Student Loans a Mixed Blessing
Posted on March 9th, 2004
Each year about this time, college seniors begin to seriously consider career choices. Some talk about six-figures, but not in reference to salaries. Instead, legions of students will someday wrestle with six-figure debt.
As this piece points out, it's not uncommon to graduate from college owing anywhere from $10,000 to more than $50,000, depending on whether you pay public or private tuition and your level of financial aid. Tack on law, medical or business school and you're possibly looking at a debt load close to $100,000. Even with loan consolidation, your monthly bill can exceed your mortgage payment.
The lesson here is simple. Don't limit your career choices by immersing yourself too far into debt. Think ahead.
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