Debt Loan Management Student

Say I get a degree in business, with about $ 45,000 of student loan debt. Is it too much for my major? How is a student over the head with the debt of education?

The Ministry of Education likes to give the following advice:

Never borrow more than the total you expect to win your first year of college in a job entry level in this work with that major.

Example: If you go to school to be a kindergarten teacher ... and your starting area kindergarten teachers a year to 25,000 so you should not exceed more than 25K of student loan debt. Anything more would mean you can not afford the payments comfortably and could have trouble finanicaly or return to the people to pay loan repayments.

Thus, your degree would earn a starting salary that you (on the right of the university) to 45,000 per year. If you do not see these entry level jobs advertised in your area (or if you want to end when you graduate) make as much money then you need to make a point not to borrow that much either ... find a better school.

Remember, employers do not pay you because you have attended an expensive, private school or state. A month after hiring your boss does not even remember where is your degree of, only if you do you do the job.

It is a fairly heavy amount, I admit, but it is not outrageous. I have many friends in the region 60-100K, which is doing well. Between my husband and I have about 45k, and if we only paid our minimum sentences of one month, we would pay about $ 750 per month. Of course, pay the minimum will not get you nowhere fast so we pay more than $ 1,500, as to get rid of him. Your diploma is good in my opinion, on a large number of jobs there, but lets hope the economy is improved when you go hunting for a job. Your one over your head when you can not even make the minimum payment, so it depends on your work and how good you are to keep your finances in check.

I have a rule when it comes to money and how much to spend and if you do not have enough to pay it or you did much work to pay the debt does not do "But as long as you have a specific job at the end of the course, then theres no problem.

depends on his attendance at the school who ur, and how long u take to graduate ... but I think that 45,000 is a large loan to make big business management ..... cause ur not ready to believe more than 20,000 ...