THE BIG FAT LOAN

michaelite
Sun, 11 Jan 2015 14:08:24 +0000

@abcpqrxyz‌ Man if you are confident that you can pay it back, I mean if you do really well in Purdue and become on of the best students, then yes go for the loan. But, if you cannot do that, or are not sure about it, then I would say its a bad idea. Purdue, in Indian money would cost you about 1.1 crore in todays terms. Assuming your parents put up 10 lakhs per year, you would have to pay about 70 lakhs yourself. That my friend is a huge amount. So, if you are sure of doing well and getting a $100k job ( which very few people can be) , then go for it, otherwise I would advise you not to. Though I don’t know your circumstances completely, so you would know better.