"Debt Sentence" - American Theatre Magazine

[alwaysamom]

<p>

And how much does he have left, after paying $800 a month since 2008? “$165,000,” he says. “I still owe the same amount as when I graduated.” The reason for that is interest—though the principal on his private loans is going down, the amount he is paying toward his federal loans is only covering the interest, which means the total debt amount on those is ballooning.

</p>

<p>Sadly, a lot of grads are in the same boat. No one should be taking on that kind of debt, with the possible exception of med students. </p>