A "must-read" article for students considering big debt for college

[starbright]

<p>I was going to post this in the parent forum, but then realized those who probably need to read it most are students. </p>

<p>The story is very relevant (even if you agree or disagree with the proposed analysis of blame and solutions). </p>

<p>And it is not unique to NYU students: no school of any prestige guarantees a salary at the end that makes this level of debt manageable. </p>

<p>

Placing the Blame as Students Are Buried in Debt
By RON LIEBER
Like many middle-class families, Cortney Munna and her mother began the college selection process with a grim determination. They would do whatever they could to get Cortney into the best possible college, and they maintained a blind faith that the investment would be worth it.</p>

<p>Today, however, Ms. Munna, a 26-year-old graduate of New York University, has nearly $100,000 in student loan debt from her four years in college, and affording the full monthly payments would be a struggle. For much of the time since her 2005 graduation, she’s been enrolled in night school, which allows her to defer loan payments This is not a long-term solution, because the interest on the loans continues to pile up…But unless she manages to improve her income quickly, she doesn’t have a lot of good options for digging out

</p>

<p>[Your</a> Money - Another Debt Crisis Is Brewing, This One in Student Loans - NYTimes.com](<a href=“http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html?hp]Your”>http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html?hp)</p>

[pierre0913]

<p>I’ll post the WBUR articles that I posted in the parents forum.</p>

<p>MUST READ FOR STUDENTS:
[The</a> Education Bubble, Part 1: Sky-High Debt Is ‘Overwhelming’ Burden | WBUR](<a href=“http://www.wbur.org/2010/05/24/student-loans-i]The”>The Education Bubble, Part 1: Sky-High Debt Is 'Overwhelming' Burden | WBUR News)</p>