College is usually the best years of a person’s life. However, after they graduate and are thrown into the real world, they’ll have to pay back whatever loans they took out to get an education. For students in the US, this means giving up a sizable chunk of your paycheck to lenders.
We’re sure that everybody would love to pay back their student loans on time, but if they’re hardly scraping by, this is just a fantasy. A $27,100 annual salary for a full-time job might not seem so bad, until you realize that the national average for any entry-level job is $40,000. If you’re only making slightly more than half of that, you’ll never make your way out of debt.