For some background I am in my mid 20s and living at home with parents pursuing a degree in accounting online part time while working full time. I know I’m incredibly lucky to be in a position where I can save most of my money and not have to take out any loans as of yet.
The reason I am considering taking out a loan is because I’ve just had a string of bad luck with the jobs I’ve worked. Most of them are very low level jobs that don’t do anything to build my career and don’t pay much. One place I worked I was harassed at, a temp job I worked I ended up doing two jobs for the same pay because management dragged their feet on hiring another person, and another went out of business months after I started. Currently at this fourth job in 1.5 years that’s suppose to be temp to hire but I’ve been getting strong signals that I won’t be going permanent here because of the department being restructured and the job I’m doing anyway is not what was described.
Regardless, I’m kind of tired of working these type of jobs and just want to get this degree done with so I can get a higher paying job and become more independent. If I went full steam ahead with classes full time I could finish this degree in two more semesters (Fall 2024 and Spring 2025) opposed to end of 2025 or early 2026 at the pace I am going. I figured since it would just be two semesters combined with what I have saved it wouldn’t have to be a huge loan, but I know people generally advise to stay out of debt. At the same time though, it would be nice to just get it over with and get a job that is career building and long term.
Just wanted to ask if this was a good idea or if there’s a better path I could take.
original posted by calliesomething to r/personalfinance on Thu, 18 Apr 2024 15:31:43 GMT.