[Tishabet]

Originally Posted by Noah930

edit: Don't get me wrong. The cost of education is ridiculous today. There is little useful counseling of students regarding how loans work. And there are frequent times where I feel that the American Dream is increasingly out of reach. These are potentially very PARFy topics. But no, I don't feel that sorry for this guy regarding his student loans. Buck up.

+1

I went to a small new england liberal arts school where the cost of a 4 year education was around $120k (now up to around $200k, 12 years later) and graduated with about $40k in loans. Spent a year trying to get a startup off the ground, when that didnt work out I took my first paid job making $31k. All of my loans were paid off by the time I was 27, I never missed a payment and overpaid when I could. I was lucky enough to be employed that entire time.

I agree that the cost of education is becoming more and more insurmountable. I imagine it is hard for someone who has never lived on their own or paid their own way to know what the real world feeling would be of a $250/month vs $500/month payment if you are bringing home $2500/month... JYL had an interesting and related musing in the "Dad how much do I need to make" thread.

This being said, this dude needs to nut up. Looking at the actual numbers, he can afford to pay back his student loan. Will he take his dream vacation every year... no. Hope you enjoyed your time at college. Welcome to real life buddy.