May 19, 2007
Student debt
Do you remember back in the good old days when you could work your way through college? A good education has always been expensive, but it wasn’t so very long ago that “pay as you go” was possible. Middle-class families could send their kids off and, with the supplemental income of a part-time job, the student could graduate debt-free. Those days are gone now and obtaining a degree means assuming a huge debt. My friend Drew graduated three years ago. He’s been paying steadily on his student loans ever since, but has fallen into arrears a few times. I think he might need to consider a school loan consolidation to reduce his monthly payments and interest fees. That would help him pay out the balance years earlier than is now possible. It’s a shame that young people have to carry such a huge burden, but once the loans are paid I know that Drew will be able to enjoy a more stress-free life and really begin to experience the benefits that will come from all of his hard work. He’s a bright and ambitious young man and I’d like to see him starting to get ahead!
[tags]debt, education, student loans[/tags]
Posted by skeet @ 9:42 am • Sponsered posts, Finance
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May 20th, 2007 at 8:56 am, Tricia Says:
I never had the joy of pay as you go schooling. That would have been nice. I had to go the student loan route too. Luckily though part of my loan got turned into scholarship due to my grades so schooling for me was a little less expensive than it could have been. It still took me a few years to pay it all back though.