Minerva News

Debt Sentence
June 20th, 2014

WouldYouDoItAgainAs a client-serving CPA who happens to also work in higher education, the role of debt for young artists is never far from my mind.

 

That’s why I was thrilled to talk to Diep Tran for her article “Debt Sentence” for The July 2014 issue of American Theatre Magazine.

 

I could give you the highlights, but you probably already know them.  You may even already live them.

 

I don’t have to tell you that many artists complete undergraduate and graduate programs with mountains of debt.  Nor do I have to tell you how challenging maintaining monthly payments can be, especially for freelancers who may rely on unpredictable revenue streams.  And I really don’t have to tell you that it’s hard to “make a budget work” as a young artist, even without including student loan repayments.

 

But Diep tells us all that and more in “Debt Sentence” with a long-form, insightful piece full of graphics that are as interesting as they are informative.

 

And there’s an important statistic that shouldn’t go unnoticed.  When asked if they would “do it again,” over 70% of artists said yes.

 

In fact, I’ve met very few that wouldn’t.

 

Happy reading!

Posted in: Events & Media, Musings, Numbers Nonsense

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