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Life imitates The Onion: Student loan version

I submit to you a New York Times article concerning a woman who racked up $97,000 in student loans to get a degree from prestigious NYU but now finds herself underwater insofar as her ability to pay back her loans. The article goes round and round trying to apportion blame for the predicament that she finds herself in. She can't be solely to blame, right?

I read through the article hoping that I would actually find the information that I suspected was there and as luck would have it, it was:

Cortney could move someplace cheaper than her current home city of San Francisco, but she worries about her job prospects, even with her N.Y.U. diploma.

She recently received a raise and now makes $22 an hour working for a photographer. It's the highest salary she's earned since graduating with an interdisciplinary degree in religious and women's studies.

Bingo!

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5 Comments

Oh Jeez, Nat. You mean that at don't have an innate right to borrow as much money as we want to do what we want and when no one wants us it's okay? That it's not our fault for choosing the school, curriculum, study plan, and signing those loan documents?

The sense of entitlement is breathtaking, like an 80s welfare queen.

Well, in a very real sense this woman is a teens welfare queen.

Campus Welfare

The first follow-up question to anyone selecting such a major: "Do you have a trust fund?" If "yes", then happy studies. If "no", open the employment classifieds and find a degree that is required for a job.

LMAO ! My youngest son bounced around colleges getting degree after degree and finally deciding what he wanted to do, (teach college, would you believe)he was stopped just hours short of his doctorate by the evil government wanting some payback ! Armed with only a Masters degree and about six or seven bachelors in unrelated subjects, he was cast into the cold ,crule world of gainful employment and is now teaching college not too far from here.
Let me just add 97,000 bucks for an education is chump change these days .

An interdisciplinary degree in Religious and Women's Studies? This woman actually borrowed and spent $97,000 to make herself less valuable to society than if she had just gone into the workforce straight out of High School.

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