This post might make you throw up or die.
The Yale "entrance interview" (an online tutorial all schools have, in some form, that you have to complete in order to receive your loans) has the following loan calculator. I figured I'd have about $135,000 in debt when I graduate and here's what the calculator gave me (note that I'll probably pay it over a lot longer than 10 years and SOME of it has a lower interest rate, although some also has a higher interest rate!):
| Debt Wizard | |||
|---|---|---|---|
 | |||
| Question: How much salary do I need to support my student loan debt? | |||
| |||
| Answer: Based on student loan debt of $135,000.00 to be repaid over 10 years at 6.8 percent interest, my estimated monthly payment is $1,553.58. To support repayment of the debt, I should earn at least: | |||
Yeah. Right.
VC