Washington Post report on student debt highlights CT woman’s struggle
A recent Washington Post article states that “nearly 45 million people … hold $ 1.7 trillion in education loans in the United States.”
Among those people is Erin Corbett, 43, an educator in Bloomfield, Connecticut. Corbett has been highlighted in a series of vignettes that paint a human picture of the debt crisis in this country.
“I incurred most of my debt from a doctoral program at the University of Pennsylvania. There had never been any intention of pursuing this degree. I already had an MBA, but my boss at the time told me if I wanted to keep my degree. data management director position i needed to graduate terminal … there is a lack of understanding on the path women, especially black women, must take to rise in their field , to at least touch the glass ceiling, “she wrote.
Read the full story from The Washington Post.
“The first time I really felt like I had to was right before I graduated in 2017. There’s the exit interview where they’re like, ‘Hello, welcome to all the money you owe. It’s here. Would you like to pay $ 5,000 per month? Corbett went on to write in the article. His total student debt was $ 330,360.
The document cites the 2019 Federal Reserve’s findings that “borrowing rates were higher in areas with a majority of black residents. The agency noted that income disparities are likely due to low-income students who are more likely to need loans to pay for their education.