Is 30000 normal for college debt??

Question

I will be graduating next year and will have a total debt of 30,000 and I'm wondering if that is somewhat normal. I'm graduating from a private institution that is more selective. Any input helps.I just want to make sure that I'm not in over my head. thanks!

Answer 1

30K is normal. Think about it this way, many people spend more on a new car!!! You now have a lifetime of opportunities!

Answer 2

If all you owe is 30,000...you're WAYYYYYYYY better off than a lot of my colleagues that I know who are over 50,000$ in debt.  You can relax.  Now you know there are people worst of than you. LOL

*smile*

Answer 3

It's fairly common for students nowdays - especially those that go to private schools.  I graduated from a private college in May 2007 and have a bit more than you in student loans and I am paying them off just fine.

Answer 4

It's fairly normal these days.  Especially since it's a private institution.  Actually, $30,000 is about the cost of one student's tuition, room and board, and fees for a year at UC Berkeley.  Ridiculously expensive for UC, but not for exit debt from a private IHE.

May the Lord Jesus Christ bless you.