Monday, August 29, 2011

NO CHILD LEFT

Suze Orman was interviewing a recent college graduate who is struggling with debt from a student loan. She is now a teacher and her monthly student loan payments are eating up much of her teacher's salary, and with no end in sight. All her life, she aspired to attend NYU. So she followed her dream, and enrolled there. Sadly, when she took out the $88,000 loan, no one told her that she would be responsible for paying back about $265,000, counting interest. Suze asked her, if knowing what she knows now, she would have made a different decision. "Yes, " she answered, "I would have went to a public college."

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