Was the platform on which Abovethelaw.com journalist/editor, Elie Mystal, became a celebrity his $150,000-something of student debt?
That was accumulated when he matriculated at Harvard College and Harvard Law School. And he added to it when he stopped being current with repayment. His anecdotes about landlords' eyes popping when he applied for a rental and they saw his credit report made us all feel better about our own financial pickles.
No slouches when it comes to a story with legs, the media continue to run with the "tragedies" precipitated by student debt. The latest, though, is authentically sad. In The Washington Post, Nick Anderson reports:
"A couple of weeks before Howard University's 147th commencement, its president [Wayne A.I. Frederick] e-mailed tens of thousands of alumni with an urgent and unusual appeal on behalf of 180 seniors in the class of 2015: Help the students pay off their debt so they can get diplomas."
What the students owe ranges from peanuts - $313.50 - to five figures. The good news is that they didn't drop out of college because of money. The bad news is that they might not have the BA or BS to leverage for a job until they pay off what they owe Howard. And that in itself can be a Catch-22. Jobs not requiring a degree tend to pay less than those which do. Consequently, there will be little left over to send Howard after the non-degreed pay their immediate bills. Food, car note, keeping a roof over one's head - all pricey in 2015.
This blog hopes these debtors can be helped to graduate.