Today, New York University costs around $43,000 annually for tuition alone. When I attended over 10 years ago, it was closer to $30,000 annually. If either of those two numbers make you feel short of breath, join me on the floor.
I was able to attend such an expensive school through a couple of scholarships, my parents’ generosity, and student loans. Hella student loans. These days, student loans dominate my entire life. I wish I were joking about that. While I sometimes feel regretful about making such big financial choices when I was young, dumb and 17, I try to remind myself of all the opportunities that I’ve had in life because of those choices. Maybe if I had gone to UCONN, the state school in my home state, I would have gotten a full ride or paid off any loans by now — but I also can’t say how my career would have gone.
But I certainly do wish I had gone through college behaving differently towards money. Here’s a couple of things I wish I’d known so I didn’t have to learn myself the hard way:
Keep reading »
I am celebrating today because I got my tax return in the mail and used it to pay off every cent of credit card debt that was hanging over me like a dark cloud. I won’t say how much, but it was in the thousands. I bought a new computer, had some doctor’s bills and before I knew it, the debt was piling up as it tends to to. I am pleased to announce that as of this morning, I am 100 percent credit card debt free for the first time in over a year. And I plan to stay that way. It’s weird, but I feel lighter somehow. Debt really weighs down your spirit. Right now, mine is carefree and doing the River Dance. Woot woot! So Friskyverse, I want to know how you are planning to allocate your tax return funds. I hope someone out there is already debt free and using the dough to buy something completely frivolous, like a mini pony or something. I want to live vicariously through you, please. Share with us in the comments.
I’m fairly certain that I have an addictive personality. I’ve avoided drugs, gambling, cigarettes, and alcohol based on those suspicions, and likely will continue to do so until my dying day. But I got blindsided by my own addictive tendencies when I discovered the joys of personal style. After years of hating my body, I finally figured out that I could look and feel fabulous if I simply dressed to highlight my favorite physical features. It was an absolute revelation, and sparked a new-found, fervent love of clothing, shoes, and accessories. Soon, I fell into some pretty ridiculous and harmful shopping behaviors, the repercussions of which came to a head about three years ago. I had allowed my debt to grow exponentially over several seasons of frenzied acquisition. I’d begun making mental bargains with myself about how another $200 on the ol’ MasterCard wouldn’t make THAT much of a difference in my monthly payment, and I definitely needed those new Frye boots before fall arrived. I’d dug myself into quite a hole, and felt utterly incapable of clawing my way out. Keep reading »
A year ago, my then-boyfriend and I argued about something. I can’t remember anymore what it was about. But I know it made me upset the night we argued and lasted until the next morning, all the way from my commute from New Jersey into New York City. Pent-up with frustration, I needed to do something to make myself feel better. So instead of walking straight to my office, I ducked into an H&M, grabbed skirts, dresses and blouses off the racks without even trying them on, and spent something like $200 or $300 on clothes in less than half an hour. Keep reading »
Education is supposed to enrich our lives and make us more worldly and learned. But for many of us, higher ed just brings on thoughts of debilitating debt and crashing credit scores. According to the Project on Student Debt, the average 2009 graduate owes around $24,000 after graduation. But that’s nothing compared to the astronomical amount of school debt Kelli Space has. Keep reading »
Heidi Montag made some big bucks doing “The Hills.” Where else would all that backscooping money come from? But while Heidi was making and spending her $65,000 per episode salary on nips and tucks, her mom Darlene Egelhoff had to sweep and dust to make ends meet. Mama Darlene recently confessed to “Inside Edition” that she has been working as a maid to get by and has received no help from Heidi. The two stopped talking last year after Darlene criticized her daughter’s plastic surgery transformation. Even though Eglehoff has not been associated with Heidi for almost a year, she says clients still recognize her from the now canceled show. Awkward! [Hollywood Life]
Read more to find out which other parents have figured out that celebrity spawn doesn’t equal financial security. Keep reading »
I graduated from college two years ago with $115,000 in student loans. I’m paying them off a little at a time, and when I need a reason to drink, I like to play with loan payoff calculators online, which tell me that, if my monthly payments stay as they are, I should be done in about 42 years. Sure, sometimes I wish I had picked a less expensive school, but so do a lot of people, right? What’s done is done, and now I have to pay for my degree, just like everyone else … right? Keep reading »
You’ve worked hard through grad school, but when you’re ready to graduate there are NO jobs in your field. Should you get a refund on your school tuition? It’s a radical thought, but that’s what one student at Boston College is proposing. The anonymous student wrote a letter to the dean of Boston College Law School, where he is a third-year law student, and lamented that despite doing well in school he’s been unable to secure a position. In the letter, the student outlined the difficulties he and his fellow classmates were having finding a job, and added that his failure to land a gig will make it difficult to support his pregnant wife. Keep reading »