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June 22, 2005
Student Loans and "Mortgaging Your Future"
I've heard this quite a few times, on how student loans are oppressive and mortgaging your future. I've had student loans for my time here, and my wife had loans for her undergrad. (As an aside irritation, I funded all of my undergrad on my own, and when married paid for the last 2.5 years of my wife's. Not once did I get subsidized. However, now that I just started grad school in theology, NOW I get subsidized loans. GRRRRR).
Since my wife graduated in May, we consolidated her loans at 1.6%!!! For the uninitiated, that interest is about half of INFLATION. If that's mortgaging my future, I'll be doing that all day long. I'll refinance my house with those loans.
Posted by John Bambenek at June 22, 2005 10:17 PM
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