<p>* I know of kids with 50-70K loans, their parents are helping to pay back, they have good jobs and they are able to help pay back very quickly*</p>
<p>that’s a different situation since the parents are helping the students pay back the loans. The OP mentioned that these kids are paying for their educations without parent help and wonders how they’re doing it. </p>
<p>Frankly, these stories of kids with big loans often involve rather modest or low income parents and students pursuing majors/careers that won’t likely earn enough to pay the loans back. </p>
<p>If it’s parents co-signing so that Junior can attend Columbia or similar and become some amazing Wall Street genius, then that’s another story, too.</p>