|
|
|
|
|
by elmuchoprez
4772 days ago
|
|
This story is mostly about TERRIBLE money management, not the cost of education. Her parents paid for her undergrad in full and she got a full scholarship to law school. So really, none of this money went directly to education. Apparently she couldn't work and focus on school at the same time, so she started taking out loans to cover living expenses. She took out $26k in federal loans each year (starting in 1994) to cover these expenses. Factoring in inflation, that would be like taking out a loan for nearly $41k/year in 2013 dollars. I think it's a hard argument to say that was even close to reasonable. The article doesn't say how long she was in school, but if I'm doing the math right, it took her at least three years (isn't that a long time for a full time law student with no other job?). Then, after school while she's studying for the BAR, she takes out another $20k in private loans to cover living expenses ($31k in 2013 dollars). She screwed herself, plain and simple. |
|
Nope, that's the standard.