From Poverty to a College Degree: Angel’s Story
Without a financial safety net, one college graduate’s journey to a diploma was paved with setbacks and plenty of resolve.
By Financial Health Network
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After facing homelessness and financial instability as a child, Angel Gonzalez thought college was the way out of poverty. But despite doing well academically, the financial burdens of higher education have made the road difficult.
Even though Angel (who uses they/them pronouns) received a full scholarship to the University of Denver, the costs for room and board almost derailed their college dreams. Without any financial support from their family, borrowing federal student loans was the only option. Angel took on a cadre of jobs to pay four years’ worth of housing and food costs, all while keeping up with courses and schoolwork. There was little time for socializing.
After earning their degree in international relations and getting a job in healthcare operations, Angel completed additional training so they could work with patients directly. Today, the 28-year-old is an EMT and medical assistant in Denver, Colo., working with the unhoused population.

Despite landing a full academic scholarship at the University of Denver, taking $31,000 in loans to cover mostly room and board nearly derailed Angel Gonzalez’s college dreams.
Even as college costs continue to soar, Angel is one of many young adults who still view higher education as a stepping stone to a financially secure future. Recent research backs up that view – those with a bachelor’s degree earn 59% more than those who completed high school. However, that outcome isn’t guaranteed, with many left grappling with low wages and limited job opportunities upon graduation. And even for graduates like Angel who find success after college, the crushing costs of student loans present real financial challenges.
Here’s their story.
Coming from an immigrant family with really low income, it was always kind of pressed upon me that the only way to get out of poverty was to go to university. As a child, I was very housing-insecure, constantly living in motels or with distant family. It’s definitely why I work with the homeless now. Until I was 14, we would get evicted probably once every two years. My dad is a disabled U.S. veteran. My mom probably should have been on disability, but was not, and had a lot of substance use issues.
“Since I grew up quite poor, I don’t really want nice things. I don’t have a super high cost of living, and I don’t have that lifestyle inflation.”
My dad is from Mexico. He came over as a child in the 1940s, and then fought in the Vietnam War and is now disabled. My mom was from Ohio, and her family was very low-income. But they met in Colorado Springs, because my dad was doing work at the Air Force base, so I didn’t speak Spanish growing up.
I just never felt like I had a stable place. But I would say in terms of my personality or resolve, it just really taught me not to value materialistic things. I don’t have any of my baby photos, for example. They were lost in one of the many evictions and that definitely hurt a lot growing up. But a lot of my friends are refugees and immigrants, and they don’t have any belongings from their childhood.
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Angel, who grew up housing-insecure in Colorado Springs, Colo. and now lives in Denver, worked nights to put themself through college.
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Angel is now an EMT and medical assistant working with the unhoused population.
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Angel, now 28, is considering taking on additional debt to attend medical school.
I knew that for the longevity of my life and to escape poverty, I needed to get educated. Additionally, of course, there was some immigrant guilt built into that as well. I didn’t really know how to apply to school or financial aid, so I would go in after class in high school and ask the librarians to teach me how to apply for college.
I got a full ride to the University of Denver, but then was shocked that I still had to take out student loans because I had to pay for room and board. It seemed crazy for someone who was housing-insecure to pay $10,000 to live in a room with three other people, plus a $5,000 meal plan. I just started crying at the financial aid office. My mom started crying. My dad started crying. It was a really big deal.
I remember going to the bookstore to buy textbooks for my first year, and again crying there. And my parents were like, maybe you shouldn’t go to college, maybe it’s not affordable. I couldn’t even afford textbooks, so I had to kind of just figure out how to survive in school.
“I just started crying at the financial aid office. My mom started crying. My dad started crying. It was a really big deal.”
In total, I took out $31,000, which I know is below the national average. But that $31,000 meant a lot more to me, because each year I worked three jobs from freshman year to senior year. I worked nights as a desk assistant, and I did all my homework while working through the night. I would do the 7 p.m. to 7 a.m. shift on weekends, which was horrible.
After I graduated, I was an analyst for three years. It was definitely the highest-paying salary I’d ever had; I was earning 4 times more than my parents had ever made combined. And then I quit my job because I thought, “Actually, I kind of hate this and it’s not worth the money.”

Angel shares an apartment with their girlfriend and keeps living expenses to a minimum.
I decided to become an EMT and go work with the homeless at the Colorado Coalition. I’m incredibly happy, it’s totally worth a pay cut from my previous role, in my opinion. I know it’s not feasible forever, because it’s minimum wage. But I know that there’s a lot of opportunity in health care – and I just really like the population.
Since I grew up quite poor, I don’t really want nice things. I don’t have a super high cost of living and I don’t have that lifestyle inflation. And that’s really helpful. I wouldn’t say the same for somebody else living on my salary. My rent is $1,700 for a two-bedroom, two-bath apartment, and I split it with my girlfriend. I would say after tax and health care, my take-home salary is $1,400 every two weeks. I do a lot of overtime, so sometimes the checks are closer to $1,800. I feel like it’s livable, but it’s definitely not fun money. I’m not saving a lot. I’m just paying the bills, paying my student loans and kind of just hanging out in Denver.
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Despite earning minimum wage, Angel feels thier work with the city’s unhoused population is rewarding.
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Growing up in poverty has taught Angel not to “value materialistic things.”
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Angel says their wages are enough to live on, but there’s little left for long-term savings.
I went back to campus three weeks ago, and I walked into the bookstore. It was 10 years later, and I’m an adult now. I wanted to see if it’s still crazy expensive. I saw a sweatshirt that cost $85 just for the logo. And I was like, oh no, it’s still expensive, I’m not crazy. But yeah, I still wouldn’t buy anything there.
I plan to take out even more debt eventually. I want to go to medical school, so I think that in the long term that will be a good financial opportunity for me. And I don’t feel afraid to take a financial risk to help my community.
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Angel took a pay cut to work with the Colorado Coalition, a job they find rewarding.
Angel is one of thousands of student loan borrowers navigating juggling debt with day-to-day expenses. For today’s students, even full-tuition scholarships often fall short of providing real financial security. Housing, food, and other essential costs still require out-of-pocket payments, and the patchwork of financial aid packages can make the landscape difficult to navigate. Recent Financial Health Network data reflects that strain: only 19% of households with student loan borrowers were Financially Healthy in 2024, compared with 34% of households with no student loans.
The cost of college doesn’t end with a diploma, and Angel recognizes the challenges ahead. New graduates are entering the job market with high levels of student debt, deterring savings and investment, according to recent Financial Health Network research. In addition, roughly 59% of Gen Z members are considered rent-burdened. With day-to-day expenses eating up so much of their income, many young adults are delaying financial milestones like buying a home or having children.
Angel’s story highlights the need for interventions like increased aid, income-based repayment, expanded work-study and emergency loans – tools that can help put college within reach for more young adults from low- to moderate-income households.
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