The student loan pause brought one Hillsborough resident stability. Now it’s ending #student #loan #pause #brought #Hillsborough #resident #stability Welcome to JibGlobe, here is the new resources we have for you today:
Come August 31, the pause on student loan repayment will end and millions of Americans once again be on the hook for thousands of dollars each.
WUSF is introducing you to three Tampa Bay area residents who are trying to figure out how they’ll handle that change.
When Wall Street crashed and the recession hit in 2008, Ericka Leigh was a comedian and a server working to pay the bills in New York City.
She didn’t want to work in food service forever. So she moved back to Tampa and enrolled in a master’s program in sustainability at the University of South Florida to get more financial stability.
“I had 11 years of restaurant experience and a bachelors of arts degree and I felt like on paper I didn’t really look that great,” she said.
Leigh took out $40,000 in loans for the program on top of the more than $20,000 she already had in undergrad loans.
Part of the high price tag was due to Leigh’s decision to borrow more during her second year of grad school to take advantage of internships she hoped would boost her resume.
“I thought after I graduated, within a year, I would have a decent paying job,” she said. “I would be using my education, using my network from the university. And they gave me my diploma, and then I really felt like I was on my own.”