Annie Spencer, who lives in New York City, was also the first in her family to go to college — a small state school, then private graduate school.
"I can't lie, I often fantasize about just fleeing the country and being a debt fugitive in Canada or Europe or somewhere," Spencer says.
She saw higher education as a way out of the precarious paycheck-to-paycheck existence she'd grown up in. So, despite merit scholarships and working 30 hours a week, Spencer racked up $85,000 in student-loan debt.
"From the minute I graduated from my master's degree," she says, "my job prospects were completely limited to the jobs that would help me pay back my loans."
She gave up on social justice work and landed a decent paying government job. But in New York City, with high rent, plus $600 a month in loan payments, it was tough.
3 hours ago
1 comments:
I think that there definitely needs to be more education on taking out student loans. I remember doing something online that may have taken 15 minutes at most. It's okay to borrow $85K but one needs to be aware of the consequences.
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