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Posts: 154
Senior citizens continue to bear burden of student loans -- (link)
Posted by
ty97
Apr 4 '12, 07:08
(No message)
link
(www.washingtonpost.com)
Responses:
Clearly, the answer is to cut Pell grants -- nm
-
con_carne
Apr 4, 07:48
and everyone with a student loan continues to bear the burden of senior citizens -- nm
-
decline
Apr 4, 07:19
1
We'll get to that article in a minute, actually. -- nm
-
ty97
Apr 4, 07:20
It's not clear how much is original loan money from traditional college age and how much is from school later in life.
-
ty97
Apr 4, 07:16
1
This is in response to zork -- nm
-
ty97
Apr 4, 07:17
Yes, pursuing a Masters Degree at 58 with no immedate benefit to your salary is a questionable decision. -- nm
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Strongbad
Apr 4, 07:14
8
If you're taliking about the exemple in the article, I think she's 58 now, but did the degree in the 1980s -- nm
-
Guigue
Apr 4, 07:22
2
Re-reading it, yes that appears correct. -- nm
-
Strongbad
Apr 4, 07:25
looks like it was a private loan. With a federal loan she should have deferred when she hit hard times, without it ballooning. -- nm
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loosilu
Apr 4, 07:23
I did it, but part-time at a state college. No loans. -- nm
-
MojaveMeg
Apr 4, 07:21
3
this is different -- you did it because you love it! and you could afford it. -- nm
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loosilu
Apr 4, 07:22
Yes, as loosi said below. Big difference between paying for it vs. borrowing money. -- nm
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Strongbad
Apr 4, 07:21
And no ultimate financial gain - but I have a great hobby for retirement ;) -- nm
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MojaveMeg
Apr 4, 07:21
it's fine as long as you can pay for it ... which they apparently can't. -- nm
-
loosilu
Apr 4, 07:19
because it takes that long to pay them off? -- nm
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zork
Apr 4, 07:12
3
Many have co-signed for children, grandchildren, etc. -- nm
-
mara
Apr 4, 07:18
1
I bet this is a big chunk of it. -- nm
-
loosilu
Apr 4, 07:19
The story eludes that they don't pay them for decades. -- nm
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Bacon
Apr 4, 07:12
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