Reference Material:
I’m 43 years old, and I owe tens of thousands of dollars in student loans. Oh sure, I knew the loans were piling up as I went through school. But with one loan coming from here, another from there, I had no idea of the rock slide that was building.
Fifteen years later, I still experience moments of sheer horror regarding my families financial situation. My monthly student loan payment is more than triple my car payment. OK, so without my college degree, I would not have been able to get my current job. For that I’m grateful but at what cost?
My loans have been accruing at a rate of 10 percent, and now they have burgeoned to well. I’m an English major; you do the math. I don’t think they’ll ever get paid off. Were in debt way past our eyeballs, and there’s no hope in sight. I’m being kept in class a financial class of graduates whose only hope for attending college meant borrowing money from the government. Because of our mounting credit card debt and monthly payments that far exceed our families income, my kids will also join the class of citizens who can rely on their parents for college support. Do I wish I’d chosen another educational route? You bet.
Audio:
Sample Answer:
The forty-three-year-old woman owed enormous student loans that borrowed from the government, and after fifteen years later, she was still experiencing financial situation. It is more than triple than her card payment, and the rate was accruing at ten percent. Although her college degree helped finding the career, the debt exceeded family income and her kids require attending financial class because of lack of support. (68 words)
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