Saturday, May 27, 2006

"Profound Effects" of College Debt

According to this survey, 42% of those with loans 1 to 15 yrs out of school are living "paycheck to paycheck" compared to 24% of those without loans; 34% have sold a possession to make ends meet compared to 17% of the debt-free.


Anonymous said...

I think it is very funny (ironic) that at the top of the page of your blog one sees the following:

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Anonymous said...

Here's another one....brought to you by Google (you must hate that this happens):

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Anonymous said...

I can' help's the next one (let's face it....Google gets in everyone's face!)

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Mari said...

Wow I'm reading Anya Kamenetz's book "Generation Debt" and I am relieved and saddened at the same time. I am 40 so technically I am older than the age group she talks about, but god can I relate. I am 40 just graduated from college after 6 years of struggle and now I owe more than $40,000 in student loans and credit card debt. I live with my mom in a place I hate but don't have the money to go elsewhere. I live in California and I get sick of hearing people talk about their properties and how much they are worth. I would like to go to Europe or somewhere else but I can't with my debt. Or maybe I should take out bankruptcy and high tail it out of here...what the heck, life is so short...My life feels like a vicious circle...I get depressed and I spend the little money I get from student jobs or temp jobs on things like "Vogue" magazine from Spain. Everyday I have to face the credit card companies calling me but I don't have enough even for the minimum payment. I feel like I am a failure and alone after one failed marriage and two coerced abortions I didn't want. My ex got in touch with me recently and tries to help but it's either stay here with Mom who makes me feel down and I hate where she lives... or go live where my ex lives which I like better but have to struggle with him being married again and try to find a man who does want to have kids before it is too late. I just want to end it all sometimes but then I think of my mom, maybe a couple of my siblings who really love me, and some friends who I know still care about me.

Anonymous said...

Hi .nice blog.I need to find jobs .can anybody send links of that job websites....
Thank you.....

Anonymous said...

Generation Debt is an topic near and dear to everyone's heart and tells us what we think about the cost of education.
Help make your finances better and come see The Debt Clinic.

Debt Hep - IVA & Secured Loans Advice

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