A Student Aid Bill of Rights
Note from Diane: For those who are considering taking students loans – do not take out more student loans than you can afford to reasonably pay over a period of 10 years. Critically analyze your chosen employment market and determine how much you can reasonably expect to be paid. Reduce that amount by at least 35%. Now you might be looking at your financial reality for the five year period after graduation. But, if you are considering a career in a market that is saturated, then expect to find work far outside your chosen career and income far below the expected rate. It that case it will most likely take you 20 or more years to pay back the student loans, if ever within your income producing life. Be very careful about your decision to borrow student loans.