A 24-year old young man called me who has $50K of student loan debt and a $750 monthly payment that he can't afford. Although I am not a debt counselor, only pro actively help families and students navigate through and understand the financial aid process, I helped him to understand the potential ramifications if he chose to default on his loans. I've attached a link below that shows a student how much they have to earn in order to pay back a designated amount of a student loan. It also outlines if you specify what you earn how much student loan debt you can support. It's an excellent tool that I feel every family should review prior to deciding how much debt their child or their family should take on. http://mappingyourfuture.org/paying/debtwizard/#debtWizard If you have any questions about the college admissions process or the above information please do not hesitate to contact me at email@example.com or by phone, 845.551.6946.