<p>Swimscats mom - "THE REPAYMENTS ON AN 8% $160,000 LOAN WILL BE AT LEAST $2,000 A MONTH EVERY MONTH FOR 10 YEARS. YOU WILL NEED TO START OF EARNING AROUND $233,000 A YEAR TO BE ABLE TO PAY THIS COMFORTABLY. "</p>
<p>Also unrealistic— parents with only a little better than 1/2 that income meeting an EFC of 40 to 45K annually.</p>