cost of my ITT loans

I have tried to find brochures, online, from the time I went to school. There aren’t any, that I could locate at least, and I assure you, I looked. According to ED, I originally had 5 loans during my time at ITT – a couple Perkins Loans, and what not. They have been consolidated over the years, and I currently owe about $60,000.

I have paid over 1/2 that amount towards the loans since leaving ITT.

If I told you the original loan amounts, the first thing you would probably say is, “wow, that doesn’t seem like much!” followed by something like “why didn’t you just pay it all off right when it came due?.. You wouldn’t have all that interest.”

In other words, blame me and not ITT.

Let’s for the sake of an argument, make some assumptions:

1. My ITT tuition was $20,000
2. I used $10,000 in federal grants (Pell grants, etc)
3. I used $10,000 in loans.

$10,000, today, doesn’t seem like a lot of money. I totally understand that. But during the time I went to ITT, gas was 0.90 a gallon. Minimum wage was $3.35 an hour.

So please, do not come at me with how my own financial irresponsibility has somehow landed me where I am. Also, for what it’s worth, my loan is current. I’ve made nearly $30,000 worth of payments, and still owe this amount.