Like Suze Orman says

“Mortgage debt and student loan debt are the good kind of debt”

you are investing in your future

go for it!

If the college degree gets you an extra $10,000 annually, you would theoretically have an annual return on investment of $10,000/$45,000 and pay off the loan in 4.5 years. Sine the average person works until they are about 63, that is around a 40 year work life (grad @ age 22 and work until say 62 for 40 years).. Over the remaining 35.5 years (40 years of work less the 4.5 years to pay back), at $10,000 a year difference, that means you would make an extra $350,000 over the course or your work life. This however is an understatement as studies show that a college graduate makes about $1 million more over his/her lifetime than does a high school grad. So, is the expense of say $125,000 for a college education worth it?