In this article, you find out just what a calamity borrowing for education is.
Ok. So I can tell my brothers to work for the best grades possible and attend a public university on a 100% scholarship.
I can advise them that if they need loans to study independently for certain courses and CLEP them (Spanish, Algebra, English...you'd be amazed at how many there are...).
Or I can advise them to simply choose a career that requires you to pass a test and study independently while living at home and working at Publix. Actuary, Pension planning, Insurance sales...even IT work if you pay for the Microsoft Expert courses.
But what about me? What do I tell myself now that I've accrued all that debt? What is the advice for me on how to pay it back? The best advice would have been to not get student loans. But in 2002, apparently the loaning industry hadn't been so Shylock-ish. So I have them.