An important concept I need to understand

tigerton
Sat, 21 Aug 2010 16:59:46 +0000

Well, I would like to apply to Dartmouth. As well as some other colleges. My family is in the upper bracket, so the EFC would probably be around 20-25k a year. So, at an university like this, the debt could be 100k by the time I graduate. I looked on some finaid websites and they that the average debt of graduates is about 20k. How is this possible? Do most people that go get a lot of finaid? Or are there a lot of upper-middle class families that have to pay a lot?

I haven’t figured out how all of it works? Do you get to work at the university to help pay it off? Is there some special thing? Because I know how loans and stuff work, and it’s not looking good if I were to go to an Ivy or tier 1. People seem to be happy enough and don’t have too much debt, but there must others in a situation similar to this. So, do people who have to pay 25k a year end up alright by the end?

I’m just looking for any info that would be good to hear.

Thanks.