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There's a pretty big difference between "average student loan debt" and "the cost of an education". The former doesn't include costs that were paid without goin
by teraflop 9y ago
There's a pretty big difference between "average student loan debt" and "the cost of an education". The former doesn't include costs that were paid without going into debt, nor does it include debt that has been partially paid off after graduation.
Don't forget to factor in the opportunity cost of not working a full-time job for four years.
- jjeaff 9y agoLots of non education expenses get rolled into student loan debt. I've known people to take out max student loan debt and buy CDs or invest it in rental property. Some people take out excess student loan debt because they don't want to cramp their lifestyle of a nice car and eating out everyday.