If you want to raise a family and work for the state, don't take on the debt, your life will be easier.
If you have Federal Loans and hold a public service job for ten years (and make your payments of I believe 10% of your gross income), your remaining debt is forgiven. The same is true after 25 years if you aren't in public service I believe and I think Obama just railroaded a change to make that 15 years using Executive Order. This is the reason why if you are struggling with Federal Loans DO NOT consolidate them through a private lender. Their terms will suck for you if you think you will struggle to pay them off.
Wow, I wasn't aware of this at all. Luckily I don't happen to have any student loans, as I was lucky to have parents who could afford my tuition and did some part time work. Of course, I went to a state school and my maximum tuition cost for a semester was I think $1800 at the time.
If you have Federal Loans and hold a public service job for ten years (and make your payments of I believe 10% of your gross income), your remaining debt is forgiven. The same is true after 25 years if you aren't in public service I believe and I think Obama just railroaded a change to make that 15 years using Executive Order. This is the reason why if you are struggling with Federal Loans DO NOT consolidate them through a private lender. Their terms will suck for you if you think you will struggle to pay them off.