How much debt is too much debt for MTs?

MTDad777
Mon, 24 Mar 2008 19:31:04 +0000

ajsurfs - In addition to the scholarship offer you will receive the financial package from the school where they calculate your need based on the FAFSA and there may be some additional assistance added to your scholarship. These are usually grants (you don’t have to pay them back), sometimes some loans and some work study assistance (i.e. they give your kid a job and deduct his wages from the tuition). Read this carefully as the student will have to pay back the loan(s). I recommend you wait for this package before you make a financial decision. One final point and that is I noticed that some schools send out an estimate of everything (Room and board, meal plan, books, fees, insurance etc.) and some leave certain items off. You want to make sure you have all the expenses layed out for each school prior to making a comparison.