Reality check: for adults

One pair Occupy Wall Street feature called Kate, 25 young woman, who had come 纽约马里兰 hoping to become an actor in many news reports. In the meantime, she worked in a restaurant, struggling to repay $ 50,000 in student loans, and without health insurance from unexpected medical expenses. She came to Zuccotti Park, because, she said, “I just want some kind of hope for young people to start, and who think of stacking the deck against them.”

I would like to give Kate some hope in the stabbing, and some practical advice a.

Let’s start with a reality check. young generations to New York to seek fame and fortune on his T stage. Relatively few people have found that both, regardless of the economic situation. And trying an expensive cities such as New York’s success is a double whammy in such a highly competitive business.

Kate might not want to hear this, but she might be better perspective of economic and professional point of view, if she headed back to Maryland or elsewhere, trying to break into the local theater. Most young people would be better if they went to a bright employment prospects and affordable cost of living in the city (ideas, see our slide show 10 major cities for adults).

On these student loans. her credit, Kate admitted that they were her own, called her decision to pay out of state tuition, “my $ 100,000 mistake.” However, there are ways to ease the burden, including graduated payments and federal loans based on income also paragraph way (see lighten the burden of student loans). These options can be expanded on the recommendation of the White House recently proposed. When

But Kate hit home, she pointed out, the school would cost a lot less, and she stayed in Maryland. I can not stress strongly enough, out of the debt trap students the best way to avoid it altogether. By selecting a school began to fit into the family budget. Public college or university in the state is a choice to attend; the other is to find a private school, so the students a lot of assistance (see best value private colleges). For more ideas, see how to limit student loansdebt.

As health insurance. I do not know Kate’s case DETA ILS, but there is no need to uninsured up to 25 years old. Unfortunately, Kate is at a disadvantage living in New York, which has some of the highest in the country’s health insurance. In most countries, a healthy person in her early twenties can buy their own health insurance less than $ 100 per month (see how to get insured university graduates). If cost is an issue, or if a pre-existing condition, is involved in, adult children can now stay on their parents’ policies until the age of 26 (our test, for more information). Meanwhile, Kate and I would recommend the hospital to negotiate, to accept a smaller amount of (see your medical expenses to save thousands).

This proposal may not solve all the problems Kate. But it is likely to make her feel better, if she had done something positive now, she was headed home from Zuccotti Park to improve her condition.