The debt problem is staggering. No wonder many senior citizens in the US are now working at Wal Mart. I suspect the same fate will await the thirty something generation. I provide the full link to the article below and remember if you're an SP, save your money. Actually, I should say the same for us clients:
Thirty & Broke
The real price of a college education today
Paige Nichols has a certain stoicism about her, which has helped her overcome disappointments big and small. She was born in Oklahoma City in 1975, a time of plenty for her family. Her father was prospering as a commodities trader, and he liked to spend his money. Paige would turn out to be the same way. But by the time she entered college in 1993, their financial situation had become, she says, considerably more "volatile." Her parents had been able to pay for the education of her two sisters, 11 and 13 years older than she, but told Paige they couldn't do the same for her.
She finished up at the University of Tulsa in 1997 with a business degree and $20,000 in student loans, which makes her, by official reckoning anyway, a typical graduate. She is now paying off her loans, $300 a month; at that rate it will take her until she's about 50. "Twenty thousand isn't even that much, but it feels hefty," she says. "I'm not making any headway."
Full article: http://www.businessweek.com/magazine/content/05_46/b3959107.htm
Thirty & Broke
The real price of a college education today
Paige Nichols has a certain stoicism about her, which has helped her overcome disappointments big and small. She was born in Oklahoma City in 1975, a time of plenty for her family. Her father was prospering as a commodities trader, and he liked to spend his money. Paige would turn out to be the same way. But by the time she entered college in 1993, their financial situation had become, she says, considerably more "volatile." Her parents had been able to pay for the education of her two sisters, 11 and 13 years older than she, but told Paige they couldn't do the same for her.
She finished up at the University of Tulsa in 1997 with a business degree and $20,000 in student loans, which makes her, by official reckoning anyway, a typical graduate. She is now paying off her loans, $300 a month; at that rate it will take her until she's about 50. "Twenty thousand isn't even that much, but it feels hefty," she says. "I'm not making any headway."
Full article: http://www.businessweek.com/magazine/content/05_46/b3959107.htm
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