<p>mcat2,
I personally do not believe that paying loans in one year is possible. However, if one lives on complete financial support and has about $70k in loans, that it is a reasonable goal. Say, one lives with the parents / spouse and spends ALL of his salary (about $70K after taxes, some insurance payments and other expenses not covered by other family member(s). It is all relative. Knowing my D’s expeses (singe we cover hers 100%), in her particular case, it would be comletely IMPOSSIBLE. I hope that she can merely survive (she is planning to live in relatively cheap area, she is not even going to apply in expensive locations such as CA or NYC) on the resident’s salary (I have some reservations though, remain to be seen, maybe living on her own will change certain habits. D. is very very responsible, she takes care of everything on her own, but not the financial side. She has been a responsible person since the kindergarten in everything that she was involved not just academics. But we have been supporting her financially.</p>