This is what I wish I knew before we took down $22,500 in student education loans

This is what I wish I knew before we took down $22,500 in student education loans

Final Friday early morning, we sat in a space of my non-one percenter peers and attempted to decipher just what, precisely, had been being said to me concerning the financial obligation we took in within the ever-rising price of a Duke training. It is among the less fun Duke graduation needs: exit loan guidance.

The presenting loan therapist sped through the various kinds of loans and payment plans, pausing regarding the slide that claims we only escape our loans us a few thousand dollars for graduation, we should put that toward loan debt if we die or become permanently disabled, and at one point explaining that if, say, our aunt gives. I laughed, but no body else did. Making the session, I had to wonder: that are y’all’s aunts? Just how many men and women have faked their own death in order to prevent paying down figuratively speaking? As well as perhaps more to the point, just how much did some of us actually comprehend once we accepted our very first education loan four years back as twelfth grade seniors?

In case your household income is someplace above $40,000 per year, although not high sufficient to pay price that is full and also you didn’t have the ability to snag certainly one of Duke’s complete merit scholarships, you almost certainly involve some student education loans. (more…)

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