By Abigail R. Hall Blanco
When I graduated from college, reality hit. I was now considered a “real adult.” In a matter of months I’d be moving out of my parents’ basement and some 700 miles away to start graduate school. I was also struck by something I knew was coming, but hadn’t quite appreciated.
That “something” was my student loans.
There they were in black and white, those things I’d been taking out for some 48 months to pay for a Bachelor’s degree from a small liberal arts university. I owed tens of thousands of dollars and the bill was coming due. (For the record, I could have deferred payment as I was going to graduate school, but chose not to in order to avoid paying more interest.) I remember feeling overwhelmed. I’d never owed that much money in my life!
Certainly, I am not the only one who has faced student loans. It’s estimated that my follow graduates and I owe more than $1 trillion for their educational expenses. About 70 percent of graduates in 2014 had student debt averaging about $33,000.........Let’s talk about “rights.” We can define rights in one of two ways—positive or negative........To Read More.....
My Take - By the way - there are consequences for defaulting on student loans. After reading this article..... Go here!