If you’re like most college graduates then you probably finished school with student loan debt.  It has been estimated that the average grad now walks away owing around $25,000 while the total value of outstanding student debt in the United States has recently topped $1 trillion. There are a lot of people out there talking about what this means. Some are saying it’s the next economic bubble set to burst, while others believe that if grads would just get their heads on straight and get jobs then we wouldn’t be in this mess.

I’m not here to talk about all of that. Most people are already tired of the negative talk about student loans. I think it would be fun to turn the whole issue on its head and reveal some of the life lessons I’ve learned from my experiences with debt.

1. Your Credit Report is a Measure of Your Responsibility

There have been stories floating around the internet about employers checking the credit reports of potential new hires and using this information in their decision making. Credit scores and reports are also used to determine if you are eligible for any sort of loan (auto, mortgage, etc.). If you have a sketchy report or a low score then the chances of getting that job or the money for your new motorcycle are seriously limited.

What loan officers and hiring agents are looking for is how responsible you are. Do you meet your financial obligations? Do you pay on time, every time? Sure, this is just one measure of responsibility, but someone who is irresponsible with money is probably generally irresponsible overall. Like it or not, you will be judged by your credit.

Recently my fiancé and I began the process of purchasing a house. One of the first things the bank did was check our credit scores and histories. My score was close to 800 simply because of my student loans.  I have no other debt, but I diligently pay my loan bill on time month after month. This certainly helped us qualify for the mortgage.

2. If You Don’t Ask For It (or work for it), You Won’t Get It

My monthly payments after I graduated were quite high. I struggled to make the payments for about six months before I finally decided to restructure my plan. I consolidated my loans and got myself on an income-based repayment plan. Making the monthly payments is now much easier and I am much more comfortable with my financial situation.

What I realized is that if I hadn’t asked for this restructured plan then I never would have gotten it. Sallie Mae didn’t care that I was having a tough time… they would have simply sent me to collections. I had to ask for what I wanted, and then I had to do a little work and jump through hoops to get it.

Similarly, a new position opened up in my company not too long ago, and I was certain it would be offered to me. I was pretty disappointed a few weeks later when a co-worker got the job and I didn’t. Later I asked my boss what made him choose the other guy and he said that the other guy directly asked for it and that he didn’t realize that I had even wanted the position. The other guy asked for it, and he got it.

3. Setting Goals Works

Dreaming about what I wanted got me nowhere; I didn’t know what steps to take to reach my dream of affordable payments. A goal, on the other hand, is achievable. Instead of sitting around and waiting for that position to be offered to me I should have made it my goal to get it.

Setting a goal is the only way to make a positive change. Dreaming about what you want your life to be like requires no action. It’s simply a dream. Having a dream is like having a vacation destination, but no car or roadmap.

Setting a goal gives you a target. It’s having a destination, but also knowing exactly how to get there. It’s going to take some work, and you might make a few wrong turns, but if you keep going and keep taking those steps then goals are things to be achieved and not just dreamed about.