How much debt is worth it?

fireandrain
Mon, 30 Apr 2012 20:54:20 +0000

I personally would owe Brown $55,000-60,000. If I were to go into IB, would this be reasonable?



Did you do the exercise I suggested in post #11? If not, you are going into debt with your eyes shut – which is incredibly stupid and foolish. Anyone who can get into Brown should be able to do the research to figure this out.

What if you hate economics/IB banking? What if you fall in love with art history (trust me, this happens). What if you don’t get that IB job (and yes, this happens too).

And YOU can’t take out $60,000 in loans. You can take out the federal maximum, which is around $25,000. Your parents have to cosign for the rest. They are ultimately responsible if you can’t pay.

ETA: I usually agree with BrownAlumParent, but on this issue I don’t. I think $60,000+ is too much debt for a 22-year-old to shoulder. Do a google search and read up on all the stories of college graduates drowning in debt and how it’s ruined their lives.