MoneyCrashers.com

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Money Crashers personal finance blog

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When I was a senior in high school, I was rejected by my first college choice, the University of Florida. So, it came down to attending Florida State University or Toccoa Falls College ( a small, private christian college). I ended up choosing Toccoa Falls College, because I liked the idea of playing college basketball and studying the Bible. I signed up for some shiny new credit cards and I was off to NE Georgia. However, I realized in my second year of college that I was financially drowning. I could not afford to attend this school. The cost of attending that school was roughly $16,000 a year. My parents helped out a small bit, but for the most part, I was financing my college education on my own. I used credit cards to pay for books and going out, and I paid for tuition with subsidized and unsubsidized loans. At the end of December 2001, I decided to withdraw from Toccoa Falls and go back home. I was frustrated to be living at home with $15,000 in debt, no car, and going to community college. But, I knew that I had made the right financial decision.
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