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I've read quite a few of these stories that seem to posit that starting your post-college life with $30k in student loans is essentially life ending. I owed abo
by fred_is_fred 6y ago
I've read quite a few of these stories that seem to posit that starting your post-college life with $30k in student loans is essentially life ending. I owed about 27k in 1998 when I graduated and although I had to make some sacrifices, like driving my college car longer than I wanted to, it was okay in the end. I paid more than the minimum and applied every bonus to the principal. In the end, it was all paid off and everything was okay. Back then rates were around 5% for the loans, they are much better now.
Here's another story of someone who thought $20k was so hopeless he's fled the US and says he will not return. Frankly if you are in that situation then you picked a terrible major.
https://www.cnbc.com/2019/05/25/they-fled-the-country-to-escape-their-student-debt.html https://www.cnbc.com/2019/05/25/they-fled-the-country-to-esc...