Student Debt and Loans for UW

Folsom916
Tue, 24 Mar 2015 17:24:30 +0000

I was recently accepted to the University of Washington (Pre-Business) as an out-of-state student. To attend UW, I am looking at total cost of $49,000 (tuition/fees/books/travel/etc.) per year or roughly $200,000 if I am able to graduate in four years. Unfortunately, I was offered very little financial aid ($3,000/year) due to the upper middle-class financial nature of my family. Fortunately, my family was able to save money and is able to provide $125,000 towards my education. So the bottom line is that I will have to borrow approximately $63,000 in order to attend UW for four years and get my business administration degree. The question, is $63,000 a reasonable amount of money to borrow to obtain an undergraduate degree from UW? I am curious how much other out-of-state students are having to borrow to attend UW? The alternative for me is to attend Gonzaga University where my debt for four years will only be $25,000.