| But the interest is still accruing during the 4 years you are a school right? That means at the end of 4 years you will have a debt of @ $190,000 (or more depending on the interest rate). Do you seriously and realistically think that you will be able to afford $1500 to $2200 a month in loan payments 6 months after graduating? And for 10-20 years?
Even if you were studying a field that would lead to a steadier income I would strongly discourage you from taking on such a horrendous debt. If musical theater is what you want to spend your life doing then you are probably destroying your own dreams if you take on such debt. Even if you come out of school and land a role on day 1 (which I am sure you know is unlikely however talented you are) you will be unlikely to make enough to pay the loan and eat and have somewhere to sleep.
I really hope you rethink this - tough though that may be. Instead of looking at the short term picture (4 years of school) look at the long term picture and how you see the 10-20 years after graduating. Your life will be ruled by the debt rather than following your dreams. |