How much student loan debt is too much?
on the double whammy many recent college graduates are facing: Difficulty in finding a job and tens of thousands of dollars in student loan obligations just waiting -- or demanding -- to be paid back. Here's a quick clip from it:
Mark Kantrowitz, publisher of FastWeb.com and FinAid.org, recommends that students follow a simple rule of thumb. "Do not borrow more than your expected starting salary for your entire undergraduate education," he said. "If your starting salary is going to be $40,000, then you should borrow no more than $10,000 a year for a four-year degree."
What exactly is the significance of that 1:1 ratio?