Black Education / Schools : College graduates see their debt burden increase.

panafrica

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Geoff Tam-Scott probably will be paying off his college education until he's 35, but at age 22 he considers himself lucky: A year after graduating from Amherst College, he shells out only $125 a month on about $20,000 in loans.

"I have friends who have like $100,000 to $120,000" in debt, he says.

Like most graduates, Tam-Scott finds himself paying off considerably more than most students did a decade ago.

A new study suggests that rising tuitions, higher borrowing limits on government loans and a new wave of low-income students have pushed the average debt burden of college graduates higher as more students from all income groups borrow more - in some cases a lot more - to finance their undergraduate educations.

http://story.news.yahoo.com/news?tm...ay/collegegraduatesseetheirdebtburdenincrease

I encourage all new and continuing college students to look for as many scholarships that they can. Student loans should be a last choice, not your first option!
 

karmashines

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They also need to consider community colleges which are a lot cheaper and more generous in offering scholarships. I got a full-ride scholarship from the community college I went to.
 

panafrica

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karmashines said:
They also need to consider community colleges which are a lot cheaper and more generous in offering scholarships. I got a full-ride scholarship from the community college I went to.

That is true Karmashines, I went to a community college as well. I always encourage young people to consider community college before they go to a university.
 

info-moetry

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Peace,

It is very ridiculous what they charge for "Higher Education" here in America when most of the outside world let's the "future of their Nations" go to school for free.

It's unfortunate, but as u said Community College is an alternative. Most of my friends are still paying & they are over 30 years of age & don't even work in their field of study........

:thinking: :confused: :thinking: :confused:

peace
 

panafrica

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Aug 24, 2002
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info-moetry said:
Peace,

It is very ridiculous what they charge for "Higher Education" here in America when most of the outside world let's the "future of their Nations" go to school for free.

It's unfortunate, but as u said Community College is an alternative. Most of my friends are still paying & they are over 30 years of age & don't even work in their field of study........

:thinking: :confused: :thinking: :confused:

peace

That is absolutely true brother Info-moetry. I'm one of those over 30 (barely) people still paying off loans...I'm speaking from experience! Young ladies & gentlemen, don't be like me! LOL!
 

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