<p>For a "typical" college graduate, how long does it take to pay off?</p>
<p>How much pain and suffering is involved?</p>
<p>For those of you who have graduated with that kind of debt, would you do it again? Or is the laong-term cost more than you anticipated?</p>
<p>I was checking out the average debt load of graduating seniors from various colleges, and I had NO idea that the average debt load was so high!</p>
<p>thats about what i am planning for my son to go to Vtech..35K in debt at graduation..instead of a free ride at UCF</p>
<p>I'm pretty sure I'm going to have some debts when I graduate, but I plan on joining a military branch that will pay off my loans. You can do lots of other things like join the Peace Corps or something because they have a loan forgiveness thing they do that will pay at least 12,000 for your debts or more.</p>
<p>35K "looks like" payments of $400 a month for 10 years. "Looks like" the down payment for a decent house in most parts of the country. "Looks like" twice the lease or loan payment for a nice new car. </p>
<p>Avg starting salary for a liberal arts major is $33,000. Avg starting salary for an engineer is $55,000. $400 a month "looks like" a major chunk out of that.</p>