<p>This is interesting. It allows students to predict how much of their pay will be taken up by loan repayment over time and taking into account average pay for their major.</p>
<p><a href=“http://www.hamiltonproject.org/student_loan_calculator/”>http://www.hamiltonproject.org/student_loan_calculator/</a></p>
<p>I think that’s a good tool. Too many kids end up with huge loans compared to their salaries. </p>
<p>Great tool, but kids and parents need to remember full time continuous employment upon college graduation is not predictable and definitely not a given. Also, folks have to remember that many kids swap majors pretty frequently before settling and then may swap more before the end of their careers. </p>
<p>Our S graduated as a BEE. He has never been able to practice engineering as they learned he’s a good manager and has done project management now for 3.5 years. He’s cobtemplatingbgettingban MBA to go with his project management certification. </p>
<p>Other friends have had various majors and are going into education and other fields as they couldn’t find work in original majors. </p>