SDN Members don't see this ad. (About Ads) I've heard of people living on just student loans with a stay-at-home spouse while in school. Is it really possible to live?? We have one child and I would love for my spouse to stay home with him 3rd and 4th year if possible but that sounds scary. (Maybe even residency too) How much do you think you could live on per year in expenses?? How much debt is too much after school is over?? With my tuition at $33,000/yr that seems like too much!