Many people save right from the first day of marriage for the college education of their kids. Some have compelling college applications or are so lucky that they are awarded full scholarships. Others have to borrow money to fund their college education. Such loans usually have low interest rate and are deferred until the student graduates. In 2012 the federal reserve bank of New York reported that the average outstanding student loan balance was $24,301, with 10% of borrowers owing more than $58,000. Finding money for graduate schools awarding MBA, Juris Doctor and Medical Doctor degrees can be difficult. A typical good MBA program ranges from $96,000 to $150,000.
How did you payoff you student loans??