Student Debt

A New York times article on student debt.

They don't mention it, but there is another price to servicing student debt over time - loss of investment opportunity. The girl in this article should be paying $700 per month in student debt. If she were just investing that in a combo of a Roth IRA and some basic blue chip stocks, over time, she'd be doubling and tripling her money. By the time she pays off the $100,000, she's both paid an incredible amount of interest on the debt and lost all the potential gains via investment in stocks or a house. But then again, she wouldn't have read Foucault in a class.