The Motley Fool Discussion Boards

Previous Page

Personal Finances / Living Below Your Means

URL:  http://boards.fool.com/i-read-these-stories-and-just-want-to-go-31157301.aspx

Subject:  Re: Don't do this.... Date:  3/9/2014  1:31 AM
Author:  MasonMcDan Number:  880707 of 886560

I read these stories and just want to go "Nooooooooooooooooooooo!!"

Two years ago, she decided to start over completely, going back to school for a Masters degree in social work at Yeshiva University in New York. Today, Eichengreen now 60, is living off of student loans and says it’s unlikely that she’ll be able to pay off her $200,000 student debt, which includes what she borrowed for her first Masters studies in broadcast management.


As an aside, if she does get a masters in social work, she may be able to have her student loans forgiven after 10 years paying on an income-based repayment, under Obama's public service student loan forgiveness program:

http://studentaid.ed.gov/repay-loans/forgiveness-cancellatio...

Probably a smarter move than her original public broadcasting degree, on a couple of levels.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us