That Same Old Student Loan Saga: Isn't the Takaway Borrower, Beware?

 "At age 34, Janell Tryon owes $250,000 in student debt. She only took out $150,000 of it — $100,000 for an undergraduate degree at New York University, and $50,000 for a masters degree in public health." - Insider, May 30, 2022.

We have heard this before. Tryon's job when she graduated NYU paid $23k. Her monthly nut of student loan repayment was $700. Do the math. The ROI was lousy.

The only new wrinkle in this same-old-story is that Tryon is back at it. The article notes that she is currently a doctoral student at the University of Massachusetts at Amherst. Usually doctoral programs provide some kind of compensation, usually in the form of teaching or research. So, Tryon may not be piling on more student debt. With a Ph.D. she may be able to earn enough to pay off the $250,000 more quickly than those without a Ph.D. But maybe not.

Insider seems to have made a hobby of piling on these sagas. Are they clickbait or intended as lobbying for loan forgiveness?

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com.

 

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