2002-11-17 - 11:56 p.m.
After two deferments I am finally ready to start paying my federal student loans. This is because I finally have a real job . . . or at least real enough for the federal government. I am happy because I am finally able to start chipping away at my college debt, which should be gone in 12 years . . . right around the time I am 39. I am also very upset because I must forgo 240 dollars every month for the next 12 years.
Basically, my education is a 21 thousand dollar brand new car I have no right owning because it will take me 12 years to pay it off. The interest that will accumulate over those 12 years will be roughly 9 thousand dollars, enough to buy a two-year old used car. What I am saying, or I guess asking, is that does this mean I have to drive my 1993 Ford Taurus around for another 12 years? 'Cause at the rate I'm going, I'm not going to see a job that pays well enough anytime soon.
On the bright side, I know a guy who got a college education at the cost of a Middle Class Home in the suburbs, roughly 90 thousand dollars. I think he's still living with his parents . . . and he's 30-something.
