I Know Y - All Things College (Ep. 3)
Thanks for checking out the first episode of BanktasticTV’s “I Know Y.” Here are some important notes about this episode:
All Things College
In this episode, I took to the local university to get some insight into how students are paying for college in this tough economic time. I wanted to see how the financial pinch is affecting them and how they’re handling the rising cost of higher education. It was a lot of fun meeting these students and hearing their responses.
If there’s an entire topic that you’d like to me to tackle for an upcoming episode of “I Know Y,” I’d love to hear it! Post your thoughts and comments on our blog, or shoot me an email at lisa@banktastic.com.
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Tags: banktastic, BanktasticTV, credit card debt, credit crunch, debt, economy, expenses, freebies, gen Y, gimmicks, higher education, I Know Y, lisa randolph, paying for college, school, student loans, University of North Texas, UNT
October 14th, 2008 at 10:39 am
Wow - the staggering amount of student loan debt that graduates are carrying at such a young age is frightening. This is turning into a huge issue. What happens when and if these students start defaulting on these loans?
October 14th, 2008 at 11:15 am
Lauren,
Glad you asked that. One of the girls I interviewed in this video has in fact defaulted on her student loans. As a friend of mine, I know this background story, so I’ll share it with you. She missed some payments as money was dwindling from her account, and school had to take a backseat. She hadn’t been able to go to school in about 2 semesters, and was forced to start paying back her loans before she’s done with school.
She’s back in school this semester, but unable to attend the same university as she owes them too much money. She wasn’t getting approved for any more loans, and has lost the ability to get financial aid for quite some time.
So basically defaulting on her student loans snowballed into a massive ordeal that’s greatly delaying her ability to finish school.