Oh my...college debt...?

Question

I realize similar questions to this have been asked but seeing how everyone's situation is different I'm going to ask again. I am doing the "college" thing completely on my own, some financial aid but not much, no worthy cosigners for loans, no one to help me pay, and no parents or any sort of guides on how I should go about getting loans or anything of that sort.
I am a full time student and an english education major, which means I always end up with a full agenda. I do have a job but it's only for about 10 hours a week seeing as a) it's a very small college town and jobs are slim and b) I don't really have much space to work around in my schedule.
My question is whether or not my student loan amount, after 4 1/2 years (estimated) will be around 50-60,000, is too much. I am severly stressed out about having to owe this much but think that because of my situation, it might be ok. I was just wanting any advice anyone had to offer.
Thanks!

Answer 1

As long as you work out a budget, and put money toward your loan every month post-graduation, you should be fine. It isn't going to be easy, but getting an education is always worth it.

If you are really struggling, think about transferring to a less expensive program. For an english education major, a degree from a state school can be just as valuable and may be more affordable. Additionally, keep an eye out for available jobs on campus - they pay well, and work around your class schedule. Best of luck to you!

Answer 2

Many lenders offer student loan consolidation programs which can lower the amount you pay towards your student loans along with a lower interest rate. The payments are spread out more over time and can go up to 30 years. However, you can still look for outside scholarships to help minimize the student loans. I will list some free resources below which can help. Good luck!