A dollar spent on student loans is the same as a dollar spent on rent, food, or video games from the perspective of how one earns it. The average student loan

A dollar spent on student loans is the same as a dollar spent on rent, food, or video games from the perspective of how one earns it. The average student loan is presently around $25k; this corresponds to a monthly payment in the ~$250 region. (US student loans are generally paid back over a 10 year interval.) Entrepreneurs in my social circles generally had personal expense floors in the $1k to $2k region when they started inclusive of student loans; most handled it with either freelancing or working while beginning their companies. If one borrowed $100k and desires to work for a long period of time without receiving income, I would observe that "income-contingent repayment plans" are a thing and would ask, in trade for this advice, that one take opportunities to tell younger people to make good life choices with regards to fields of study and career paths given one's hard-won experience on the matter.