help! what can i do to save my financial life while i'm still young?

Question

i never thought i would be saying this, but I AM GOING CRAZY THINKING ABOUT THESE STUPID STUDENT LOANS!!!!! i'm a 19 year old who just finished my first year of college. to make a long story short, i will be switching to a new college this fall for personal reasons which i am so excited about but i have a big fat bill from the other college. i owe over 10,000 dollars to the other college AND i took out 2 loans both 1,500 dollars each. in case you were wondering, the 10,000 bill was supposed to be paid by my uncle "joe", who was very financially stable. but following hurricane Katrina, he was left with no home, and i was left with an unpaid bill. i tried to hard to start off on the right foot but now i seems like i gonna be just another grown up on the road to debt hell. i don't use credit cards or anything else, i'm just a hard working young person, as i try to start a new chapter at a new college, i'm still so panicked about that money i have to pay back, please help

Answer 1

Remember-you go to college so you would be able to get a better job with better pay. Once you finish and graduate and find a job it would be worth while. In the mean time apply for foment loans-one:they give you up to ten years after you graduate to re-pay them and you don't have to make payments while you are in school, two-the interest of these loans is tax deduct able. Don't worry you are putting way too much pressure on yourself. Take it one step at the time.

Answer 2

Poor financial health is the plague of the 21st century. Why? Because NOT ONE of us were ever taught in school how to effectively manage our money, or our time! This has caused snowballing debt, bankruptcies, business failures, divorces in record numbers and it has destroyed the retirement dreams of millions.

The Cure:

The Financial Freedom Society.

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Answer 3

All you can do is try to get through college successfully. Many college graduates have hefty student loans to repay. All you can do is concentrate on your schoolwork and try to minimize your expenses. All colleges have financial advisors who ought to be able to give you better advice on your particular situation than you are likely to find here.

Answer 4

Pay yourself first! Set up a Roth IRA and contribute max, then 401k, then pay off other things. Work hard and save a little bit everyday.