This month has seen lots of graduating university seniors collecting their college degrees at schools across America. Soon, others will be collecting something from them — payments on their student loans. Almost all of these new graduates took on some level of student debt during the process of pursuing their undergraduate degree. I’ve read that the average student loan debt load upon graduation is close to $30,000. This is an average and that, of course, means that some incurred less student debt while some took on substantially more.