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Home > Family & Relationships > Teenagers > Strapped
Strapped
by Draut, Tamara
 
 
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Strapped

Tamara Draut is Director of the Economic Opportunity Program at Demos, a national think tank headquartered in New York City. Her research and writing have appeared in the New York Times, the Wall Street Journal, USA Today, and Newsweek. A frequent commentator, Draut has appeared on CNN Headline News, CNN’s Lou Dobbs Tonight, CNBC’s Closing Bell, and ABC’s World News Tonight. She lives in New York City with her husband.



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Title of ebook: Strapped
ISBN: 9780385517652
parent-ISBN: 9780385515054
Publisher: Doubleday Publishing
Pages: 288
Published: 01-2006
Released online for download: 01-17-2006
Author of eBook: Draut, Tamara

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Strapped


Chapter One


Higher and Higher Education

Renee, a white 26-year-old, grew up in St. Paul, Minnesota. Her parents wanted nothing more than to send her to a four-year college when she graduated from high school, but unfortunately, it was priced out of reach. Instead, Renee began taking business classes at a nearby community college that specialized in business training and got a full-time job. She worked during the day and took classes at night.

Some time later, Renee accepted a new job at a nearby printing company. A nice increase in pay was the upside; working the midnight shift was the considerable downside. Suddenly, balancing school and work became a lot more difficult. Renee would work until 8 A.M., sleep in the afternoon, and go to school at night. Eventually, racked with exhaustion, financially stressed out, and supporting an unemployed boyfriend, Renee dropped out of school. Money played a big role in her decision. She had already taken out student loans and burned through a small inheritance from her grandfather. Already $4,500 in the hole with student loans, Renee didn't want to sink any further into debt.

It is now four years later and Renee is still making loan payments. ... read full excerpt from: Strapped ebook



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