Two Things I’ve Realized About My Student Loans

You may or may not know that in the United States, you must pay for tuition and housing up front in order to attend a university. This means that you either are very rich, have a great story for a nice scholarship, or you take out loans. (Or maybe two of the three. I don’t judge.) I was lucky enough to have the scholarship for my undergraduate degree, but my graduate degree was financed entirely through scholarships and loans. I even got one of the largest tuition scholarships offered at my institution that year (I’m a smartypants), but in order to afford the remaining tuition and life in Chicago, I had to take out about $90,000 in student loans at between 3.0% and 7.9%. There is no way out of this debt other than death. Or total incapacitation, but sometimes even that’s not enough. And let’s be clear: I did not take ANY private loans, which are even more difficult to pay back. All of my loans were disbursed by the federal government. Read More Two Things I’ve Realized About My Student Loans