Genius Archive: Why We’re Taking on Student Loan Debt

When you say “student loans,” most people sigh; and if you watch really closely you can see their eyes lose a little light. Why? Most of us don’t like to think about them.

We know our student loans exist. Most of us pay them. Some of us don’t. Our reality was, and for some still is, that we have no idea when the pain will end. We’ve accepted it as the price that must be paid to get to our “someday.”

I Have Student Loans But…

For those of us who weren’t fortunate to graduate debt free, student loans are price we paid, not for graduation, but for the life we hope to have.

“I have student loans, but some day I will make enough to get the car I want.”

“I have student loans, but some day I’ll be able to afford the house I want.”

“I have student loans, but some day I’ll take that vacation I’ve been dreaming of.”

“I have student loans, but some day want to start a family.”

This necessary evil seems to run our lives in the short term and the hope is that our expensive education one day pays off big, and, until then we spend our lives trying to minimize the effects.

If you’re like me, and many others, you’ve made a science of avoiding student loan repayment. Some commit to being a lifetime student. Some defer, forbear, or just stop paying altogether. Some luck up and find employers, localities, or forgiveness programs that have saved the day. The fact, however, is that most of us can’t even think of what life will be like when the invisible car note or house payment we call education loans disappears.

What if Student Loans Weren’t a Fact…

But, what if our loans weren’t a fact. What if you could finally get the things that are important to you? What if the new car were suddenly in reach? What if you had the money to start a family? What if you could afford to take your dream job, in your dream city?

Note: This was originally posted by Student Loan Genius.

Jovan Hackley