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Student debt a growing problem

Average graduate owes about $25G

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When Jackie Hayes completes her education, she will have earned a doctorate. But it will have come with a hefty price. Hayes has already taken on $72,000 in debt to pay for her education. She borrowed $22,000 for her undergraduate degree and has borrowed another $50,000 for graduate school. “It’s terrifying,” said Hayes, 30, who is earning her PhD in Latin American Caribbean studies. “A lot of students are unable to pay for their loans ...


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comments

albright1
March 26, 2012
8:11 a.m.

[ Flag Post ]

Jackie Hayes should have considered if it was wise to take $72,000 in loans for a degree in Latin American Caribbean Studies.

James Searle is still in college at the age of 27, making $14,000/yr and raking up debt. He might want to get a job and get his doctorate in English on a part time basis.

The cost of college is the problem here. We should demand less expensive alternatives. If it costs over $200,000 to get a advanced degree in Latin American Caribbean Studies, somebody is ripping someone off.

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