First of all I want to become a teacher .College graduates, of course, earn higher incomes than other people. Why, then, should we panic in the thought that they have to repay loans, for the education giving them their opportunities? Even graduates with relatively modest incomes pay fewer than 10 percent of there annual salary on the first loan the first year with declining percentages in future years, as their pay increased.
Political hysteria and media hype may focus on the low-income student with a huge debt. This is were we get our heart-rending stories even if they are not all that typical. In reality, the soaring student loans of the past decade have not resulted from allowing high-income people to borrow under government programs.
So I will try harder to become a teacher someday.
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