Student debt levels are insane for the outgoing group of graduates.
By Daniel at 9 December, 2008, 2:33 am
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Many realize that going to grad school means a life of paying debt. In the end you might make more, but in the short term you’ll make far less that most of your counterparts after you subtract the student loan payments from the increase in pay that grad schools bring.
Most college grads and grad school grads I know are paying 30-50% of their paychecks to student loans every month. Not a single one of them can afford to even think of buying a house. I myself fork over 50% of my monthly take home to student loans.
Want to fix the economy? Forgive some student loans - that’ll help get spending going on houses, cars, etc.
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