I have a lot of friends who went to college and are just buried in debt. They can’t find jobs to even make ends meet, let alone paying off college loans. I’m talking about friends who can’t even find a job in their field, have taken min wage or crap jobs and are paying almost everything they make towards their loans. So when I saw this article listed as one of yahoo’s top new stories, I took a read. Although her circumstances were different then my friends, you could see how easy it is to be over your head in debt when you graduate.
Reading that article, you can’t help but feel bad for the girl. It was an odd combination of things along with mistakes that have put her 100K in debt. Until you get to the last paragraph or so. Suddenly you find out she’s currently making 2,300 after taxes a month. Her rent is 700, her loan payment is 750 a month. So that means she still has nearly 900 bucks to play around with after everything is paid. Not only that, but she is deferring payments by going to night school.
This has got to be one of those situations in which you take an important subject (college loans) and put the worst possible face forward on it. There are lots of people in worse situations out there when it comes to college loans. People who wish they were making 900 dollars a month after taxes. People who wished that after paying their loan payment that month they had 1600 dollars to spare. This girl is absolutely ridiculous. She doesn’t need help from anywhere, she just needs to learn how to budget.