Quote:
Originally Posted by Kevin
The question you should be asking yourself is how you plan to pay back the loans. A few weeks ago, I read about a girl who graduated from a prestigious program offering some sort of graduate degree in photography.
She had over $240,000 in student loans.
Student loans are great (God knows I'm up to my eyeballs in them). I'll be doing a job where I'm sure I'll be able to make my student loan payments (and have plenty to spare). If you look at the sort of job you'll have upon graduation and you know ou'll be able to find a salary which is enough, then great. If not, you'll need to find some source of cash besides student loans.
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This is absolutely true. $240K to do photography?! Some DOCTORS I know don't even have that much, and they make more than enough to pay it back easily. Sometimes I think schools make it way too easy to take out loans. Ewww!
I was a graduate assistant in Residential Affairs in Graduate School. I had to live in a dorm, but it was an apartment within a dorm. It paid for my housing, which was great because I lived in NYC, and most of my dining expenses. I had a TA-ship that paid for half the tuition for that semester, and a scholarship that was half-tuition for the full year. A lot of my grad school classmates laughed at me because theye totaally thought I was an RA, but I got the last laugh since my student loans were oh, less than half of theirs. They send each other Facebook posts about how they can reduce their loan payments. Idiots.