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August 28, 2005

Massage School and Student Loans

The Times Picayune examines the debt students can accumulate while attending non-traditional colleges.

Nelly Perry went to massage school convinced she could avoid the tens of thousands in loans her friends amassed at traditional universities.

She followed the advice of counselors at two schools, borrowing more than $12,000. The process was so easy that she applied for one loan over the phone. But, unlike her friends' loans from the federal government, Perry's came from private lenders charging interest rates of between 8.5 percent and 13.5 percent. Plus, the loan terms required repayment while she was still in school.

I was lucky, my massage school (UCMT) was covered under the federal student loan program. This can be a major factor while considering which massage school to attend.

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Posted by linda at August 28, 2005 5:07 PM

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