Student Loan Debt...

[treestar]

57. I had 20K of debt

including law school. I paid it off over the next 15 years. The interest rates had been very low at the time. The payment was a major budget thing, almost as much as a car payment on a simple car. It was great to get it paid off. At the time, the loans paid for a lot, the rest my summer job income and parent's doing.

Taking out the loan was also my parents' doing, as I was way too naive, immature and lacking in basic knowledge to even know I could apply. My parents basically took charge of it all and the loans were part of their plan. Don't know if they would have paid it off if they'd had to.

To me, that underlines the whole personal responsibility meme as being a little unfair here, and the people involved are usually very young, even though adults. You don't suddenly gain wisdom because you turned 18.