Garrett Wise graduated from Northern Illinois University just over three years ago. As he strode across the stage and collected his Bachelor's degree in applied physics, he knew that, like most students, he accumulated student loan debt. He just didn't know how bad it was.
Every student who takes out federal student loans must complete so-called "exit counseling" after they graduate and before their first bill comes due. This is where Wise found out how much he'd pay per month and how much money the government expected him to make per year.