Class Action

Like many college students, I recently took out my first loan for college. Although not a significant amount, it was still more than I’ve ever had in my own personal bank account. My loan was the first money I’ve ever borrowed; I don’t even own a credit card. Unlike my mother, who is already worried about paying it back, I’m not as concerned with repayment. It’s not that I’m irresponsible; I just think that by the time I have to make payments it won’t be that big of a deal. I had assumed that I was alone in this feeling until I stumbled across a study conducted at Ohio State University based on a survey indicating that the more debt individuals age 18 to 27 have, the more empowered they feel.