More About Me...

Hey my name is Jess. This is my journey. I'm a student at UNC-Chapel Hill. I'm $45,000 in debt after a year at NYU and two years at UNC. I've set a Big Hairy Audacious Goal to get out of this debt by the time I graduate in May 2010. You can also follow me on Twitter via @poorstudentnomo. Thanks so much for your encouragement and support!

Key Questions

Do you know what your FICO score is? Should you consider consolidating your student debt? Do private colleges really provide better educations? Should you refinance your college loans?


Week 12 Status:

$87 earned, $44,913 to go!

Confessions of a Poor Student

10 confessions for the sake of transparency:

1.  I highly dislike twitter. In fact, I loathe it. Quite surprising since I use it. Maybe I’m just not “up with the times.” Maybe I’m just a fan of organic connections between people. Maybe it’s because I just really hate the word “tweet” and every other spawn of it. Whatever it is, I have to admit that I can’t stand twitter, but it is definitely useful in reaching out to people (I’ll cede that point).

2.  I used to think business created every evil in the world. I almost classified myself as socialist once. I sincerely thought businesses were only in it for themselves — and while this is still sometimes true, I think there is a new generation of entrepreneurs who believe in corporate social responsibility and socially responsible products and practices. Business is simply a creation of value, which in turn leads to development.

3. I love expensive sunglasses. I fight against materialism and I preach about being frugal, but I get weak in the knees when I see a pair of designer sunglasses that are obnoxiously large and cover the majority of my face. Hey, we can’t all be perfect. I’m a work in progress.

4. Sometimes I wish I were a brunette so that people would take me more seriously. I hate when people look at me and write me off as a dumb sorority girl (note - I am in no way saying that sorority girls are dumb, just referring to a very false stereotype). It’s made me quite bitter and rebellious. Now I stay blonde just to prove them wrong — and the fact that I can’t afford to have my hair dyed. In fact, I had a guy on my flight to Raleigh ask me if I knew where Kuwait was. Seriously?

5. I can remember the moment I decided I was going to transfer out of NYU. A homeless man puked on me on the subway and I thought to myself, “There’s no way I’m paying for this.” I also mourned for the pair of shoes that gave their life to save my feet from that vile vomit.

6. I put off making my simple financial statement for weeks. IT’S SO BORING.  And it’s really not fun to look at your cashflow. But I finally did it, and it’s worth it.

7. I still haven’t made a more detailed personal financial statement. This may take a lot more motivation and actually having a more experienced person help me.

8. I almost quit poor student no more. My frustrations and my personal dilemmas (I described these in a previous post) really almost deterred me.

9. 25,000 CHILDREN WILL DIE TODAY FROM PREVENTABLE DISEASES. Shameless plug for international development.

10. I am now $45,000 in debt thanks to a new loan this year! Thanks FAFSA and UNC for lowering my grants!

Peace, love and loans,

Jess

2 Responses to “Confessions of a Poor Student”

  1. UK Says:

    Cool that you remember your exact moment of realization (re: NYU). Mine was more gradual. Although it might have been the 4 degree day and the 20 minute walk to class on Mercer Street…

  2. Michael Savage Says:

    Jes -

    Your number 2 troubles me a lot. Regardless of what you do you are doing it for yourself.

    I know you have been on a plane lately so when you travel with a child and the cabin depressurizes who’s air mask do they instruct you to put on first? Your own. Because if you don’t you cannot take care of that child.

    So perfect example. Ryan Allis. If he was not as big of a success as he is, could he be helping other people around the world as much as he does. No.

    So sure Ryan helps lots of people but he does go to work and make money for himself.

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