In a recession, is college worth it? Fear of debt changes plans

Posted on July 7, 2010 

In a recession, is college worth it? Fear of debt changes plans

Darla Horn, 26, acknowledges she didn’t give much thought to the cost of college when she enrolled at State University of New York in Purchase.

“My plans were to get out of Texas, and college became incidental,” says Horn, who grew up in Nacogdoches, a city of about 32,000 near the Louisiana border. Because she didn’t qualify for financial aid, she took out student loans, graduating in 2005 with a double major in journalism and anthropology and more than $80,000 in debt.

Her loan payments were manageable until this year, when she lost her job as an information technology recruiter earning about $100,000 a year. Currently self-employed, she’s behind on her loan payments. In April, she organized an exhibition in Long Island that featured artwork by graduates who are trying to raise money to pay their student loans.

“To this day, I have yet to see the complete value of my education,” Horn says.

Comments

Leave a Reply