Yes, I chose to go to a private, expensive college. There was a calculus there, and one part of it was “I liked the feeling of it.”
I know, this type of sentimental idealism is a privilege. It’s no surprise I came out with the equally sentimental notion that I wanted to do non-profit work — which makes it that much harder to pay those loan bills.
It’s baffling to my Filipino parents. They didn’t cross the ocean and consign themselves to discrimination and demeaning jobs because they liked the “feel of it” — or even on the promise that their lives would be better. They did it on the promise that my life would be better. And that I wouldn’t owe anyone anything.
They could live underwater, they decided — but they at least expected their children to take a breath of fresh air. Well, sometimes it feels like the air is polluted. And the water is teeming with loan sharks.
So much so that some companies — among them many banks, financial institutions, and other large for-profit businesses — have begun including student loan repayment assistance in their salary packages.
I have to admit it’s tempting, especially since the Trump administration wants to end a federal program that would forgive the student loans of people who commit to public service work.
What’s the alternative, after all?
Having a non-profit career in something you care about can require years of barely remunerated labor: an unpaid internship, volunteer work, a minimum-wage second job, or a salary that barely meets the threshold for a living wage.
Prioritizing a career in something you care about, in addition to paying rent and groceries, requires consigning yourself to a debt you’ll live with until you have children. That is, if you have children — since you don’t want to deal with their student debt either.