July 25, 2006
College Expenses
How does the government really expect people to go to college when many people have problems like this.
As of finishing my master's degree, my debt hovers around $70,000 -- it will grow to over $100,000 by the time I pay it off. My repayment schedule reaches into my late forties, at $650 a month. If I do the kind of low-paid, meaningful work I want to pursue -- teaching, writing, grassroots organizing -- I will likely struggle to make each payment.
This makes me feel pretty happy about the $400 I am pissed off about having to pay for grad school this year, not to mention that my parents paid for my undergrad so I don't have loans from that. $650 a month for student loans is a HUGE hole to have to climb out of.
Posted by adyer at 7:15 AM
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