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I deal with debt elimination in my line of business and I am amazed at the student loan debt that people are accumulating. Don't fall into this trap. I tried to help a young lady and it was too late. She had a Master's Degree and that couldn't even help her!
She had a $125,000 student loan that she said was in deferment for three years and she didn't need to start paying back right now. I figured it out and if she started paying just $300 per month on that, starting right now, she would never have it paid off in her lifetime. If she started paying it right now at $600 per month, it would take her 37 years.
We need to educate these young adults. We need something because older adults that should be responsible are lending all this money out knowing that a lot of these kids cannot pay that kind of money. They are ruining their credit. Think about all the credit card offers these kids get. I have three sons and each one gets at least 1-3 credit card offers a day. That is truly ridiculous. I just had it stopped. You can opt out of all these offers. Do you realize it is harming your credit too? Every time they check your credit to offer these, it bring your score down a little bit.
Please, please, if you can get some kind of scholarship or go to a community college or technical college for two years to get some of your core classes out of the way, it is much better. Then if you want, you can transfer to one of the bigger colleges. It is not worth it to spend that kind of money.
Most kids think they will step out of the college door when they graduate and be making what Mom and Dad are making. I know a lot of kids that are working in restaurants until something opens up for them. We have got to educate them. If you are in GA, take advantage of the Hope Scholarship and Hope Grant, fill out that FAFSA! Fill out every scholarship application you can get your hands on. It does pay off.
By Brenda from GA
If you receive any kind of Stafford, Perkins, FFEL, or plus loans (all federal), the loans are discharged at the death of the student or the parent. So just pay on it like any bill, with no eye to ever paying it off. No one will be saddled with it later on. They can also be renegoiated several times so that you get a very low interest rate. Never borrow against credit cards.
As a university student, I often found times tight despite not being one to party like everyone else. I could just never understand why everyone always had money and I was often broke and pinching pennies for groceries. However, when I left school debt free and they spent years paying back credit cards, I was the one laughing!
Here are a few of my university student meals that I still love!
Buy cheesy Hamburger Helper. Buy the cheapest box of mac and cheese you can find. Cook both according to directions, adding onion to hamburger during cooking and a drained can of mushrooms. When cooked, combine and enjoy.
I am also a college student and I sympathize with your situation. Here are some recipes that are inexpensive, fast (rushing between classes etc), and relatively healthy.
Small piece of boneless skinless chicken
(I use frozen chicken breast strips which I buy when they are on sale $7 for 3.5 pounds)
Frozen Broccoli, Green Beans or Asian Mix veggies ($1.50-$1 on sale)
Garlic (2 cloves)
Half an onion
Rice or Noodles (I prefer brown nice but it takes a while to cook)
Brown the chicken in a little oil add onions and garlic until translucent. Then add frozen veggies until they are cooked all the way through. Serve over rice then add soy sauce. Or if you have time add the soy sauce to the chicken and let it marinate in that or teriaki sauce if you have it on hand.
This whole meal will cost you and your boyfriend about $3.50 depending on what's on sale and how much chicken you want. Depending on how much you eat you should have left overs for lunch!
Variations: Add noodles (linguine or fettuccine, or add ramen noodles that you cooked without the seasoning packet)
One piece of boneless skinless chicken breasts
Cooked Rice (brown or white)
Frozen peas and carrots
Frozen Broccoli (if desired)
Cook cut up chicken with onions and garlic in about 3 tablespoons of oil, add frozen veggies, once they are cooked add the rice. Then scramble the eggs with a little pepper and add over the mixture and begin stirring the mixture until eggs are cooked through (about 2 minutes) serve with soy sauce and/or asian hot sauce/chili paste.
About $3 for two people. It's very filling.
You could also add left over beef or pork cubed. If you don't have meat you can just add more eggs.
Bean and Rice Burritos
There is a reason they are on the dollar menu at your favorite mexican place. They are very cheap to make. Here is how...
