Saturday, December 27, 2008

Student loans turn into crushing burden for unwary borrowers

The L.A. Times reports:
Natalie Hickey, who graduated from Brooks Institute in Santa Barbara, picked up $140,000 in student loans, some of it at rates as high as 18%. Monthly payments of $1,700 are more than her rent and car payment combined.
Maybe getting a four year degree isn't such a great deal like the Education Lobby says:for many people.