http://www.tolerance.org/magazine/number-46-spring-2014/feature/drowning-debt..."Fast-forward eight years: Lalama has her degree, but she now pays $758.51 a month toward her student loans. Due to compounding interest, only $4,360.14 of the $32,000 she has paid so far has gone toward her principal balance. She still owes more than $65,000 overall.
For middle- and low-income students like Lalama, the path to higher education has become fraught with financial traps. Whether these students attend for-profit schools like Full Sail, private colleges and universities or public institutions, shifts in financial-aid policies and questionable lending practices have put a growing number of idealistic students and their families in long-term financial peril. Children of immigrants, students of color and first-generation college attenders are particularly vulnerable."