How much in loans?????

Sunny17
Tue, 19 Apr 2011 16:30:25 +0000

My daughter got offered around $21,000 in scholarships and then they offered a Federal PLUS loan for me of $26,000 at 7.9%. Even though its my D first choice I told her that she must really consider another school (that is nationally ranked just not as much name recognition as NYU) that gave her around $41,000 in scholarships. I suggested that if she attends school B and gets good grades and searches for outside scholarships she can then transfer to NYU. I just think its terrible that some students/parents go so much in debt for an undergrad degree. I would recommend that students go to whatever undergrad school they can afford and then go to the best grad school in their field. Seems like a better investment, but its a hard choice for students to make when they have such an emotional attachment to a certain school.