Over $20,000 in Loans
While I enjoy the jobs I have on campus, having the Student Income Contribution (SIC) makes earning money an obligation and a burden, rather than a choice. This is something my more wealthy peers do not have to deal with, creating a social and academic separation between people who pay SIC and people who don’t. Additionally, while I work two jobs, both of which pay more than campus minimum wage, and I work as many hours as I can, I do not come close to making enough money to pay the SIC. I am much more worried about paying for my textbooks and everyday necessities than paying money to Yale, and in order to manage that, I have to take out loans to cover the money that Yale expects me to pay each year, which mostly comes from the SIC. While I came to Yale expecting to graduate “debt-free,” on the path I’m going now, I’ll have over $20,000 in loans to pay back, tying me down to find a job that pays well enough to handle the monthly bills, on top of living expenses, starting six months after I graduate. The financial aid policy that told me I wouldn’t pay more than I could handle, and that I would graduate loan-free, was a vital part of why I chose Yale, but that was misleading, and there’s nothing I can do to change the debt I’m already in.