Twenty five grand, sure, but a lot are graduating with much more debt - in the $100+ range. I’d like to see figures on just how much debt is being incurred. Many probably never really thought about how the debt would be repaid, just like the housing crisis, only there I strongly suspect a lot of the “under qualified” never had any intention of paying.
By knocking off the top 25 grand saves you about 100 to 125 grand in interest over the next thirty years. You’ll probably knock a couple hundred dollars off you’re monthly payments.
That’s only in two years and working one job. If you bear down and work as much as possible and do it for the next 5 years, you’ll probably knock the whole thing off, no matter the amount.
I suspect a lot of the students who have a lot of debt weren’t serious students. They didn’t study as hard and took longer on their course of studies than most.
Im taking on $50,000 in debt. But plan on repaying it..