*College loans may cause debt in later life<http://loan-for-study.blogspot.com/2009/12/college-loans-may-cause-debt-in-later.html> * * Students graduating with college loans will have to pay nearly $250 a month until their debt is paid off.
On average, Purdue undergraduate students are graduating with more than $23,000 worth of debt. Graduate students are dealing with more than $38,000. Joyce Hall, Purdue?s Division of Financial Aid executive director, said students need to be careful before they take out loans, as there are many factors to consider. ?While salary upon graduation is not the only factor, it is important to know what the average starting salary is for particular employment,? she said. ?For every $10,000 borrowed, the repayment upon graduation is approximately $120 dollars a month.? The Indiana Public Interest Research Group looked at nearly 2,000 schools and found that 62 percent of Indiana students graduated with debt. The report also found that many students are turning to private loans to help pay for college. Such loans can carry interest rates of more than 18 percent. Read More Click Here<http://loan-for-study.blogspot.com/2009/12/college-loans-may-cause-debt-in-later.html> * -- You received this message because you are subscribed to the Google Groups "Dot Net Discussions" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/dot-net-discussions?hl=en.
