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re: what (in your opinion) is a reasonable amount of SL debt to incur?
Posted on 5/30/16 at 8:22 pm to GreatLakesTiger24
Posted on 5/30/16 at 8:22 pm to GreatLakesTiger24
Less than one years salary for whatever profession the degree is for
4
Posted on 5/30/16 at 8:23 pm to Tigerpaw123
Entry level or mid career?
That's probably a petty good rule.
That's probably a petty good rule.
Posted on 5/30/16 at 8:45 pm to Tigerpaw123
quote:
Less than one years salary for whatever profession the degree is for
this is actually a pretty good rule of thumb...I had roughly that and didn't really have trouble paying it off.
Posted on 5/30/16 at 8:49 pm to Tigerpaw123
quote:
Less than one years salary for whatever profession the degree is for
Never heard that but that seems to be really good rule of thumb. I worked my way through and had to take out a loan my last year, I managed to leave Auburn with an accounting degree and 10k in student loans. There are a lot of people who just refuse to get a job while in school, it is hard to manage it but goes along way.
Posted on 5/31/16 at 7:41 am to Tigerpaw123
quote:
Less than one years salary for whatever profession the degree is for
So hard to determine that. No one knows where they'd be. I'd take out 100k in loans if I knew I would end up where I am now. But I would have never known that as a student. Luckily my parents could pay. I didn't even know what I wanted to do, so how would I know how much loan I should take out? I knew I'd get an ME degree, but had no clue what field I'd work in until senior year after going on interviews. Salary could be from 45k to 100k.
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