It’s the Fastest-Growing Type of Student Loan. How Experts Would Rein It In. Danielle Douglas-Gabriel, The Washington Post Despite working four jobs while in school, Nicole Sparbanie, 30, still needed loans to help cover the $120,000 cost of her two-year master's degree. Combined with loans from undergrad, Sparbanie was staring down a total of $67,000 in debt—most used to finance her graduate education.
Yet, it's not the amount that concerns her the most, but the 7 percent interest the federal government wants her to pay on the graduate loans. |