I made this thread as I see many kids asking about taking huge sores of loan. I have two wonderful daughter who work in finance field, What they have taught me about finance, and what I understand that parents/kids please please do not take huge loan that are unmanageable and may make you a debt slave.
Prestige is good but not that good with huge amount of debts. If one wants to take risk and want to pursue what they would love to do after graduation, debt can make those plan in jeopardy. Debt may forbid you doing something that you love, take ample risks but no too much loan. Borrowed money that one can not pay is very dangerous. Do not rely on future income as you do not know what life brings, interest may change. Therefore do not take a huge loan there are some exception like a Doctor where one can pay money easily . And if you still do, please think long and hard. good luck in your college acceptances.
Disclaimer: Sorry for my unwanted advice, do not want to offend any one.