For many people there is no way around taking out student loans. You find yourself stuck between not going to college at all and getting a loan to help you pay for it. And with the way society is going it’s nearly impossible to get anywhere in life if you don’t get a college degree. Therefore you find yourself stuck between a rock and a hard place. So you end up taking out those loans so that you can move on with your life and hopefully you’ll be able to pay them back once you get a better job.
You figure the stress is gone now because you can pay for your classes and when you finish school you’ll be just fine because by the time they want their money back you’ll be making plenty of money on your own and you’ll have no trouble paying it back. But then you finish school and the time comes. That first letter comes in the mail asking you to send in a check and you start to wonder what you’re going to do and where you’re going to get that money from.
Stress of Student Loans
Taking out a student loan can be a big relief because you no longer need to worry about paying for classes. Instead, you can simply take the courses you need in order to get your degree. The problem comes up when you are no longer in school. After all, the government only lets you keep that money for a certain amount of time and then they send you that bill and that tends to cause you even more stress. This is because a lot of people don’t actually get the jobs that they want or need when they finish school.
Another problem is that most people learn how to live on the income they have. So you may find a job (whether it’s in the same field as your degree will be questionable) and you may be doing just fine paying your bills and everything but adding a new bill in makes it more difficult for you to stay on track. You may not have that much extra after everything else you’re used to spending your money on and when that happens … well it causes you to stress out. You start to worry about how you’re going to pay back the bill and how you’re going to make ends meet.
This type of stress is mental. It’s all in your mind but that doesn’t mean it’s not a big problem. First, it starts to wear down your mind. When you’re stressed it makes it more difficult for you to accomplish other tasks. You find yourself struggling to remember things that you normally have no problem remembering or you may have headaches, even migraines. You may also have trouble completing normal tasks because that stress is hurting your mind and it’s causing you even more mental stress because of the problems. So it continues to compound over and over again.
When your mind becomes overwhelmed with the stress that you’re feeling it can also manifest itself in another way. Physical stress. This is where your body starts to feel the effects of the stress that you are facing and starts to have difficulty coping as well. You start to mentally stress out and that can actually cause your body to respond. Not only do you get the headaches we already mentioned but you may also get muscle aches throughout your body.
Many people experience physical symptoms such as back pain or tiredness. You may find yourself struggling to get through a normal day just because you’re so tired and yet at night you may find that you’re lying awake and unable to sleep for extended periods of time. All of this is a ‘normal’ part of stress. Not that you want to be stressed of course and these behaviors shouldn’t be thought of as entirely normal. Instead, they’re things you want to watch for as symptoms of being under too much stress.
If you find that you are experiencing these symptoms as a result of your student loan payments or any other reason there are answers out there for you. If you find you’re under too much pressure and you just don’t know what to do anymore you can consider talking to a professional for help with the mental side of your stress. You can also see a doctor or chiropractor for assistance with the physical part of your stress management. The most important thing however, is getting rid of the stress itself. If you don’t you’ll just have to keep seeing those other professionals to treat the symptoms because they won’t go away on their own.
What you want to do is find out how to manage the thing that’s causing your stress. In this case your student loan. If you are experiencing stress because you don’t know how to cope with the payments you do have options. If you are unable to pay your student loans you can get them deferred even longer or you can lessen the amount that you are required to pay. There are actually a number of different repayment options that you can choose from and if you talk with a professional you’ll be able to overcome this problem as well.
There’s no reason you should have to be stressed about the loan payments you have to make. You made a choice that is intended to make your life better. You decided to continue your education and go to college. This is a big step and a great step. So make sure that you aren’t getting caught up in too much stress about those loans getting paid back. You’ll be able to devise a plan with your advisor to make repayment much simpler. If you need to consolidate multiple loans to do this you can check out the form right here.