OUstudent4life
5/1/2006, 05:11 PM
A reverse dowry...heh (http://money.cnn.com/2006/05/01/pf/college/reverse_dowry/index.htm?cnn=yes)
...A 22-year old student graduating this year who consolidates their $40,000 loan at 6.125 percent will need to pay $243 a month...until they're 52. By that time, they will have paid $47,494 in interest alone.
I don't know what to do about this problem, but it's going to continue to be a problem.
The wife and I are lucky...we're hopefully going to be in jobs that can eventually pay for our massive student loan debt, but that's still 7 years off, at least.
The average indebtedness of OU medical students is around $100K, and that I'm betting will rise, as loans continue to increase to cover cost of living. I'm thinking medical costs are going to stay high for a looooong time to come...and we're the lucky ones.
Advanced education is going to become prohibitvely expensive...THERE'S a great way to train the future's thinkers that are going to get us through the next energy crises. Only let the families that can afford it go to school. :mad:
...A 22-year old student graduating this year who consolidates their $40,000 loan at 6.125 percent will need to pay $243 a month...until they're 52. By that time, they will have paid $47,494 in interest alone.
I don't know what to do about this problem, but it's going to continue to be a problem.
The wife and I are lucky...we're hopefully going to be in jobs that can eventually pay for our massive student loan debt, but that's still 7 years off, at least.
The average indebtedness of OU medical students is around $100K, and that I'm betting will rise, as loans continue to increase to cover cost of living. I'm thinking medical costs are going to stay high for a looooong time to come...and we're the lucky ones.
Advanced education is going to become prohibitvely expensive...THERE'S a great way to train the future's thinkers that are going to get us through the next energy crises. Only let the families that can afford it go to school. :mad: