THAT Amount Isn’t Reasonable

You won't believe how much student loan debt Hannah asks is "reasonable" when going to college.

QUESTION: Hannah is a high school senior who is trying to figure out how to pay for college. Based on the best financial packages she got, she’s pay $60,000 to $70,000 in student loans by the time she graduated. Is that reasonable, or should she go to community college?

ANSWER: I like plan B. I talk to many 30-year-old people who want to do something different with their lives but can’t because of big student loan debt. Education is important, but where you got to college doesn’t mean much. As an employer, if you tell me you went to a certain college, I’ll just look at you as a college graduate. All the degree means to me, a potential employer, is that you can complete a task. What I want to know is if you can kill something and drag it home. If you have a beer budget, don’t go to a champagne school.