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Wednesday, January 26, 2011

Student Loan Trap

How does $55,000+ in debt happen?  A nice chunk of it came from Student Loans. 
Ah, Student loans.  Such a sweet thing.  A young 19 year old college student is given a check for $5,000.  Do you know what you can buy with $5,000?  A lot of clothes, makeup, dinners out, DVDs, trips to the movie theater, and a little bit of education.   Did I mention that it was $5,000 per Semester?  Yes.  Per semester.  "Poor College Student"  what the heck does that mean?  I for one didn't have a clue. I drove a 3 year old Honda Accord, got my hair done, loved my manis and pedis.  Enjoyed going out to dinner and making frequent trips to the Mall.  Of course I worked.  I wasn't that stupid.  My paycheck paid for that trip to San Francisco, St Louis, and the $80 skirt that made me look so dang hot.  Oh yeah- I didn't work full time, I was going to school full time, silly. 
One more thing. . . did I mention that I went to a State College who's tuition was around $1500 a semester?  I graduated though.  My Bachelor's degree from a State College costs me $36,991.99 and counting.

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