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Reply to "Make 350k-400k, feel middle class"
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[quote=Anonymous][quote=Anonymous]What degree gets you $4k/month in student loans? DH has loans from an Ivy league masters degree and that's $300/month - he had a scholarship and worked part time, covering about 1/3 of the total cost, but even if he had had loans for 100% of the costs for both years, we still wouldn't be facing $1k/month in student loan debt. I can't imagine $4k - where is that coming from? You both went to med school fully funded with debt and even lived off debt to pay your rent + undergrad loans?[/quote] Yeah $4K seems high. Two recent law grads with some undergrad debt would get you pretty close to $400K, which, at a blended rate of say 8% is still only $3,087 per month. Alternatively, they might be on a self imposed 10 year repayment plan which would make their payments $4,853 a month.[/quote]
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