prestige vs price?

UCLAri
Fri, 23 Nov 2007 16:44:09 +0000

ChicagoScholar,



I can attest that I learned more in my first year there than I learned in the rest of my academic career. Do you think that happens at just any college?



Yes.

And seriously, you’re not being realistic here. Where are you going to get the $1600 or so a month you need to pay back that $160K loan? That would mean that you’re spending over 50% of your starting income (assuming you start around $45K) on loans.

Where do rent, food, and all the other necessities come from?

Assuming you want to spend no more than 10% of your annual income on your loans, you would need an income of around $200K a year. Assuming you are willing to spend 15% of your income a year, you need to earn $132K a year.

ChicagoScholar, I don’t want to be harsh here, but you’re not thinking realistically at all.