Are Student Loans Worth It? Check Out the Numbers on Student Loan Debt vs. Starting Salaries
According to FinAid.org, the average student loan debt among graduating seniors was $23,186 in 2007-2008.
That’s a lot of money, especially since it doesn’t take into account students who attended college but did not graduate. Chances are, many of those students graduated with debt and no degree to show for it.
While I personally believe that you can attend college without incurring debt, a common argument for taking out student loans is that you’ll be able to easily repay them once you graduate and make the big bucks.
But, how accurate are student’s estimates of how much they’ll bring home once they graduate? And how does that compare to their level of debt?
The infographic below tells the story. (Click to enlarge.)