How much debt is Michigan worth?

Greymeer
Sun, 11 Mar 2018 19:29:46 +0000

When you go OOS and plan to incur debt you should do so only if the salary that degree provides is worth it. You should also push to graduate in 3yrs.

After graduating, ideally you can pay back your debt in large chunks over a short period of time. If you get a degree in the sciences/engineering, you are young and should be able to save a ~25k a year and pay back a 100k in 4 years. I think that is reasonable amount of debt for an engineering degree.

Marketing, sales, business 75k in debt.

If you are looking at a liberal arts degree, plan to be a teacher then 50k in debt.

If you plan on going to med/grad/law school then opt for the instate solution at the best school.

So as a rule of thumb, the debt you incur should be only a little more than your starting salary.