Snowballing Loans, Taco Bell and My Escape to Brazil

I’ve never been wild about taking out student loans, mainly because the idea of being tied to multiple thousands of interest-gaining dollars makes me a bit queasy.

I mean, if I were given the option between eating a big ice cream cone and taking out multiple student loans, I’d probably have to go with the ice cream. Maybe that’s a poor example. Regardless, upon entering college I had no choice but to borrow an amount of money to equivalent a lifetime supply of Taco Bell. A significant sum, considering my weakness for Baja Blasts.

To add to the confusion, I had taken out both a subsidized and unsubsidized loan. The subsidized one was a fixed amount until I graduated, but the unsubsidized loan started snowballing right from the beginning. Luckily, this loan was significantly smaller than the subsidized one. Regardless, I was advised to pay it off as quickly as possible because at the end of four years, by a conservative estimate, I would owe approximately eighty kabillion dollars.

Fortunately, by the end of the summer I was able to pinch together enough cash from my job as a professional assassin (it’s boring, but it’s part of my life) to make a lump-sum payment that would cover the initial loan and the $33 of interest that had already accrued. Accrued. I’ve always wanted to use that word.

To read the rest of Evan’s awesome post, head on over to HonestCollege!!

[Lead image via karen roach/Shutterstock]



    1. Tom Hallaway says:

      Let's be honest here – who'd want to take out a student loan anyway? If given the choice, I doubt any student would want to be buried in debt before even graduating and getting a job.

    2. Adeen Aerden says:

      I’m a student of LLB course and I need much money for tuition fees and others activities as we. So last month I apply for student loans but I didn’t get yet. If I got it I hope it will be very helpful. Thanks!!!!!!!!!!!

    3. Free Samples says:

      Yes Candy, looking good for getting loan from the Taco Bell! I don’t like to take loan in a student life but sometimes it may need to take a loan. So if i face some sort of financial problem, then definitely i will contact with the Taco Bell for getting some sort of financial service. Thanks

    4. Wil Stamper says:

      Student loans a crucial part of loan that is especially for students and it provides a complete monetary support to deal with their course fees; in several area student are used to go for applying student loans to complete their studies and then recover or repay it through different installments after completed their course of studies as per decided with the financial organization from where they took loans. There are several kinds of escape or fraud issues are arising and here we have found a little bit of escapism that might be bring some trouble.

    5. milton says:

      Loan @3% to pay all your bills and start up us via email;

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