Sunday, September 13, 2009
New law to help in paying back college loans (By Sally Holland)
Posted by Alma Zhumagulova
As a graduate from Syracuse University with a master's degree in international relations, Jana Morgan was hoping to help victims of human rights violations caused by resource wars.
The tight job market, though, has made her put those dreams aside for now while she pays her bills -- by waiting tables at The Barrack's Inn in Sackets Harbor, New York.
Morgan is realistic about her future income options. "If you are going into public service, you aren't going there to make money, you are going there to help people," she said in a recent interview.
Her less-than-anticipated income means that it is difficult for her to make her student loan payments for the nearly $80,000 in debt she accumulated getting through college. Morgan is looking at a new law that goes into effect July 1 that would help her cap her student loans at 15 percent of her adjusted gross income.
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I personally hate how expensive colleges are now and days and the fact that one of the deciding factors in which school a kid can go to is whether they'll be able to afford it. I don't regret any of my college experience at SU, but for the amount I paid to come here I'm not quite sure if it was worth that much. You can buy an awful lot with $180,000.
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