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Easily the worst advice I have seen in a long time. As paperplane showed, you would be looking at about $1000 per month after graduation, and that’s if you needed no money for grad school. That’s 2-3 car payments! No one fresh out of school pays off $80,000+ in loans immediately.</p>
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That really isn’t true. Every school has its share of hard partiers that usually either flunk out or come close enough to get scared into toning it down. I realize SAT scores are not the measure of everything, but the average SAT score of Tulane students is virtually identical to those of UVA students. I also assume, based on your end cost in loans being so low, that you got a nice merit scholarship at Tulane and therefore you might be in the Honors Program. If so, then you will be with a lot of students that take academics as seriously as you do.</p>
<p>Generally speaking, you should come out of undergrad with no more than $20,000 in loans, $25K tops. $80K is not even a discussion. Even Harvard is not worth that much debt.</p>