I have seen statistics that quote the average student loan debt at the time of graduation to be $25,000. I have also seen it listed as $27,000.  Either number is a lot of money, in fact both are more than my parents paid for a nice 4 bedroom house in southern California back in 1963. Might have been 1964.  Regardless, the payments are going to be difficult  for someone in an entry level job, and the loan balance will keep some graduates from being able to purchase a car on qualify for a mortgage.  Now think about how $68,000 will affect a person. I calculated a payment of $688 on a 10 year note at 4%.  Ouch, payments like that are going to be painful.   No wonder some students choose to defer those loan payments and  stay in school pursuing more and more education until they cant go anymore !  A Doctorate is grand, but it means you have to look that student loan square in the eye and start making payments.  And guess what….. graduates with that level of education usually  have a student loan balance closer to $100.000.  Donors, please register on the studentloanlist and help our students. Pursuing higher education is a great thing, and  its just a shame that tution and fees have gone up so much that it makes paying cash for schooling nearly impossible.

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