We’ve all heard the horror stories of people graduating from college in debt of incredible amounts anywhere from $25,000 – $100,000. Is this really necessary? Well yes an education is vital to helping you reach the career of your dreams in many cases. However, is your dream career worth the stress of having to pay back thousands and thousands of dollars of debt? Personally I feel that the stress of having to pay back your student loans may lead to you making a sub optimal career decision by taking the first half decent job that comes your way, without even considering the level of career growth potential available. This is why I feel it’s important to outline a few critical signs that will indicate if an education will be a debt sentence for you:
You have not selected your major
If you have been enrolled in a post secondary institute for a few years without deciding on your major then you should definitely re-evaluate your present situation. An education is extremely expensive so don’t pursue one unless you have a specific major in mind or else you will rack up debt only to find yourself even more confused than you were at the start.
Choosing a more prestigious school when there are alternatives
Sure it feels good to get your degree from one of the top schools in your region, but you have to wonder if you could have obtained a similar degree from a less expensive college. Many community colleges and small town schools offer very practical programs that will help you land a high paying job without receiving a debt sentence.
You have no career choice in mind
There’s nothing wrong with earning a Science degree but you need to look into possible career paths before you even apply to the program. Think about it, how are you supposed to pay off your debt when you don’t even know where you will find work after graduation?
Going to the same school as your friends
Believe me I wish I knew more people on my first day of school but that’s what makes college fun. Taking on this great new challenge all on your own with no clue of what to expect. The funny thing is that due to my late birthday I was 17 years old when I started college and believe me it was pretty intimidating. With that being said it would have made no sense if I went to a different school just because of my friends. Make sure you that you choose the school that is right for YOU, not your friends.