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About 43 million people in the US hold that debt collectively. That's an average of $23,000 per person. The median is likely much lower as many doctors, lawye
by rplst8 6y ago
About 43 million people in the US hold that debt collectively. That's an average of $23,000 per person. The median is likely much lower as many doctors, lawyers, and other post-grads have $100-300k in debt.
I don't think that it's an arduous sum at all. I came from a working class family and I had nearly twice that amount ~$40,000 when I got out of college in 2001. I set up a payment plan and paid it off with about 5-6% interest.
- hue3 6y agoThe good ol’ classic “if I did it, anyone can do”. Funny you say you got out of college in 2001, when the entire global and domestic political-economic scenario were different and the social value of a degree was much higher than today.