I hope you all had a wonderful Thanksgiving holiday!
While sitting in an airport waiting for an airplane (and making use of free wifi) I came across a website created by a young woman who owes almost $200,000 in student loan debt! Now, far be it from me to judge anyone else's debt, but I just can't wrap my brain around this one. I think all of this debt is from a bachelor's degree (nope, she's not a lawyer or doctor, as far as I can tell; apparently she wasn't a computer science graduate, since the links to other media sites on her blog don't work).
In any case, what intrigued me about her website is that she is asking for donations from people so that she can pay off her debt! And incredibly she's gotten a little over $6,000! I don't know how much of that came from family and friends, but the fact that she's 'made' over $6,000 in donations is pretty incredible. Her website is called 'TwoHUNDREDthou" and apparently she's getting all kinds of media attention.
Now, as a cautionary tale to would-be student loan takers, I like the idea of her website. If this keeps even one person from signing on the dotted line so they can attend an overpriced school or avoid working like a maniac or go on a really cool Spring Break trip every year, then the website is a success.
However, as a way to pay off debt that this woman knowingly took on, I'm sort of appalled. Or maybe a little jealous, as I work literally SEVEN days a week to right my wrongs and create a more stable financial future for myself.
What are your thoughts?