Doyle states in his article, “As of this writing, the total amount of student loan debt owed has been estimated at $960 billion (Kantrowitz , 2011)." There are only 7.4 billion people on earth right now, but not all of them are in debt. So, the huge debt with people not close enough to cover the debt of the entire planet has put this problem into perspective. Many people talk about applying for scholarships, but scholarships can only cover part of the price, and even then, scholarships are not guaranteed. Now, how about repaying the loans? How will it happen? “First, incomes vary enormously across different choices of specializations and professions. Second, the incomes of individuals entering the labor market vary depending on the state of the labor market at that time." There are many different factors that go into this process. As mentioned in the previous paragraph, those who do both work and school are more likely to pay off their debt at a faster rate. But how much they earn and how often they pay is another contributing factor. If the average college student is making minimum wage (part-time) and is about to enter