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Reply to "Does anyone else owe a TON in student loans?"
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[quote=Anonymous]I currently have $29k federal loans, from law school (2007 grad), so I know it could be a lot worse. But I certainly don't like having it hanging over my head.. even though the minimum payment is not too scary. What really scares me is how awful it is for the economy, so many young people starting out with such huge loans. It is kind of irrelevant what you think about the OP's $400k situation, if you think she made a bad choice or something --- that doesn't change the fact that the EXPLOSION of student loan debt is having a terrible effect on the US. People are delaying having children, or having less children (just one for us), due to the expense. People are buying less house, or no house at all. And yet, our generation (and our few children) are expected to bear ALL of the costs of supporting the elderly, and all of the aging boomers' entitlements, guaranteed pensions, etc. There is just no way it can work.[/quote]
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