Depressing Twitter Thread Details The High Costs Of Education In America

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Meeeeesh
Jan 13, 2020 4:00 PM EST

Getting a college education in America can completely ruin a person financially, as times just aren't what they used to be when our Baby Boomer parents were our age. This Twitter thread is depressing as hell, but highlights the reality of being in an outrageous amount of student debt.

The solution to all of this? It may be time to encourage today's high school kids not to attend traditional college and go to trade school or community college instead!

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  • 01
    Text - Lacy M. Johnson @lacymjohnson When I left grad school in 2008, I owed $70k in federal student loans. (A poor choice I wouldn't make again.) For the past 11 years, I've been making payments (except for a period of under employment), totaling about $60,000 in payments. Guess how much I still owe. $70,000.
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  • 02
    Text - Michelle Giannone @mgiannonemd Replying to @lacymjohnson I owed roughly $365,000 after medical school. I've paid for 6.5 years, ~$2500 a month, approximately $165,000, my current balance is $350,000.
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  • 03
    Text - Amyamyamyo @amyamyamyo Replying to @lacymjohnson and @samswey Same. Graduated grad school in 08 with nearly $100k in debt, have paid over $100k since then in interest, still owe $100k.
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  • 04
    Text - Twit Presi_Dunce @MyP_Chicago Replying to @lacymjohnson This is why college grads are trapped in student loan debt cc: @SenatorDurbin Balance Overview This bill has 1 account $42,558.00 Original Loan Amount (Disbursed): Total Amount Paid: $18,140.40 This amount may include interest and fees, and includes payments made since Great Lakes began servicing your account. Remaining Balance: This is not your payoff amount. $44,308.08 Accounts in this Statement > Stafford Loans U.S. DEPARTMENT OF
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  • 05
    Text - ba @saturnineba · Dec 11, 2019 Replying to @lacymjohnson @SelenaCoppock Started out owing $120k. 7 years, never missed a payment, got it all the way down to $137k!
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  • 06
    Text - AngelaBlueWave C @AngelaBlueWave Replying to @lacymjohnson I had 70,000. Paid 36,000. Still owe 67,000. O1 7:09 AM - Dec 13, 2019
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  • 07
    Text - Breezy Salazar @BreezySalazar Replying to @lacymjohnson @JamieJLeClaire I had a similar experience. I've been paying on a $40K student loan since Feb. 2014, I have not missed a single payment. I'm in the PAYE program. I now owe $41K. How is that even possible? My husband's been paying off $12K since 1999. He owes $10K now. 20 yrs later. 1 6:53 AM - Dec 13, 2019
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  • 08
    Text - Grandpa Rufus TM @Grandpa_Rufus Replying to @lacymjohnson I had mine down to about $26, i was unable to continue payments and now its $50k.. i am glad they can add thousands of fees to a federally back loan that never goes away. O 172 8:40 PM - Dec 11, 2019
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  • 09
    Text - Konal Dobson @kdobson23 Replying to @lacymjohnson When I finished earning my Masters I had about $90,000 in student loans. I've done income- based repayment for about 6 years now. I currently owe $110,000. O 70 5:27 AM - Dec 12, 2019
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  • 10
    Text - Dream @Dreamer1865 Replying to @lacymjohnson I feel ya. Went to business college, had a bill of $19K. I now owe $33K even though I spent years paying $300 a month. I'm done paying. They can take my taxes, but I refuse to set up another payment plan and get screwed over again. O1 12:45 PM - Dec 13, 2019 (i)
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  • 11
    Text - & #removetRumpNOW #fbr CY @Betsy_Manning Im Replying to @flowhypno and 2 others Schools and the loan system have just become a racket. We're supposed to be able to get a well paying job and have a good life after school, not be indebted forever. My art college in 1987 was $4500 a year. It's now at $45,000! Believe me, it wasn't worth $4500! O 47 5:13 AM - Dec 12, 2019
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  • 12
    Text - Aaron Huff @aaronhuff Replying to @lacymjohnson Only took on loans for law school. Graduated in 2005 with $72k. Last time I looked, I had paid it down to a whopping $65k. 11:07 PM - Dec 12, 2019
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  • 13
    Text - Jess Hback @rittapokie Replying to @lacymjohnson @ Liz_McAnder My mother took out $15000 in loans, she now owes over 40k, and the school closed and sold their debts. 33 6:32 AM - Dec 12, 2019
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  • 14
    Text - Jaime Barclay @jaimebarclay Replying to @lacymjohnson Same. Borrowed $97K, been paying for 13 years. Checked yesterday. I sill owe $146K.
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  • 15
    Text - Karmababy @Karmathebeagle Replying to @lacymjohnson I graduated with $210K in student loans. My first loan was in 2001. My last in 2012. I got a great job. I've repaid $120k. I still own $260K today. I'm back in school for one more degree. It's for $50K. I know P'll die in debt so I just decided to do it and be happy. O 6 1:08 PM - Dec 13, 2019
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  • 16
    Text - rebelhead via Android O 214 pts 15 hr It's like they want to drive us to develop some sort of educated organized crime syndicate
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  • 17
    Text - ejhickey 10 pts 11 hr Not paying enough on the loans. Probably wasting money on food and rent Collapse 8 hr AIComments 3 pts fing millennials.
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Sad twitter story twitter depressing university student loans america education expensive college
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