eLester Wrote:
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> Just make sure you get a government job or one
> with a non-profit after you graduate.
>
>
> Students seek loan forgiveness in overwhelming
> numbers
> By Jane C. Timm
>
> Enrollment in federal student loan debt
> forgiveness programs skyrocketed nearly 40% in the
> last six months, the U.S. Education Department
> told The Wall Street Journal, as education costs
> rise.
>
> The programs—particularly the one revamped by
> President Barack Obama in 2011, Pay As You
> Go—forgive federal student loans after borrowers
> have paid a certain percentage of their income for
> a certain number of years.
>
> ...
>
> Ben Cocchiaro, a third-year medical student at
> Drexel University, has taken out more than
> $263,000 in federal student aid between undergrad
> and medical school to date. He expects that that
> number will be around $350,000 before he gets his
> degree and said that the public sector student
> loan forgiveness program is key to his future.
>
> Cocchiaro plans to work in primary care once he
> graduates—he already volunteers at two free
> clinics in Philadelphia, in addition to his school
> rotations—and knows that his salary will range
> from around $47,000 during a three-year residency
> to around a $100,000 during the early part of his
> career.
>
> With loan forgiveness for public sector employees,
> he estimates that he will pay about $165,000 down
> over ten years and have the rest of his loans
> forgiven.
>
>
http://www.msnbc.com/morning-joe/students-seek-deb
> t-forgiveness-costs-surge
That's stupid.