Reply #167: I know of more than a few...

[discntnt_irny_srcsm]

...who graduated college to $20/hour opportunities with $50,000 in loans.

Take out 20% for taxes and another $6,000/year for a car and insurance to get to that job. If you're aggressive and use 20% of what's left to pay off the loans, that will take over seven years. That leaves a net of $2200/month.

Will you get a raise every year and have a bit more? Sure, until you get laid-off, down-sized or canned for some other lame excuse. If you're not lucky net income won't be substantially different til the higher side of 30 years old. Oh, then there's the price of housing.

Why is it that over the last 30 years the cost of college has increased 1000%? Where is that money going? When I was in college 30 years ago professors were making $40,000/year. I don't think they're making $400,000/year now. Do you?