Korean Job Discussion Forums

[mithridates]

[Gopher]

I cannot read a 47-page study with appendices (thanks for finding it and linking it, in any case). But, its summary findings, as you present them, sound exactly right. Many students are in the same boat all over the world.

Americans get a lower-interest rate (than other kinds of loans) and many options to defer or forebear repayment later -- and, on some loans, the govt pays the interest while we are full-time students, so it does not compound at that time.

Most U.S. students do indeed finance their educations, at least partly, via student loans. There are many scholarships, fellowships, grants, stipends, and "work-study" appointments available to undergrads and grad students. And sometimes our parents pay some or all of these expenses. All of this notwithstanding, most American graduates owe money by the time they finish their education -- and this is especially so for most professionals I have known (namely, doctors and lawyers, who can owe $150,000 or more by the time they start practicing).

[bucheon bum]