Hi, Lovebugs! Forgive me for the mini-break. I am juggling a few projects (including a redesign of this site). Luckily, the worst is behind!
Anyway, I read this blog post about student debt rising and was shocked.
From the N.Y.Times article:
College seniors who graduated in 2009 had an average of $24,000 in student loan debt, up 6 percent from 2008, according to an annual report from the Project on Student Debt.
The article suggests that many of the students who graduated had taken out their loans before the recession hit. Let’s hope so.
No more debt sexy. College is a beautiful thing, but loans can take a quite a while to pay back. Here is an interesting Q&A with an author who is not a fan of the student loan craze.
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Those college debt numbers scare me, especially when placed next to how many grads get good paying jobs. When I graduated college in 1970, I knew my dad had taken out a loan to help pay for my schooling. I had also worked summers and holidays. I thought dad had taken out a $6000 loan for me. But I found out in 2010 it was for $800. Quite a bargain, but I couldn’t get work in my field of study. I have probably made less than two thirds of what I would have made in my area of expertise.
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