I paid off my Bachelor's student loans back in 2010 (only about $13k, but I graduated nearly 20 years ago from a public school, when tuition was only around $4k/yr), but then went to grad school a couple years later and racked up nearly $40k more (which is down to around $30k). I'm in a position where I already have a well-paying job and I own a home with a modest mortgage, so the monthly payments (~$400/mo) aren't particularly bad.
My wife graduated earlier this year with around $25k in debt. She's planning to use the vast majority of her post-tax income (which we don't really need at the moment) to clear it out in a year or so.
For people who are just out of school and have large amount of debt - that fucking sucks. Too many jobs require far more education than necessary, and a generation is paying the price (literally!)
My wife graduated earlier this year with around $25k in debt. She's planning to use the vast majority of her post-tax income (which we don't really need at the moment) to clear it out in a year or so.
For people who are just out of school and have large amount of debt - that fucking sucks. Too many jobs require far more education than necessary, and a generation is paying the price (literally!)