How much debt is too much?

paperplane
Mon, 21 Mar 2011 15:14:00 +0000

That sounds like way too much. It would be at least $850/month for 10 years (probably more than that) I know it is late in the game, but I for one would urge you to look elsewhere, or take a ‘gap year’ and reapply next fall to more schools where you might qualify for merit aid and/or which are less expensive.

Good luck, I’m sure this is no fun, but better this than being saddled with that much debt (and assuming, too, that your family is willing/able to co-sign or take out that kind of debt–because no one will loan a student that much money).