I hate that I have to pay $2000 for a meal plan

Vanagandr
Mon, 30 Aug 2010 20:07:21 +0000

On a marginal basis, any additional dollars spent will likely be borrowed, and after subsidised loans are maxed out, then comes the unsubsidised which I will not touch. One may argue ‘it’s about the experience’ and some other marketing crap, but I note: if this money is borrowed at 6.5%, then after four years, one will have to pay back the same amount plus about 30%, and that assumes that it is paid back all at once upon graduation.

Not everyone is lucky enough to self-finance most things. I have done well because I whip the gold market like a rented muel, but others will graduate with millstones around their neck from these absurd costs.