Question for Americans

I’m watching tv and there’s a woman who has $100,000 student debt.

I have heard that size student debt is fairly common in USA. How do people manage that and also what if the had to pay medical debt too? How do they manage?

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Ontheroad · M

That's high... probably for an elite college and/or a master's. The average debt for a 4-year degree is something in the neighborhood of $40k or less.

Still, even at $40k it's a burden, and the student ends up slowly paying it off over many, many years.

sarabee1995 · 26-30, F

@Ontheroad Exactly! I said the same thing and two people are jumping all over me for it.

Ontheroad · M

@sarabee1995 People are kind of peopley at best... and often not real bright. It is expensive to get an education, ridiculously expensive, but if, as you suggested, people use their smarts, you can get an education at, in the end, little or no cost to you.

It does require some sacrifices, like how you got yours paid for (I did the same), but it can be done.