The True Cost of Student Loans
When I started college at 18, I believed that student loans were just part of the college experience. The only people who did not get student loans were kids from extremely rich families, exceptional athletes, or geniuses. I did not fall into any of those categories, so I completed the student loan application without a second thought. My mom assured me that she would help me pay the loans back, and I was confident that I would get an amazing job after graduation. I took out loans to cover the cost of tuition and part of the cost of living. I did receive some grant and scholarship money, which added up to about $30,000 over the course of my undergraduate and graduate programs. The grant and scholarship money helped out greatly, but it was only about half of what I used to get through college. Now, four years after graduating, I am learning the true cost of student loans.