"huge" student loans

JL50ish
Wed, 22 Oct 2008 21:30:52 +0000

sufjanfan…

If you “run the numbers,” you’ll learn that if you borrow $160,00 (total for 4 years), you will have to pay nearly $2,000 per month for 10 years. Do you have any idea how much money you would have to make in order for that to be “do-able” (meaning that you would still be able to pay rent/mortgage, car, food, etc. You’d have to make well over 200,000 a year to pay that back, and it still wouldn’t be “painless.”