Money for College

cadbury
Thu, 07 Aug 2008 17:13:07 +0000

Your conclusion is right on target, Ptbcath. But then prospective students need to be prepared to take a cold, hard, realistic look at the outcome of their application process. If it comes down to going into serious debt to attend the “dream school”, versus going to another school and graduating debt free or almost debt-free, you should go with the latter. I have seen some of my students graduate with $30K, $50K or more in debt. Honestly, that is absurd! Unless you are guaranteed a substantial income in your chosen career (virtually nothing in the current economic environment), no young person should do this to themselves.