The day Daniela Capparelli graduated, a letter was waiting in her mailbox.
But it wasn’t a congratulatory card. It was a notice from the loan agency Sallie Mae. Capparelli would owe $1,498 in monthly payments on her student loans that would, after reconsolidation, take 30 years to pay off.
The 35-year-old graduated from the University of Hartford in 2007, just as the Great Recession hit, with a degree in economics and finance and $150,000 in debt. She’ll have paid $309,000 with interest over the loans’ life.
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