<p>So, 33k (over four years, including tuition increase) at 8.5% (more realistic) plus 2% origination fee works out to $418/month for 10 years. Income needed is $50,100/year - doable (but only if not in a high-rent city). However, interest will start to accrue and need to be paid as soon as the loan starts, and there will be no delay for repayment if the student decides to go to graduate school (basically ruling graduate school out).</p>