Verified Submission
financialStudent Loans
#RI-69f86193Β·5 months agoΒ·
1
Author avatar
Lookback: Unknown

β€œAttended an expensive private college at 18.”

First the liabilities. I'm 40 and I have about 85k in student loans. When I was 18, everyone in my community went to small private colleges that really bled me dry. Live and learn 😞 I recently consolidated all of my credit card, car loan and personal loan balances into a heloc, about 50k at 8%. I have 4 kids, aged Kindergarten to 7th grade.

My month to month looks like the following:

W2 Day Job - $5,100 after taxes and insurance

1099 Evening Job - $1300-$1700

Wife 1099 - $950

**Total

What I wish I knew
"N/A"
If I could tell you one thing
"N/A"
0
5/10
Significant downsides.
Complicated feelings about the outcome.
SettledMixedSevere

Advice for Someone Facing This

Short, upvotable wisdom. The most helpful rises to the top.

No advice yet. Be the first to share wisdom.

Discussion

React, question, or discuss this decision.

Sign into join the discussion
financial Category
1,609
financial decisions logged. Avg regret 5.4/10 across the category.
Same Outcome Band
13%
of financial decisions land in the mixed band the same as this one.