A few weeks ago, relatives came to my husband, asking questions about how to pay for college. Without getting into specifics, let’s just say that they are in shock with the the cost of sending their child to college and they’re pretty overwhelmed at handling it all. While there are plenty of options, none of them are too desirable, particularly the one where the college bound student needs to take out loans. After all, my husband and I are well versed in the horror of student loans and we are none to pleased at the thought of someone else having to shoulder that burden.
If he had know what he was in store for, I’m fairly confident in saying that my husband would have taken a different route when it came to paying for college (and grad school. But that’s a different story). What that route is, I don’t know but it definitely would have been different. And involved us not paying on his loans 12 years after he graduated.
When we think about all we could have done had we not been paying that money back, we both get a little sick. We just consider it a blessing that I did not graduate from college or grad school with any student loan debt. Because then? We’d probably be really, really screwed.
My friends at NerdWallet have put together an infographic detailing student loans in real terms. Have a look:
Via: NerdWallet