Quote:
Originally Posted by regretful
Student loans are the unspoken epidemic that is killing a huge segment of our society. I've been paying mine off for nearly 18 years, and there's little to no end in sight. Even with a graduate degree and a decent income - I consolidated several years ago - but that just locked me in at a higher rate - you can only consolidate once. What a load of crap. So now, still nearly 50 K in debt, I wallow in the misery of this, and it contributes greatly to my depression. Like you said, I had that magical thinking too...no discussion when I was signing the papers at the school about what the payments would be - no thoughts about the future. It's my fault, and I have huge regrets about this too...
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It is our fault at 18,19,20+Years old, parents supporting, the signature. The pressure, lacking identity. The magical thinking, combined with the promise of fantastic income because we Were after all going to make more than the high school grad. Study hard,land those jobs. Noone calculated to me, my post grad obligation. That was the exit interview. I'll accept a portion of blame, but not all...
My children will be wiser for this knowledge.
We know car and house mortgage payments before leaping...student loans...just dive into the waterless pool...