06-07-2021, 4:14pm
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#1
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Goldilocks
Barn Stall Owner #905
Bantayan Kids '13,'15
Points: 110,810, Level: 100 |
Join Date: Jan 2011
Location: My butt's been wiped.
Posts: 30,981
Thanks: 5,227
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Gameroom Barn Bucks: $1009320
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The Kids Don't Have a Prayer
Quote:
The New York Times
A Federal College Loan Program Can Trap Parents in Debt
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Quote:
Kate Schweizer and her husband didn’t want their two daughters, just 13 months apart, to begin their adult lives saddled with college debt, so they borrowed much of the money themselves. Beginning in 2005, the couple took out a new batch of federal loans each academic year, eventually accumulating about $220,000 in debt.
Today, they owe half a million dollars.
“Even though the cost of tuition seemed insane, I convinced myself that it would all make sense and pay off in the end,” Schweizer, 65, said. “I had hoped that since my husband had a solid, union job, we would — we should — be able to afford this.”
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If the parents are THIS ****ing stupid the kids are doomed.
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