I would like your opinion about returning to College now or later.?

I am asking this question because I am debating going back to school right now. I currently have 73 credits but only 64 that transferred to my new school. I have been on a break for the past year mostly because I stopped being able to afford school. I am debating on whether to go back now or pay off some of my $50,000 + in loans and then go back. I am working on a finance degree and currently have a full-time job in accounting. My job is okay for now. I am 21 and I am making $33K a year which is about $23K after taxes. I started taking classes online but my motivation is just not there. It seems like for the past year, everytime I try to pick up a book, I start worrying about adding to my school debt and trying to keep my personal debt under control. I plan on finishing but I am not sure now is the right time. What are your opinions? Thank you.

I would like your opinion about returning to College now or later.?
No matter if you go back no or go back later you are going to be paying for school. However, school prices do go up every year so you should consider that too. I disagree with the person saying if you wait, you won't return. I waited 7 years and went back...I graduate in October...but I did classes online and loved it. If you are having doubts then I say hold off until you know for sure this is what you want to do.
Reply:git er done
Reply:I didn't take loans out for my first two years of school and all my friends did. While I was working my way through school, my friends were in school full-time. At about 24 years old I was making 33k per year and my freinds about 45-50k, so I thought it kinda evened itself out because I didn't have 40k in student loans. At 27 all my friend are making 70k+ and I still make the same amount of money and am still working on my degree because I could only afford two classes per semester (and some semester none). So, this semester I am taking a full course load and took out a 20k loan.





Moral of the story, finish school first, even if you need to take out loans. You will work at higher pay when you get out, so it doesn't all just work out the same. I was very wrong and paying for it now. Work part-time for some extra cash and pay for books or one of your classes here and than yourself it you can. That will lower the amount of your student loans.





Your loans should be in forbarance while your in school. See your aid office if they arn't. Most student loans don't need to be paid until 6 months after graduation, so you have time to find employment. Some are even intrest free until your forbarence period is up.
Reply:I say finish school. check your mailbox
Reply:Debt is so stessful.. but you have to keep in mind that when you have your degree hopefully you will be making more moolah... just make sure if you take a longer break you don't completely demotivate to finish... cause your so close!!!
Reply:Go to school! If you go to school you will get a better job probly,be smart, and get better money with the better job.
Reply:I think you need to look at what the pros and cons are for getting the degree. Would it mean more money for you in the future? Is this the career path you truly want? Does the company you work for offer some kind of continuing education reimbursement? How long would it take to finish getting the degree? Are there any night classes you could take or online courses so you can continue working? Is there any financial aid available to you either through the government or private organizations?





I personally think that the sooner you return to college the more likely you will be to finish your degree. The longer you put it off, the less likely you will be. Life has a way of getting in the way...romance, family relations etc... may crop up that give you further excuses of why the timing is not right.





I wish you the best of luck!
Reply:Go back now and finish. If you wait any longer you will more than likely be even less motivated. What is the point of going for as long as you did and spending all that money if you aren't going to finish? Just go back, get it done and over with then you can get a much better paying job, be able to pay back that debt a lot faster and be much more satisfied with the outcome.
Reply:you should go back now. most of the time when people wait to go back to school they dont end up going back. go and finish your degree and before long you will be making at least 2x your current salary. there are so many possibilities once you have a college degree. go back and have fun, then worry about money.
Reply:Ok. Go back to school and stop worrying about personal debt. An education is best kind of investment. If you don't finish your degree you will probably be making the same amount (maybe 2-3K more) in ten years and you will severly limit your promotion potential.


Student loan debt is the best debt to have. As long as you keep your loans current once they go into repayment (6 months after graduation) you are going to be fine. Keeping them current is easy. Most lenders are fairly flexible with your payment options and you can request a forebearance (if they are federal loans) if you are not prepared to pay them back. Bear in mind that while in forebearance, interest will accrue and you will ultimately be responsible for paying it back. Now is the right time to go back. You are well ahead of the game with that many credits transferring and if you don't complete it, it will all be in vain and you will also have the 50k debt with nothing to show for it. Stay away from Online Universities. You will never have the motivation to study for this type of arrangement. Its too easy to be distracted. Go to a traditional school and manage any other debt you have--credit cards, car loans, etc. This is what you should be worried about. Student loans are fine.


Personal note: I had 67K in loans once I finished my Masters degree. I now make 85K and am slowly chipping away at the debt. Its really no big deal.
Reply:I would think about two things first the longer you stay away from that school enviroment the harder it will be for you to go back. Secondly, once you complete school although you are going to be paying back some debts, are you going to make more money with your degree? If you happy with what you are accomplishing now, by all means continue the path that you feel is right for you. No one is able to make that choice for you,. It is too big of a big deal to let someone else handle....
Reply:If your not motivated it is a waste of time. I say pay of some of your bills before the interest gets worse.





You probably are less motivated because you know how much more college classes are going to put you in debt. Once you are able to get rid of a big chunk of the debt you will be more motivated.
Reply:first you can do is pay off your debt first, because the interest could be more bigger and make more bigger your total amount. and then, after the total amount of your loan is reasonable with your financial budget. you can arrange to come back to your school.

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