Archive for January 22nd, 2010
Student Debt?
YadaYadaYeah asked:
What is a ridiculous amount of student debt? I’m looking at Notre Dame, University of Michigan (out of state) and Northwestern, so probably 40-50k a year. I am unlikely to get any aid because of my dad’s income (except maybe some merit-based from Michigan?) and I know he’ll give me trouble about paying the full 40-50k, so if I took out 10k a year in loans to “contribute” and did a (most likely) 5 year program, would 50k student debt be absolutely unmanageable?
I wanted to say in my original post that I plan on pursuing a degree that leads to a reasonably high income. Something in architecture or real estate, engineering, maybe finance (my dad’s an investment banker at a pretty prestigious firm so I would have a foot in the door…) but I thought that that would be sort of silly sounding–of course I “plan” on making money. But anyway, I realize things might be rough initially getting out of school, but I still think it will be worth it.
Student Loan Debt Consolidation
What is a ridiculous amount of student debt? I’m looking at Notre Dame, University of Michigan (out of state) and Northwestern, so probably 40-50k a year. I am unlikely to get any aid because of my dad’s income (except maybe some merit-based from Michigan?) and I know he’ll give me trouble about paying the full 40-50k, so if I took out 10k a year in loans to “contribute” and did a (most likely) 5 year program, would 50k student debt be absolutely unmanageable?
I wanted to say in my original post that I plan on pursuing a degree that leads to a reasonably high income. Something in architecture or real estate, engineering, maybe finance (my dad’s an investment banker at a pretty prestigious firm so I would have a foot in the door…) but I thought that that would be sort of silly sounding–of course I “plan” on making money. But anyway, I realize things might be rough initially getting out of school, but I still think it will be worth it.
Student Loan Debt Consolidation

