How much debt is worth it?

cougar23
Thu, 19 Apr 2012 16:16:00 +0000

I have my heart set on going to Brown after ADOCH, and I can’t see myself anywhere else. I plan to major in Economics or BEO (formerly Commerce, Organizations, and Entrepreneurship).

I was also accepted at the University of Michigan and would only have to pay in-state tuition (which my parents would cover.)

Brown will be affordable for me freshman year, because my family has two students in college.

Next year, however, the Brown FinAid department said my EFC could double. That would mean I would take on a substantial amount of debt to get my Brown degree.

My question is - How much debt would you take on for the Brown education? It is the perfect fit for me, and I dread the thought of going to Michigan for a variety of reasons.

Let me know what you think. Thanks!