<p>Nikkil, Thanks for the great info. I am seeing this too, and it is a problem. Those who are taking out large loans as an undergraduate really need to look at this picture carefully as Weenie's analysis is about what it entails if you do not go on to professional or grad school. You are caught in a pretty tight financial web. My son who has NO loans is barely making it at his job right out of college and he is living with us, something that makes him rankle, but even without his car expenses, it would be tough for him to squeeze out rent in this area at his pay, and his pay is a bit more than many get. An undergraduate loan would have been a disaster.</p>