Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

marmar

(76,982 posts)
Fri Jul 27, 2012, 09:09 AM Jul 2012

Student loan debt threatens graduates' financial future


By Susan Tompor
Detroit Free Press Personal Finance Columnist


Janelle O'Hara knows her college debt isn't anything close to the financial migraine hitting other college grads.

The 24-year-old pays $150 a month for her $17,000 in federal student loans -- not much next to the $300 or $400 a month that some of her friends pay.

One of her friends who didn't graduate had to choose between rent one month and the student loan payment. Rent won -- the young woman needed somewhere to live.

"It's there, and it's nagging at you while you're in school. But it's nothing like when you get that first notice saying, 'Oh, by the way, you're going to have to start paying,' " said O'Hara, who works full-time as a social media specialist at Michigan First Credit Union in Lathrup Village. ..............(more)

The complete piece is at: http://www.freep.com/article/20120727/COL07/307270123/Susan-Tompor-Student-loan-debt-threatens-graduates-financial-future?odyssey=tab|topnews|text|FRONTPAGE



1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Student loan debt threatens graduates' financial future (Original Post) marmar Jul 2012 OP
du rec. nt xchrom Jul 2012 #1
Latest Discussions»General Discussion»Student loan debt threate...