My oldest daughter has been working on her Masters in business administration and I cannot believe the amount of money involved, and believe me, I have read all the student loan information and federal student loan information I can find. By the time she has received her Masters, she will look into the consolidating student loans options available to lower her interest rate and simplify the re-payment of the loans. As of right now, her federal student loan amount is pushing fifty thousand dollars and if she decides to go for another Masters degree, and she is thinking of doing so, the total could reach ninety thousand dollars. A good consolidating student loans plan is going to be an absolute must so she, and I, can handle the payments. For parents who have children reaching college age, take the time to read as much student loan information you can find and also read about the federal student loan options. College is not cheap, especially a top university but the money is well spent and we all want the best for our children.