<p>My oldest d came out with $17K in loans when she graduated from W & M in 2005. The monthly payment is just under $200. I think this is a manageable amount for a new grad. More than twice that much is sobering. </p>
<p>I love W & M unstintingly, but I’d hesitate to take on $40K in student debt for it if I had a good alternative instead, which your d does. Especially if grad school is in the picture. Is she planning a career that will pay well? Will you be able to help her repay the loans, if she should need it when she’s starting out?</p>