Pacific Standard May-June 2013 Cover

An Imperfect Solution to Toppling Student Loans

In May, Jenny Cooke graduated from the George Washington University (the most expensive university in the nation) with a degree in nonprofit management and a job at the Association of Air Medical Services, where she had interned as an undergraduate. Although 75 percent of her college education was funded by grants, she still was $39,000 in debt. Today, she budgets about $300 a month to repay her loan, about an eighth of her monthly income. Jenny can afford to make these payments; many others in public service jobs, however, cannot. Taylor Orr also works at a nonprofit. She also graduated ... Read More