Posted by big loans, related on September 21, 2003 at 20:06:33:
In Reply to: Making a living (and paying loans) posted by Lan on September 20, 2003 at 15:15:17:
Some people take out loans which exceed the income level that they can expect to earn.
A good friend is over $80,000 in debt from graduate studies at Indiana University, and a year in England studying privately. Her DMA is not yet finished, even though she has a college job. Her job pays in the mid $30,000's.
Having Indiana on her resume helped her land a college gig, along with being a star of a performer. Paying the loans off will take many many years, unless she marries for money.