A 38-year-old with $38,000 in student debt tells other generations, ‘I highly recommend finding a way to avoid taking out loans’
A 38-year-old with $38,000 in student debt tells other generations, ‘I highly recommend finding a way to avoid taking out loans’
"When you’re 17 or 18 years old, you think, ‘Oh, sure, I’ll figure this out.’ Then it's frustrating to still be in this financial situation."
I'm 37 and paid off all of my ~80k in student loans (for a communications degree) since my 2009 graduation earlier this year... How the hell does this person still owe so much on their student loans?
Pretty easy: I owe $135k on the $60k I took out in 2005
Congrats on having enough income to pay your loans quickly. Most of us aren't as fortunate.
I think the best course of action is arranged marriages. It’s just a little bit of paperwork, but then you can separate your finances from your parents. And you may qualify for grants with that low household income.