untilgradschool

Let’s get this straight: I am not griping about people who are having mortgage troubles that may be subject to government assistance. That is great that people can look to the government for help when the “system” fails dramatically across the board.

As for me, I have crushing student debt. I read the national report saying that average student debt was somewhere in the $20,000 range? I said to myself, “who are they asking?” Seriously, anyone who went to a private school, full time and had no assistance from family or scholarship would have FAR MORE than $20,000 in student debt after receiving a bachelor’s degree.

Because of the bad state our economy is in, I am stuck with my high interest rate on my private loans. My federal loans (only 1/6 of what I owe) are at a reasonable rate, but the private loans are just killing me every month. My loan payments are WAY more than my rent ever has been.

Is this fair? All I wanted was an education. What I got was a sneaky Sallie Mae loan rep telling me I could borrow as much as I wanted and that the repayment terms were going to be an affordable amount when I graduated. I was 17 years old when I borrowed the majority of this money. Who lends a 17 year old tens of thousands of dollars?

I think student debt needs to come into the political consciousness sometime soon, no matter who wins the election.

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