Is Chicago actually affordable?

insomniac159
Sat, 10 Apr 2010 01:02:24 +0000

Well, we have already been approved for the loan. My parents have excellent credit, and they are co-signing on my student loans (they have many loans of their own, though, hence the reason they can’t afford my student loans). They are just worried that I won’t be able to pay off the loans, and it’ll tank both of our credits, etc. I also plan on going into medical school, which I am aware is even more expensive. However, I plan to work for the National Health Service Corps so as to eliminate a lot of my medical school debt. If I recall, they even have a loan repayment program for undergraduate debt, but I’m not positive, so I’ll ignore that for now. But anyways, I plan to have a fairly high-paying career (after residency and fellowship, of course), so perhaps these loans could be affordable? I don’t have much else that I want to invest my money in, and perhaps that will change in the future, but right now I feel that the education is worth the debt. But I’m still a little bit afraid of all of that debt… It’s so intimidating.

And to answer your question, I was accepted at UChicago, Berkeley, and NYU. And my safety school is CU - Boulder, which would cost me $25,000/year. Yes, it is much cheaper, but I have so many reasons that I don’t want to go there. And NYU is comparable to Chicago as far as prices go, and it’s more expesnive than Berkeley. So I just eliminated it because I like Chicago more.