No matter who you are or how much money you have, the fact is: college is expensive.
The Institute of College Access and Success (TICAS) stated that the average student loan was around $28,000 per student. A number of politicians including President Obama and Senator Elizabeth Warren have spoken out about the problems faced by students and their families when it comes to the high costs of furthering their education, and the sky-rocketing interest rates sometimes placed on government issued student loans. If you’re mired in student debt or want some tips on how (and how not) to handle it, read on to find out about 8 celebrities who have been around the block when it comes to student loans.
1. Kerry Washington
Image source: parade.com
Famous with: TV show “Scandal” (ABC), Films: “Ray” (2004), “Fantastic Four” (2005, 2007), “Mother and child” (2009), “Django unchained” (2012).
School: George Washington University
She says: “I’m here, not just as an actress, but as a woman, an African-American, a granddaughter of Ellis Island immigrants, a person who could not have afforded college without the help of student loans.”
Outcome: The GWU class of 2013 graduated with an average of $31,337 in debt per student. Despite this high figure, it is true that student loans enable many students to afford college, establish credit and, if they’re federally backed, receive generous repayment options.