Student Services

Financial Literacy - Testimonials

Financial Literacy at the State College of Florida

Below are testimonials regarding college loans and a student's future

“I am $18,000 in debt. I’ve declared bankruptcy, but they won’t forgive my college loans. I was crazy. I heard you could get “free” money by taking out loans which I did.  Sure it was fun to get the check, but nobody told me I would really have to pay it back. I don’t know how I will ever get out from under this burden.”  …….L.D.

“When I was in college I wanted to dress like my friends who had all the latest trend clothes. One friend actually owned 25 different pairs of slacks with coordinated tops! I didn’t have the money to buy these so I asked my parents if they’d co-sign a loan for me. They said “no.”  While I never knew it or appreciated it then, they knew best. Following graduation ALL my friends were paying back loans for the next ten years. Not me; I was sending them all postcards from Europe. I graduated with no debt and as a result, I was able to take annual vacations to Europe. The first one was backpacking on $5 a day, but in subsequent years I was able to afford four-star hotels. Thank goodness I didn’t take out those loans!”   …….P.L.

 

If you have a testimonial about college loans that you would like to share, either with a good outcome or disappointing aftermath, please contact winterf@scf.edu

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