<p>Agree with what clay wrote. </p>
<p>Are you taking on large debt yourself or are your parents paying all or some of that debt? That would change my answer. Make sure the debt is a reasonable amount YOU can pay back if it is YOU taking out the loans. </p>
<p>For us, as parents, we are taking out the loans. It is a hardship but we feel it is worth every penny. Tisch was also my D’s dream since age 12 and it lived up to that dream (has since graduated Tisch). But that is not the same as a student paying off large debt. </p>
<p>My D has been out of Tisch less than a year and I am happy to say she is working in the industry and earning her living. But she would not be able to also handle college loans on top of that at this juncture.</p>
<p>But there will be kids at Tisch who are very wealthy who have unlimited spending accounts. There will be kids who live there on a budget. And there will be kids who have to work while in college and have little extra money and will have to pay some of the loans back themselves after graduating. There are a range of kids in various financial situations at Tisch.</p>