The federal government guaranteed every student loan that I took out. This means they promised private student loan companies that if I defaulted, the loan company would be fully reimbursed. In other words, the loan company took less risk on my student loans than another did on my house. So why am I paying twice as much in interest for a student loan?
Chelsea is the founder of Spyglass Tutoring, a Humanities enrichment tutoring service located in Rockland, ME. She has taught English literature to middle school and college students and is also certified (in the state of Georgia) to teach gifted education. She also holds a Ph.D. in English literature from the University of Wisconsin-Madison. She and her husband moved to Midcoast Maine in 2013 and love the excitement and vibrancy of the area’s creative economy.Follow @Hacking_Edu