Assuming you have 100K, just pay 500 a month would clear it even if interest is at 5% after 36 years. Interest is fixed for student loan so it wont go up and do

Assuming you have 100K, just pay 500 a month would clear it even if interest is at 5% after 36 years. Interest is fixed for student loan so it wont go up and down like current fed rates. And that is extreme. Most have loan around 30K which can pay down in 6 years at 500 per month. Most students coming out to work can easily earn 2K a month. But nearly all has no discipline. They need netflix. They need clubbing. The need vacations. They need broadband. They need the latest iPhone Samsung. Just suffer like a monk for 5 years. Eat like a monk. No sex. No clubbing. Every dollar earned is used to pay down the debt. Dont rent expensive. Rent as cheap as possible. Even if you work in Walmart for 5 years you can pay it off. Most students cant because they prioritize life indulgences over debt. And now we must reward them by paying off their debt because they cant.