News for hackers. Stuff that matters.

A comment on MBA Repays $100,000 Harvard Student Loan in 7 Months. Parent comment

Re:MBA Repays $100,000 Harvard Student Loan in 7 Months by debacle on Friday September 14, 2012 @12:08PM (#4522356)
If you have 1300 in disposable income each month and a salary of 100k+, you should have no trouble with your student loans.

But that's not the situation for most new college graduates, who are making, on average, about 50k (the median is probably lower). That's the core problem with the tuition bubble, and the student loan time bomb. The undergraduate ecosystem of the last 20 years is going to stifle the economy for the next 20-30 years.

[ Parent | on HN ]
Re:MBA Repays $100,000 Harvard Student Loan in 7 Months by tzs on Friday September 14, 2012 @01:44PM (#4522946)
Note that this guy was an MBA graduate. I believe that there is much less non-loan based financial aid available for MBA students than for undergraduates and so they tend to have much higher debt than undergraduates. (It's similar for law students, too).

So yes, a new graduate with a bachelor's degree on average will be making much less than this guy--but also should have a lot less debt, even if they went to Harvard.

[ Parent | on HN ]