Monday, Dec 23, 2024

I donated my eggs to help pay off my student loans. I made nearly $50,000, but I'm still in debt.

The author while studying abroad.
  • When I earned my master's degree, I struggled to pay my student loans.
  • In my 20s, I saw ads for egg donors and was curious to check it out.
  • Seven egg donations later, I'm still struggling to pay off my student loans.

As a new college graduate trying to break into the competitive job market, a master's seemed like the best way in — maybe the only way in.

Thanks to my parents, I was free of undergraduate student loans, so I thought taking on student loans for my master's degree wouldn't be the worst decision. I enrolled in a program at the London School of Economics and Political Science as an international student.

Now, a decade later, I'm still weighed down by my student loans and no longer work in my field of study. While my master's degree from a well-respected university still holds a lot of weight, I wonder whether it's worth the debt burden I continue to face.

Over the years, I've had to get creative and be resourceful to make a dent in the debt that comes with being a student.

Looking for alternative ways to pay off my student loans, I decided to explore egg donation

As an early-career professional working in international development and political conflict, the lucrative options were slim. I struggled to make student-loan payments to minimize the rising interest rates. For a few years, I eyed the flyers around the university campus and the Craigslist ads online looking for egg donors. Mystified by the concept and eager to supplement my income, I explored the option more in depth.

While I was initially hesitant at the thought of donating my eggs — from the intensive process to the idea of someone else using my eggs to create life — I eventually found a fantastic fertility clinic that helped answer my questions and assuage my concerns.

The process involved a series of health screenings, interviews, and questionnaires to ensure that I was physically, mentally, and emotionally fit to be a donor. I then created a detailed donor profile, complete with pictures, family history, hobbies, and grades — all to help match me to prospective parents. Once I was matched with a couple, the process took a few weeks.

I had several doctor appointments for blood draws and ultrasounds, gave myself daily injections of hormones, and was put under a mild anesthetic on the day of the retrieval. I then needed a few days of rest to recover.

Despite many donations and thousands of dollars later, I'm still in debt from my student loans

As a first-time donor with the clinic, I made $5,000 for my time. While I was initially wary of the process, I got over my fear of giving myself shots and the uncertainty around the temporary changes in my body.

Though the process is not comfortable and takes over my life for a few weeks, I felt empowered with new knowledge about my health, my fertility history, and my ability to help hopeful families, while receiving sizable amounts of money for my debt.

So I continued to donate again and again — and now have donated seven times.

Have my student loans been paid off? No. Despite the money I've received after each donation — rising to a total of about $50,000 — I still haven't been able to pay my student loans off.

For many years, I put my body through physically and mentally exhausting processes and donated hundreds of eggs to pay off a loan for my education. Yet I am still in debt.

I now think there is something fundamentally broken with a system that forces people to choose between pursuing an education and a career, and living free from debt — and to go to extreme lengths such as selling parts of their body to try and erase their debt.

Read the original article on Business Insider
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By: [email protected] (Alicia Erickson)
Title: I donated my eggs to help pay off my student loans. I made nearly $50,000, but I'm still in debt.
Sourced From: www.businessinsider.com/donated-my-eggs-to-pay-student-loans-debt-2023-10
Published Date: Sun, 29 Oct 2023 11:29:01 +0000