Teen Vogue surveyed some readers about how student loans impact their finances.
As part of Teen Vogue’s IOU series, we surveyed some of our readers on how student loans impact their finances. Some respondents are paying back loans on their own, without assistance from family, and others are living at home to save money on rent while they pay down their debt. Several have second jobs that help cover expenses. Readers’ loan amounts ranged from tens of thousands to, on the upper end, hundreds of thousands of dollars.
” “My mom took out some loans in her name that she’s paying off; she doesn’t pay towards the loans in my name. Per my union contract, my job gives me $70/month towards my student loan payments.” “My parents paid for some of my college, and they are helping with current payments. My loans are only as low as they are because I worked for the university I attended and was compensated with free housing/meal plan instead of a paycheck, as well as several scholarships I earned.
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