10.23.2010

Unexpected Debt

I got a letter from Direct Loans in the mail today. Apparently, they were never notified that I enrolled in a different college and assumed I had just dropped out of my previous school, meaning that I am expected to start paying off my $7,000 in debt IMMEDIATELY. However, that is not the case. As soon as I moved back into my parents' house I re-enrolled in the local community college, so now I have to submit a "loan deferment form" to prove that I am, in fact, still enrolled in college, therefore pushing back the day that I have to start paying off the loans.

Oh, but that's not all. Nope. I asked my dad if this loan of mine was covered by the money left over in my college fund and guess what the response was...

Yep. You guessed it. I am now responsible for paying off over $7,000 in education-related debt. I was totally caught off guard by this because I was under the impression that there was enough money left in my college fund to cover the payments. But now that I know that's not the case, I'm wondering how in the WORLD I am supposed to pay that off. Being unemployed sucks. Especially when you have other monthly payments to make and another year of school that you have to take out more loans for. Oy.

Now, I know that my amount of debt is minor compared to what most people are paying for college these days, but I still can't pay it. So I still consider it a lot of money.

I guess there's always a time to start being a "real" adult, right? Thankfully, this past Wednesday I got a call from a local fitness center where I applied for a child care job to let me know that I got the position! YAY! Unfortunately, I don't start until the beginning of November, but hey. It's still a job!

Right now I'm just trying to figure out how I can cut corners on my spending and how I can afford to go to school next year while still making all my monthly payments for regular living expenses.

Oh, dear Lord.

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