Are students taking on too much debt?

Yup.

For example, a few years ago, a friend of mine at work was telling me about a friend of his who’d graduated with her graduate degree in pharmacology. The pharmacist was working full time in a VERY rural location, like 2 hr drive to civilization & a decent grocery store. Purposely was working there as part of a post-graduation scholarship she’d applied for (and won) in which in exchange for 2 years’ service as a pharmacist in a remote/rural location, the government pays off a significant portion of your graduate student loans.

The pharmacist did not like living there for 2 yr. She’d spend weekends in our city so she could stock up on supplies, go to the movies, stuff like that.

But once those 2 yr were done? She was off to the races. Now makes $$$$ where she’s currently working and has paid off the rest of her grad school loans.

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