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With a payment like that, I wonder what her total indebtedness is. My daughter has a student loan to pay and her payment is less than $175 a month. Of course, she had academic scholarships and we paid a portion, so she did not have to borrow her entire cost.

I can't imagine getting a degree that costs $25K a year so that I could work for $1400 a month.

Actually the degree costs about $45,000 per year - room and board, books and what passes for a student budget for spending.

Lest anyone think this is outrageous, these are quite normal college costs, and pretty typical of 4 year full time degree granting institutions. Think state universities are a whole lot cheaper. Look at University of California, University of Michigan, University of Virginia, UNC, etc. You might knock $10,000 off that if you are in state.

A 4 year degree costs $120K - $200K these days. The mortgage on that is $1200 per month.

The problem is that the Federal government inflates costs by making the money available to pay for it. The market goes for it, and you have to pay market price or do without, and you are on the horns of dilemma if you are chasing the American dream.