17th December 2010, 02:23 PM
madweasels, I hope your daughter doesn;t let it put her off doing medicine, or one of the 'professions allied to medicine' degrees. From what I understand, you can go straight into work, it's well paid, and you can pay off the loan. A 50K debt is managable as long as you have a job with a high enough salary to pay it off. a 15K loan for me has just grown and grown over the last eight years. Doctors in the USA expect to still be paying back their loans when they are 50.
50K of debt for an archaeology degree would be acceptable as long as the terms and conditions are as they are now. It will just get written off after 30 years. But if 75% of graduates are expected to default on their loan, clearly they are going to have to change the conditions.
50K of debt for an archaeology degree would be acceptable as long as the terms and conditions are as they are now. It will just get written off after 30 years. But if 75% of graduates are expected to default on their loan, clearly they are going to have to change the conditions.