22-year-old twins Mike and Caitlin are one year out of college. Both studied at a four-year University, received bachelor’s degrees in engineering and are 12 months into entry-level jobs. Both siblings carry $20,000 in student loan debt, just about the national average.
All things being equal, Caitlin and Mike are on even (if unfortunate) footing for recent grads—making those first arduous steps up the career ladder, living on entry-level salaries and chipping away at hefty student loans. All things being equal.
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