No. of Recommendations: 2
After finishing college it was at about 30-40% of her initial annual income. It will be paid off soon. It wasn't trivial, but not outrageous.

My son's student loan total was nearly 60% of his initial salary, which hasn't been a problem--from the first he saved 2-3x his loan payment into an ING account every month. But it's harder nowadays to land a good job right out of school. In retrospect, it was a bit risky. Borrowing one's entire tuition for 4 years could easily be 100-200% or more of one's initial salary. Seems a risk that's likely to pay off only for very conscientious students entering lucrative professions.

Young adults fresh out of school often feel they've earned brand new wheels and may easily have higher car payments than student loan payments.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.