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Student Loans Are for Suckers Interesting article via Kuro5hin...I was in debt $30,000 from graduate school, which I finished in 1994. I think I'll have it all paid off sometime in 2004. Luckily I got a job right out of school and starting paying off my loans immediately. My payments range from $250-$320 a month. That's a huge chunk of change. Especially when I think of the impending school district furlough and not receiving a paycheck for the entire month of June. I will feel a grand sense of accomplishment when this repayment is over.