5 facts about student loans

[PJMcK]

10. Fascinating information

When I went to graduate school in 1980-81, I borrowed $4,000 for the one year. I also worked full-time that year. In retrospect, I think I should have borrowed a little more as it would have eased my living expenses.

A year or so after graduation, when the payments began, they were very low at about $50 per month for something like 10 years. I had gotten a good job so I paid off the loan a year or so later.

An extended family member who graduated about 5 or 6 years ago still owes $100K! How can a young person ever get ahead with that kind of burden?!

There are two things that are too expensive in our country. Higher education and health care.