Today a check came in the mail0 $5,338.00.The check came in my daughters name. She’ll be a senior at St John’s University this year in September.But, she needs to go to summer school. She will be taking 2 classes… Spanish Level II - 3.0 credits and Public Speaking Col - 3.0 credits 000 for a total of 6.0 credits.Language Lab Fee0000 $25.00 Tuition: St Johns College00$5,238.00University General Fee000$50.00. 0 Total - $5,338.00 0That’s how much the check was for0 $5,338.00 It was from her favorite lender Sallie Mae.The envelope with the check was addressed to my daughter, not me. I didn’t even know she had applied for the loan.She didn’t ask my opinion or advice or permission. She’s 20 years old, no longer my little girl. Old enough to borrow $5,338.00 on her own. Damn!There will come a time when that $5,338 will have to be paid back. There is a price to be paid for this “easy-money”.At about $50/mo, it will take about 10 years to pay that off. 0 Not so easy to pay back! My daughter owes $28,973.13 in student loans so far. She still has at least 1 more year to go for a bachelors […]

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