Yeah, so 16% of his income is a pretty sizable chunk for something like loan payback, considering most people making around that are paying probably 30% for ren

Yeah, so 16% of his income is a pretty sizable chunk for something like loan payback, considering most people making around that are paying probably 30% for rent or mortgage, and then there are car payments or transit costs, kids, life expenses... The purpose of a student loan is to finance an education, not to enslave a person trying to better themselves and lock up all their income just to satisfy greedy banks. One of my coworkers (younger fellow, 28-29 or something) has a six digit loan and pays 700-something a month, which is around 20% of what he most likely makes. He doesn't have any kids though, so he can afford to overpay like that, for now. student loans are a shark industry in america, idc what anybody says. Preying on the people in society attempting to be the most productive, it's awful. That the guy in tfa has a medium-to-high income shouldn't really matter. The student loan should be a tool of utility for the learner, not a tool of profit maximization for the bank.