Your number is not even close to reality. https://www.forbes.com/advisor/student-loans/average-student-loan-debt-statistics/
And how they are living ? With tuition fees you still cannot rent a flat and many more study related cost, etc. So there are more cost involved. Second, I also mentioned the time spent for useless studies. Better you invest your 5 years for fulltime trading purposes. You return on investment might be much higher.
Most traders wash out and your 100k debt is not reality. With your scenario of 5 years and high rate of failure you are then unemployable for jobs that require a college degree.
Florida is a swamp, every year the hurricane comes in and the insurance goes up. Tampa got flooded last year. Miami few years back, too much housework if live down there.
%% NOT sure student debt is that low/ average student debt term = /20 years Maybe more for those that got snookerd into stop paying loans this year/LOL Citadel, just checked , thier Survey Monkey , what region Us [NY,chicago, FLA[2,3,4] Singapore, Australia,UK 5-7,8] Quant Analyst, Trading, Software engineer. Looks about 111% better than WFC or BAC Best but lower start pay trade + invest with a good business or brief job. Thats the way Ken G did it .
You're making a lot of assumptions on hours, tuition, what this internship entails, what real world trading is, ...
For $235K a year, they better put in the hours. LOL At least they get paid to learn how to trade. We not only got paid nothing to learn how to trade but actually had to pay to learn via our losses. They should consider themselves very lucky.