If she is average her take home income is about 135 thousand dollars. She signed the loan papers, she got her degree. My sympathy factor is zero.
It should be noted the very generous loan programs backed by the government are what drives up the cost of education. As the money keeps flowing in the universities have no motive to cut costs and useless programs and the administrative budget grows and grows and grows.
She needs education in personal finance.
If she’s really making in the neighborhood of 135,000 a year, she should be able to pay these loans plus have money to pay rent, or mortgage, and all the other bills that we all have in our lives.
Personally I think everyone needs personal finance education in order to avoid credit card debt and manage their money.
There’s no question the $3,000 a month is a big chunk of her monthly income , but it still sounds like it’s doable , because she got training in a field which enables her to earn a good living.
“If she is average her take home income is about 135 thousand dollars.”
Pacific heights, SF. Bump it up! For reference, her tuition was $125k per year.