Eye on Education

As Student Loan Debt Grows to $1 Trillion, The Wealth Gap Also Grows

Last year, Nida Degesys graduated from Northeast Ohio Medical University with about $180,000 in loans, and she told the Associated Press that the interest has already pushed the amount to about $220,000.

“There were times where this would make me stay up at night,” Degesys said in the AP story. “The principal alone is a problem, but the interest is staggering.”

Every month that Gregory Zbylut pays $1,300 toward his law school loans is another month of not qualifying for a decent mortgage. Every payment toward their student loans is $900 Dr. Nida Degesys and her husband aren’t putting in their retirement savings account.

Read more at: bigstory.ap.org

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