am I in a financial position to transfer out of state?

College Life
1

<p>I want to transfer out of state to a community college that offers a medical program I am interested in. Unfortunately this program cannot be accessed in state. Traditionally the answer here is self-evident: follow your dreams. But alas, I am no spring chicken. I am 24. I already have 43000 dollars in students, half of which are private, with only a plethora of random credits to show(no degree). The financial aid award at the out of state college is pretty rough. I would have to take out 10-15K more in private loans just for the first year. It’s a two year program with the second year being in state, but the thought of being 65-70K in the hole with an associates degree scares me.</p>

<p>What should I do? The starting salary for grads in this program is roughly 35-40K, but basically every certified grad gets a job. Is this a financially irresponsible pursuit at this point in my life? Frankly, beyond this program I have no idea what else I could do and enjoy.</p>

<p>Thank you so much for your time here.</p>

2

<p>No. Don’t do it. You’re already carrying a crippling amount of debt.</p>

<p>Your college probably offers a career or counseling center that will provide you a free or low cost assessment to help you discover what careers would be good matches. Use that service. More than likely, there are many careers for which you’d be a good fit and for which you wouldn’t have to move out of state and take high loans to attain.</p>

3

<p>I agree with NSM. That is a huge amount of debt to take on for a relatively low salary. You will have an extremely difficult time trying to pay off that amount of debt and leading any kind of a life. Take time to figure out what your monthly payments will be on $65K in loans and then add on rent, a car loan, and food. Then compare that to the amount you would be taking home from that job (about $2,500). I think that when you do the numbers you will see the problem with your plan.</p>