I found a surprisingly interesting fact from my school; the University of Iowa. It said that %44 of students that graduate were debt-free! I was very surprised, they also said that of those %56 that had loans the average amount at graduation was only $12,000. I think that is pretty good considering the schools tuition/Room and Board/Living Expenses are in excess of $17,000 a year. As for myself, my parents are pretty well off but are not paying a dime for my schooling so I am taking out loans for about $6,000 my freshman year and the rest is paid for by grants/scholarships. Just remind your parents that you will be sure to get a career that has a high salary right out of college so you can quickly pay off the debt. I am going to be an accountant like my father so average salary for first year out fo school accountants is over $55,000,, so I am not worried and neither should you or your parents as long as you will be a good student.

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