Hustle and Bustle: How I clawed out of student debt, and why I regret it

I was in my final year of high school when I asked my Financial Literacy teacher what would happen if I couldn’t pay my school fees. She told me that OSAP would take care of me, and that I needn’t worry. Instead of calming my fears, I just found another one: how would I, as 17 year old, gangly, pimply, not-that-smart girl ever be able to pay back $40, 000 worth of debt?

Well, I’m still gangly, my pimples are worse than ever, and in three years, I don’t seem to have gotten much smarter – but I am not in $40, 000 worth of student debt. Actually, with a balance owing to the National Student Loan Service of $0, I am far from it.

Here’s the how of the story:

I worked two jobs in high school, taking on extra shifts at both the local Dollar Tree and Shoppers Drug Mart, equaling around 35 hours each week of work.

Once university began, I reduced my hours at work to 25h/week.

A year into university, I was recruited at TD Canada Trust, where I was given a 30% pay raise. I kept the same working hours.

During the summer of second year, I worked an average of 35h/week.

During the fall of third year, instead of going back to school, I went to work full time whilst maintaining my part-time job. This brought me to a stout 70h/week.

This also brought me immense anxiety, that I thought I could deal with because, well – that’s how it’s always been. I went into university knowing that I would likely be in debt. And that terrified me. So although I wanted to learn, I had this great big burden over my head. I’m not the only one.

Academically, I am doing well. But by no means am I doing spectacular. With a CGPA of 3.49, I am not even eligible for the Dean’s List distinction (whose cut off is 3.5). I have not been as involved in the community as I would like to have been. I have not been as active on campus as I would like to have been. I have not lived as I would have liked have. As my friends have.

So I suppose there is a trade off. I am not in debt. But yesterday, I went to work with a 102F fever, and I cried for the entirety of my four hour shift. I had already worked 8 hours at my previous job, and now I was at my part-time job, crying and shaking and creating all kinds of scenes. I should have called in, but in all my years of working, not once have I called in sick. Not even at Dollar Tree. I am the reliable employee. I am the friend that shows up. I have been accountable to everyone but myself.

After the scene yesterday, I’m not sure of my position at my job. And although terrified, it is also a little bit liberating. To do something irresponsible. After years of living a life even many adults cannot withstand, maybe I can learn to be a child again. A reminder that I am 20, and  that mistakes happen – even to anxiety driven perfectionists.