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TBF

(36,671 posts)
6. Even for those of us who did everything right -
Fri Nov 13, 2015, 10:34 AM
Nov 2015

it is a challenge. Unless you get a full ride scholarship you'll have some debt unless your parents are wealthy. We came out of undergrad with very little in loans (under $10K each) thanks to meager savings from hard-working parents and our own part-time jobs. Grad school is where it got tough - between us we have $75K each and you never pay that off if you are raising a family and dealing with high interest rates. We were able to get good jobs after, and with an interest rate reduction I have no doubt we could do better. As it is now we are paying but it is at low payments and stretches on forever because you can never get a head of the compounding interest.

I'd love to see free college based upon ability - especially for all public undergraduate colleges. The private colleges will continue with their rich clientele, but for the rest of us there should be a way to get ahead if you have ability and work hard. People are not asking for handouts. They are asking for a realistic opportunity.

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