Student Loans Weighing Down a Generation With Heavy Debt
Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price.
“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.”
Today's is a long one, but important. I've been saddled with a load of student debt -- if you weren't aware, I have two college degrees, one of which has nothing to do with teaching. It's a burden for sure.
Start saving now for college. That's one of the smartest things you could do for your future.