Now, debt’s your reality check
In reel life, all college students have to worry about is getting through college, finding themselves a soul mate and having a good time. In real life, they are a depressed lot, their enthusiasm dimmed and subsisting on cost-efficient fast food so that they can save up some money to pay off their debts. Painful? The truth always is. The realities of college life quickly quash many graduates’ sense of idealism. The harsh truth is that bearing the burden of student loans can be overwhelming.
Of course, the number of agencies that provide aid is growing rapidly. But this growth is somehow unable to prevent an increasing dependence on borrowing money, according to the College Board. Graduates are soon saddled with debt during a financially fragile period of their lives. In fact, a recent survey titled “The College Debt Crunch” revealed that 42 percent of responding college graduates with student loans live paycheck-to-paycheck. And the saddest bit: 34 percent even claimed to have sold possessions to make ends meet.
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