have always felt guilty relying on my parents, and now with the economic crisis I know that they are secretly getting nervous and I know that I need to start helping them out and saving money. Just like almost every other college student, I am very worried about leaving college and paying back loans.
Currently I am paying to put myself through graduate school, in the hopes of eventually increasing my salary. The current economic situation makes it difficult to pay for living expenses, graduate school, and try to save money at the same time. Under current circumstances the economy is a constant worry and the future of the economy is completely unsure. I pay student loans, car payment, car insurance, upkeep from commuting on the car.
I have been experiencing pressures in relation to my job. Gas prices sky rocketed and my job is heavily dependent on transportation. Only a percentage of my gas is covered by my employer and the rest is out of pocket. Although prices have drastically reduced, I am still hesitant about the future. My future is very dependent on the economic status because I plan on opening up a small business. I want to open up a day care and therefore for tax purposes among other things.
This Blog By Carolyn Walsh Explores the issues related to Generational Debt
One of my cohorts explained how cooperation of government officials and the American people could change the economic, social and political direction of our country. Ultimately, together we empower America.
My friend stated that members of Congress know that they won’t lose re-election if they refuse to support measures of bailing out student debt, and instead support bailing out Wall Street banks.
This YouTube Video Portrays Some of the Tactics Credit Card Companies Use to Trick Students Into Signing Up for Credit Cards
I think that my generation was failed by an education system that puts absolutely no emphasis on money management. How can credit not be in the curriculum when it is the American way? Why doesn’t anyone teach us about interest or help us understand why we have taxes taken from our paychecks. How about how to apply for a loan or the damage your credit report can do? Some of these things I still don’t understand.
I think that we absolutely need to be better educated on how to properly deal with money and avoiding credit debt, but I think we also need to learn how to take more responsibility for ourselves so that we can avoid getting into unnecessary credit card debt.
Many college students are currently facing the problem of paying back loans from school after they graduate or just the simple idea of how they are going to get money while in school in order to support their parents.
