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I don't really see a problem with graduating with even $150,000 in debt. This is an investment in the future, not a millstone about your neck. The key is being intelligent about that debt. When you graduate and go into that job that pays $150,000 a year, don't immediately incur even more debt by buying an expensive house, expensive car, new speed boat, etc. Instead the intelligent graduate will continue to live on a modest budget for another couple of years while focusing on paying off the debt. Live on $40,000 a year (which would be quite comfortable for a single person) and put the other $110,000 into paying off debt. Within two or three years pretty much any college debt could be paid off and THEN you buy the house and car without any problems.

posted 4 years, 8 months ago
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