> the affluent didn't take out loans because they paid for their education with cash Not if they didn't become affluent until after going to college and gettin

> the affluent didn't take out loans because they paid for their education with cash Not if they didn't become affluent until after going to college and getting a high powered career... case in point, I took out almost $70k in student loans to get an MBA and paid it back within three years of graduation. I actually screwed up by paying it off so quickly, because the interest rate after refinancing was less than 3% and I would have been better off using that money to load up my IRA (which presumably would earn better than 3% on average, as well as provide a tax break).