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$78,000 of Debt for a Harvard Theater Degree
The New York Times ^ | 07 Aug 2017 | SOPHIE HAIGNEY

Posted on 08/08/2017 9:50:37 AM PDT by Theoria

Twelve years after finishing Harvard’s graduate theater program, Katierose Donohue still pays almost as much in student loans each month — about $650 — as for her share of the rent in Los Angeles. She recently stopped hosting her monthly sketch comedy show, “Ma’am,” because she didn’t always break even on her $200 budget. She’s now working side jobs as a dog walker and a social media copywriter, after past gigs serving at Starbucks and handing out free cigarettes for Camel.

She’s never missed a loan payment, but there’s no end in sight: She borrowed nearly $75,000 to attend the American Repertory Theater Institute, or A.R.T. Institute, at Harvard and still owes about $54,000.

“I can’t afford to make my craft, even though I’m regularly booking work,” Ms. Donohue said. “One fellow alum said to me, ‘Getting this degree basically guaranteed that I wasn’t able to pursue it as a career because I immediately had to get a job to pay for the education I received.’”

Most young actors don’t face graduate school debt like this — yet it is common for those who attend the A.R.T. Institute. Despite being at the world’s wealthiest university, institute students receive modest financial aid and leave with a median of $78,000 in debt in exchange for a master of liberal arts degree from the Harvard Extension School. In contrast, the loan debt average for master of fine arts students at Yale School of Drama tends to be around $14,000, a financial-aid officer said. At Juilliard, the average student loan debt for the four-year undergraduate drama program is $27,000.

The steep repayment burdens have been a straitjacket on students and their career aspirations for years. But now they have become a major problem for Harvard and the A.R.T. Institute, too.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: boohoo; college; debt; degree; dopeydems; educationfunding; harvard; highereducation; liberalarts; studentdebt; studentloans
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To: Theoria

All that to lose the role to a gal who was a particularly good roll on the casting couch.


21 posted on 08/08/2017 10:04:44 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

“One of these days”???

Hell, Hillary and especially Bernie were campaigning on that very notion.

The Free Sh!t party has been promising free college tuition for years. If elected.


22 posted on 08/08/2017 10:05:02 AM PDT by Responsibility2nd
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To: Romulus
College and health care would be cheaper if .gov would leave the scene in many ways.

I know Doc's that struggle to pay off their student loans, but they get it down. And that with bringing home some real money.

I have sympathy for those people who have chosen a different path and it hasn't worked out for them. I usually tip them well.

23 posted on 08/08/2017 10:06:49 AM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: Buckeye McFrog

Don’t be too quick to dismiss Katierose’s ability to roll....

https://www.google.com/search?q=Katierose+Donohue&num=100&safe=off&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjjhrXkj8jVAhVrqFQKHcsUB5IQ_AUICygC&biw=1280&bih=608

She’s a cutie.


24 posted on 08/08/2017 10:07:16 AM PDT by Responsibility2nd
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To: Buckeye McFrog; Responsibility2nd
I'm not laughing at that. One of these days the Dems will propose it, and people in hock up to their eyeballs will be crawling over broken glass to go and vote for it.

Haven't Paul Rino and Mitch McDonald taught you anything?

Once you win the election all promises that got you there are null and void.

25 posted on 08/08/2017 10:07:45 AM PDT by E. Pluribus Unum ("It's too late to work within the system, but too early to shoot the bastards." --Claire Booth)
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To: Theoria
Wait... her loan was $75,000, and if she's been paying $650 a month for 12 years... if her interest rate was 3.8% she would be paid off by now. (My own is 3.625%)

But she still owes $54,000??? What's her interest rate, 9%??

26 posted on 08/08/2017 10:10:26 AM PDT by A_perfect_lady
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To: Theoria

Thing is, there are really good paying jobs out in the entertainment biz, but just showing up with a degree in hand will not necessarily get you in the door. It’s a very tight knit scene where most jobs come from networking and reputation, and you will not be making great bucks until you have a good deal of experience under your belt, regardless of education.


