Tuesday, May 8, 2007

Student Loans-Beware

The main reason many culinary school students took out such large student loans was because they came from low to medium income families. These families clearly couldn't afford the high price of $48,000 for a two year program. It is a shame that these culinary schools do not provide the students would sufficient financial assistance. Culinary students such as Rick Park, who currently makes a measly $10.50 an hour, struggle to support themselves and pay off their students loans at the same time. Luckily for him, his mother helps him in pay his monthly student loan payments. However, not all culinary students are that fortunate.

After reading article on student loan, my view of student loans has changed. During my freshman year in college I will be taking out $3,500 in student loans which is low compared to many other students; however, I am still very fearful because the amount of students loans I will take out will vary each year. I am afraid that when I graduate I will have accumulated over $20,000 in student loans and my payments will be very high. Hopefully, this will not be the case.

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