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Actually, does anyone have data on the average student debt of MIT grads. To start a company, Even with a million $ seed, the founders can take home around 80k.
by deepGem 12y ago
Actually, does anyone have data on the average student debt of MIT grads. To start a company, Even with a million $ seed, the founders can take home around 80k. Will that be sufficient to afford the monthly debt payments ? This might be a huge factor for grads while making the choice to startup or join a big company. A large company can at least guarantee a consistent loan repayment schedule. It's immensely difficult to start a company with a large debt hanging above your head.
- davmre 12y agoI don't know the numbers for MIT specifically, but most top-tier (Ivy-equivalent) private colleges have very generous financial aid, and consequentially very low levels of student debt. It's when you go down to the second tier and below that student debt becomes a serious problem, as lots of schools try to match the Ivy experience but without the benefit of a large old-money endowment to subsidize financial aid.
- deleted 12y ago[deleted]