Friday, January 31, 2003

Richard Grayson letter in The New York Times: "When College Breaks the Bank"

Richard Grayson has a letter in the New York Times today (January 31, 2003): "When College Breaks the Bank":

To the Editor:

It is unfortunate that some college graduates, burdened by student loan repayments, feel that they must delay or forgo additional education (front page, Jan. 28).

But loan payments can be deferred while attending graduate or professional school or even going back for a second bachelor's degree in an additional field.

Indeed, I know many adults who have become perennial students, taking six credits a semester in various graduate programs, so that they can keep deferring payments. One friend has collected one master's degree after another, joking that she will probably end up as the most educated resident of an assisted living facility, paying her loans out of her pension and Social Security checks.

Davie, Fla., Jan. 28, 2003