There was a story of a girl who racked up $90,000 in debt by going to a prestigious, private college to get a major in Photography. Of course if she starts defaulting the debt grows higher with interest rates.
I mean if she pays the $90,000 that would probably take her 30-40 years to pay off in $700 a month increments. That would decrease her earning power, so should the government step in or what?
There are many college students who owe money that they'll be paying off 20-30 and some even 40 years after they graduate.
What should be done by the government if anything?
I mean if she pays the $90,000 that would probably take her 30-40 years to pay off in $700 a month increments. That would decrease her earning power, so should the government step in or what?
There are many college students who owe money that they'll be paying off 20-30 and some even 40 years after they graduate.
What should be done by the government if anything?