The Low Down on Student Loans
Let's Cultivate (W)health
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Let's Cultivate (W)health 〰️
Ugh, student loans. I know, I know, we all feel a certain type of way when it comes to student loans & I’m going to try to make them a little less awful today. We know the different types of student loans we can borrow and that ~ 44 million Americans currently have student loan debt. Now I’m going to share my tips on how to handle it!
The estimated cost of attendance for chiropractic school, which is 3.5 years, is ~$135,000. That sum doesn’t include any of our additional certifications, seminars, national board exams, or money to live off of. The amount of loans when a graduate or professional student graduates can feel overwhelming.
The psychology and emotions behind money are so real. However, being aware of it allows you to identify when you’re approaching personal finance with emotions rather than logic. It is a skill and skills take constant practice & time. Don’t get discouraged, and remember, mind over matter.
Below are some of my tips 👇🏼 I’d love to hear some of yours too! We’re all in this together!
Have a plan & figure out the full amount of loans you have borrowed
Create & follow a monthly budget — this will allow you to have a sense of control on your finances
Understand your loans & what type you have borrowed
Know your loan providers & communicate with them
Make payments while in school towards the interest if you can! Any little amount will help lower the total when you graduate.
Organization is paramount! This is so important, especially if you have multiple loans from multiple providers!
There are federal alternative repayment options — research them!
Your life is not over because you have debt; mind over matter!
invest early & invest often
**disclaimer: this is not financial advice. this is only based on my experience. please always do your research.**
