I am a college student -- I am also on SSDI -- disability. I am also 63 years old. I will start working from home when I finish college in 2 years at a job that pays me quite well because of my degree -- a much better income than before Disability. And in addition, I will be able to still collect $1,050.00 in Social Security Benefits -- as I will be of retirement age when I graduate. But I will also have student loans to pay back. That's the reason I am in debt. Also, I am an artist Digital Media Artist / Animator / Game Development Major who had to first study 2 years of Graphic Art & Design. A field of study that costs a lot in supplies. I have thousands of dollars worth of Art Supplies and equipment from my classes. I get reimbursed by the government at tax time but only by a fraction of what I actually spent/spend each semester. That is why I'm in debt. In this country, --- being in debt -- it is a necessary part of being a student who wasn't born wealthy.
I am bi polar and although I am on meds I still go through manic stages where I shop on
line. I don't do it because I need the stuff because most of the time I don't. I just can't stop myself. I am in debt because of it. I have maxed most of my credit cards and use my debit card until the money is gone. I need help.
School debt is my life long burden. No other debt; only regular living expenses. Been without credit cards for nearly 8 years. I'm 61 and in the education field so have never had high income. As a single parent, I put 2 kids through college and am nearly done paying off the part of that parent debt that I was responsible for. However, my own school debt (also went back late in life) has blown up since in deferment while paying for my kids and now forbearance while I figure out how to make giant payments that are half my take home pay each month. It is a nightmare! I will go to my grave with this debt. I truly question the value of a college education because the cost is high in so many more ways than just the dollars and cents of it. It is constant stress over the loans, which started out small and have grown like monsters on steroids.