prestige vs price?

UCLAri
Fri, 23 Nov 2007 15:18:10 +0000

I think that most of the younger people on this site, never having PAID their loans back, don’t realize how much you’re spending each month on your debts.

Assuming $100K in loans at 4.5% and paid over 10 years, you’re spending $1000 a month. This means you need an income of around $120K to spend only 10% of your income paying it back.

That’s a pretty harsh reality. VERY VERY VERY VERY few BAs can ever hope to get anywhere NEAR $120K when they start.