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Reply to "Insane Generation-Z Graduation Debt of $400,000"
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[quote=Anonymous][quote=Anonymous]I thought the millennials had it bad but the college grads today are f*cked. https://www.reddit.com/r/personalfinance/comments/906m2l/fiance_has_390000_in_student_loan_debt_how_on/ In sum, the man has $390,000 in student loans and a starting salary of $47,000. The woman will have $100,000 in student loans and a starting salary of $80,000.[/quote] I am Generation X...right before the millennials. My college debt was $60,000 in 1999 and unheard of. My job paid $22,000. Destroyed my career plans. I was miserable for 13 years working 3 jobs to pay it off. How did this happen? My parents had a decent income and cut me off in college because they decided not to pay for anything. The student still has to pay the family's expected family contribution whether the parents agree to pay or not. I had to take max out federal and take out private loans. Owing $100,000 for a $80,000 salary is really not that bad compared to what I had to deal with.[/quote]
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