27 posted on 08/08/2017 10:11:18 AM PDT by SirFishalot
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To: Theoria

Prime social justice worker recruit?


28 posted on 08/08/2017 10:11:35 AM PDT by The_Media_never_lie (Is it not too late to appoint a special counsel to investigate Hillary's crimes?)
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To: Responsibility2nd

29 posted on 08/08/2017 10:11:39 AM PDT by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Responsibility2nd

“Sucks for her that Hillary wasn’t elected.
That student debt would have been wiped clean by now.”

The Progressives will never actually forgive student loan debt. All those debt-slaves are far too useful as political tools. The Dems can propose student debt forgiveness anytime they want to paint conservatives as “mean” and “heartless”.

Besides, if all that student debt was forgiven some of these kids might be able to buy homes and raise families, and next thing you know they would care about issues like over-taxation and their country’s future and thus have to leave the Democrat party.


30 posted on 08/08/2017 10:11:50 AM PDT by Junk Silver ("It's a little hard to herd people onto trains when they're shooting at you." SirLurkedalot)
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To: Theoria
She’s never missed a loan payment, but there’s no end in sight: She borrowed nearly $75,000 to attend the American Repertory Theater Institute, or A.R.T. Institute, at Harvard and still owes about $54,000.

Looks like she borrowed $75,000 to obtain a degree that is worth closer to $75.00.

Not smart.

And to think that this was one of those "investments in education" that Barry the Simpleton Boob told us we absolutely had to make, lest we eat the seed corn of society, or some such crap.
31 posted on 08/08/2017 10:12:43 AM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Paladin2

“Harvard is ripping off their students (in many ways).”

Harvard isn’t alone. Virtually all of the “Ivy League schools” have endowments that would allow for free tuition. We would be “debt free” if I had not allowed our last child to go to Boston University to graduate Magna Cum Laude in “Performance Music!” She now works for a contacting firm for $60k an year as HR manager, as we continue to pay on our mortgage that was the locus of the $200k her education cost.


32 posted on 08/08/2017 10:12:58 AM PDT by vette6387
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To: Theoria

If she really wanted to make money in her chosen profession all she had to do was give a hummer to the right Producer. Costs a lot less money.


33 posted on 08/08/2017 10:13:43 AM PDT by dfwgator
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To: Theoria

Play stupid games, win stupid prizes. Some win the birth lottery, while others are cursed with being raised by libs. Other than sterilizing all libs, I don’t know what they want us to do about it.


34 posted on 08/08/2017 10:13:48 AM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: Theoria

The question that comes to mind is “why”?


35 posted on 08/08/2017 10:13:53 AM PDT by ilovesarah2012
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To: Paladin2

Especially since most of these ahole actors didn’t even pass high school.


36 posted on 08/08/2017 10:14:07 AM PDT by longfellow (Bill Maher, the 21st hijacker.)
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To: Theoria

37 posted on 08/08/2017 10:15:54 AM PDT by Snickering Hound
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To: Romulus

Unilaterally intelligent professors teaching poor life experienced young prolonged adolescents, while pumping up their pride.All on the taxpayers dime...and the students or clueless parents dime...and when they need government assistance...back to the taxpayers dime..higher education should include teaching students how to assess the value of their aspirations(should be done at home or by high school age)


38 posted on 08/08/2017 10:17:46 AM PDT by Getready (Wisdom is more valuable than gold and diamonds, and harder to find.)
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To: Theoria

Zero sympathy for the idiot lib.


39 posted on 08/08/2017 10:18:40 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: Theoria

Stupid is supposed to hurt.

L


40 posted on 08/08/2017 10:19:09 AM PDT by Lurker (President Trump isn't our last chance. President Trump is THEIR last chance.)
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