i know a few friends of mine that are still paying off their student loans. and they told me at the rate they are going, they wont be able to fully pay it off (including interest) until they are about 45 years old. and they are all in their early 30s.
if you can, try not to live on campas, live at home, that will save you at least 10 grand a year. living on residence is killer man. thats what kills you.
luckily, i lived close to U of T at the time. so i didnt have that problem. saved myself 10 grand a year.
can you imagine, after you finish school, you have this huge xxx debt. nothing worse than finding your first job and getting paid but you cant keep any of the money. it all goes to your studen loans.
my wife and i got an RESP (a savings plan for our sons education, so when he goes to school, tuition will be paid for). so when he graduates, he will have no student loans. his first paycheque will go directly in his pockets.
i wish my parents thought of that :(