Comments on: Graduates are Drowning in Student Loan Debt – It’s Getting Worse

By: When in Doubt, Stick to the Plan… Always Stick to the Plan! | JerseySmarts.com

Mon, 07 Jun 2010 15:39:11 +0000

[…] damn good, I think. However, like one of my friends and commenters Justin and I wrote about in the comments section of a recent entry, that’s $11 thousand that is not contributing to the economy and another $28 thousand that I […]

By: Joe

Joe — Fri, 04 Jun 2010 04:31:55 +0000

I hear ya, Justin. In a given month, I send about $3,000 off to pay student loans because I put myself on an aggressive repayment schedule. That’s about $100 per day that I’ve been putting towards student loans since before the turn of the new year. Imagine if I could have applied all of that money towards buying a new home or even buying something much less expensive like a new car?!

The economy is stifled and will remain so because guys like you and I can’t properly contribute like the economists expect us to contribute.

By: Jacob Spades

Jacob Spades — Fri, 04 Jun 2010 00:34:20 +0000

Another thing worth noting is that even for the people like myself that DO make the monthly payments on-time, it stifles the ability of the borrower to make any other contributions to the economy. My payments are a stiff and combined $600/month, which equates to an entire paycheck for a 2-week period. I also can’t very well go back to school either because of the amount of loans I’m already carrying. It’s nearly a lose-lose situation for everyone.

Commented via Blackjack Mobile.