Filed under: Advice, Career, College, College Students, Financial Aid, Post-College, Post-Secondary Education, Private School, Public School, Resources, Student Loans, Tuition, University, scholarships, textbooks
College Scholarships.org has the bad financial news for college students explained simply and graphically below. The immediate effects of student loans are explained, as well as the long-term effects (the ones you thought you’d be done thinking about that many years down the line). I’m hoping that the nationwide foreclosure situation has educated everyone as to what happens when people are allowed to borrow beyond their means.
I get it that paying for college so you can have some decently-paying career options is a big fat Catch-22 as well as a vicious circle. It also just plain sucks a real lot. However, it’s still better to have the information prior to heading into the jungle. No one’s going to make you use the info, but it’s good to at least have it back there in your grey-matter archives, just in case.
Posted by Alexa Harrington
(hat tip to jennifer)
[...] Read more from the original source: Educated Nation–Number-Crunching the Effects of Student Loans … [...]
Pingback by Educated Nation–Number-Crunching the Effects of Student Loans … « Student Loans 09.28.09 @ 9:13 pmHello,
Great site, I was curious if there is an email address to contact your sites admin.
thanks!
-Daniel
I think that getting the education and diploma are the important part, but all too often students feel they MUST attend a particular college when it really is unnecessary for the career they intend to go into. There are cases where it will matter, but a majority surely spend more (borrow more) than they really need to in order to go out into the world and accomplish their professional goals and get hired.
Comment by Lynn M 09.29.09 @ 10:21 am@Daniel–My About Page is wonky at the moment (my tech people are working on it), which is why no one can find my e-mail address today. It’s alexaharrington[at]gmail[dot]com. Sorry about the technology weirdness.
@Lynn–Yep, I have yet to understand the crazed need parents and their college-bound offspring seem to have about attending the top 25 household-name having schools. There are over 3,000 schools in this country, and every student should be able to find one that won’t cost over $30,000 a year to attend, whether due to private school tuition or out-of-state tuition.
Take care,
Alexa
Comment by admin 09.30.09 @ 11:23 am