One Can of Black Beans or re-fried beans
One cup of cooked rice (or 1/2 cup uncooked and prepared)
4 flour tortillas
(these can be expensive depending on where you live, you can also use 6-8 corn tortillas and make them into tacos)
(or whichever salsa you prefer a small can in the hispanic food section of the grocery store is about 60 cents)
Cheese if desired
Veggies if desired (peppers and onions are my favorite!)
Combine cooked rice with beans in a pot and heat slowly add cheese if desired of veggies (honestly even broccoli works here). Scoop into tortillas which you have heated over the stove (if you have gas) or in the microwave add salsa and/or hot sauce.
This will keep you full for hours and is very portable if you are running late for class. If you want double this recipe and keeps some burritos in the fridge that you can take with you to class or have for a quick dinner.
Also about $3-$4 for two people with lunch left over.
Add left over chicken or whatever you have to get in more protein but the rice and bean combo should give you enough protein. You can make it fancy if you entertaining by placing the burritos in a baking dish and covering them with red salsa or enchilada sauce and cheese.
Staples to have on hand
The grocery store can seem scary especially when you are cooking on your own for the first time. You should try to stock up on these things when they are on sale. Even when they are not on sale they are inexpensive. They are something that you should always have in your house since they are so versatile and allow you to make food in only minutes.
Frozen Chicken (in small portions)
Even though you are two people chances are you are not going to go through a multi pack of chicken in a week (and for the sake of your budget you shouldn't!) When you get home from the grocery store freeze the chicken in individual zip lock bags write the date and type of meat with a Sharpe) Oftentimes the butcher case has better deal on meat then the pre packaged meat so make sure you check it out.
We have all seen veggies languish in the bottom of the fridge. Frozen veggies are always ripe and never rotten they can be stored in the freezer for a about a year. Don't buy the veggies with sauce on them they are more expensive and unhealthy. Get broccoli florets, frozen peas and carrots and green beans. Trader joes has a good frozen peppers and onions mix. Try to buy them on sale but even if there not on sale the store brand is normally $1.50 a bag.
I like brown rice but it is a pain to cook. So make about 6 servings at once and then keep the left overs in your fridge. Brown rice and beans is a complex protein. It's only slightly more expensive then white rice and keeps you fuller longer. You can buy it in bulk at health food stores etc.
A can of beans is around 90 cents and can act (coupled with rice) as a meat substitute. Make sure you rinse the beans well because often they are covered in salty bean water. You can make these yourself by soaking them over night and then boiling them but for me it's not worth the effort to save a couple cents. This way you always have them in your pantry ready to go. You can use black beans, kidney beans, etc for chili as well.
A college stable I prefer whole grain pasta because it keeps me fuller longer. I buy it when it goes on sale. You can get it for $1 a pound. But if you love white pasta you can use it just be aware that you shouldn't have it for every meal! It's fast to make and can be used for asian as well as italian meals.
A great addition to any Asian meal! I get the low sodium kind don't get a name brand if you have a trader joes near you their soy sauce is only $2.50 for a large bottle.
That bright red sauce in the asian food section of your market. It spices up any dish and can be added with soy sauce if you don't want it that hot.
You can buy it cheap in the HISPANIC section of a normal grocery store or even better at a mexican market (they also have cheap produce) get the cans to start off with to see what you like then invest in a jar.
When in doubt add hot sauce! That is my mantra. You can get tapatillo for 60 cents a bottle. You can add it on eggs, mexican food, mac and cheese, the possibilities are endless!
Salt, Pepper, etc.
I highly recommend that before you go to the spice section of your grocery store you check out the hispanic food section. They have packages of pepper for very cheap. As well as entire and crushed oregano for 60 cents. Cheaper then the Italian spice blend. But even if you have to pay full price for store brand it's a good investment to get some chili powder (for chili), salt, pepper, and if you want taco seasoning envelopes to make ordinary dishes more exciting.
Learn to love them they are cheap (aprox 67 cents a pound) and portable. Have one for a quick breakfast or a snack in class. You'll still need variety so get whatever other fruit is on sale make sure you weigh it first and calculate the cost so that you don't get surprised at the check out.
I hope that helped!
I have to run to class but if you want feel free to contact me or comment on this and I will write more ideas.