I love my parents dearly. My parents gave me a lot of things throughout my years that I could never thank them for enough. They gave me a memorable childhood. They’ve provided me with a love of dance, a strong sense of self, the ability to love and the courage to chase my dreams. They also equipped me with a thick skin and strong morales. All things I find beneficial to a bright a future.
One thing they did not give me was a college fund. As a result, I found myself taking out loans on top of loans for a school I really couldn’t afford. And of course, I had to deal with the poor financial planning upon graduation. That meant adjusting my lifestyle tremendously to make on time payments, deal with harassing phone calls from student debt collectors, live with my parents much longer and worry about ever moving up. My parents weren’t rich by any means and still managed to provide a full life for my brother and I so I don’t fault them at all for my struggles.
Thankfully, I have since learned how to better manage money and have a great plan in place to be completely debt free in 3 years. The stress hasn’t completely gone away and I’ve still had to adjust my lifestyle but it’s great motivation for reaching my goal. I know it won’t be like this ever. It’s just what I need to do right now.
Despite the stress, struggles and sleepless nights I’ve encountered from drowning in student loan debt, I refuse to have a college fund for my unborn son. And it’s not because I have the mentality that, “I struggled so you should to.” It’s because I don’t believe in what college funds represent.