Is a loan a wise choice?

Paying for College
1

<p>Say I get accepted to HYPMS, would getting a loan be a wise choice?</p>

2

<p>In your opinion, would choosing not to go to a top school be worth not taking a loan?</p>

3

<p>Depends entirely on how big of a loan. If your parents are able and willing to pay a large %, or you receive need based aid sufficient to pay a large %, then reasonable amount of loan is OK. If you are talking large amounts of loans then not a wise choice.</p>

<p>Have a look at the loan calculator at [FinAid</a> | Calculators | Loan Calculator](<a href=“http://www.finaid.org/calculators/loanpayments.phtml]FinAid”>http://www.finaid.org/calculators/loanpayments.phtml)
You can enter loan amounts and interest rates and see what your monthly repayments would be.</p>