As a college student, one often finds themselves lacking in funds. It is not so much that one always lacks money but $4.50 Starbucks drinks take precedent over sleep, $6.50 movies are much more worthwhile than studying, and keeping a car running saves one from the dangers of hitch hiking or, God forbid, walking.
The point is, these costs add up. Throw into the mix a credit card that you only have to pay attention once a month, or once every other month, be limited to minimum wage part-time job opportunities and you have a recipe for debt. Toss in a struggling Grad student who is smarter with money, but unemployed and having to pay for expenses, and the debt balloons.
I was blessed though. I had two wonderful parents who rather, than see my credit score plummet, decided to pay off my debt. Not only in college, but again in grad school. It wasn’t a free pass. My dad kept very good records and I am expected to pay that money back. There was never any interest on the debt nor was there a time frame to pay it back. But as of today, I still owe $3781 after already paying back $4025 (I told you it added up). I would love to have every cent returned to them by the end of this year if possible.