It seems that Ohio Northern University slipped up if they've got a marketing major graduating that didn't know that loan of $120k would have a payment of about $900 a month.Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I'm going to owe like $900 a month. No one told me that.”
College Dreams Turn Into Nightmares
If a college degree has value, then it seems reasonable that the provider of that product is going to have to charge for it. Quality teachers, infrastructure, equipment and even life experience is not going to come inexpensively. If the faculty, materials, and resources are sub-standard then they really won't be worth the effort. The student seeks the best preparation for the future. That means investment and inevitably obligation.
She is 38 years old and somehow she feels no obligation to the agency which gave her 100 large. She doesn't open the bills because apparently she thinks that if she hasn't seen them she is off the hook. She spent the money and must not have picked up very much in return because she only qualifies for what is apparently a marginally better than minimum wage job. Ironic that it is at an "employment training center"! Who is she capable of training and for what job?Wanda McGill has stopped opening her student loan bills.She isn't sure how much debt she has accumulated, though she thinks it's about $100,000. But McGill, a 38-year-old single mother, knows for sure she cannot pay it.McGill said she dropped out of DeVry University, a for-profit college with a branch in Columbus, two years ago after she ran out of money — even with the loans. She now makes $8.50 an hour working for an employment training center in Florida.“I was promised the world and was given a garbage dump to clean up,” she wrote in an online complaint at consumeraffairs.com. “Like my life was not already screwed up with welfare and all.”
The final quote says it all. Welfare apparently has screwed up her life. I wonder if individual responsibility would have been more effective?