<p>I agree with tega too. And wow you have a lot of posts. The most I have EVER seen.</p>
<p>Something got messed up :)</p>
<p>I would think, I don’t know how someone could have that many.</p>
<p>For any student considering a profession that requires grad school, an expensive undergrad institution can really hinder choices down the road. Save the debt for grad school.</p>
<p>I do agree why should people have all that debt?</p>
<p>College is one of the best places you will spend your money, but it is asinine to say don’t take money into consideration. This is what plunges our country deep into recessions – from taking on debt we can’t repay. Only the top earners in the country can ever hope to comfortably pay off $200,000, and their ranks are very small. Think about it – even for homes that routinely cost more than that, they give you 30 years to pay it off.</p>
<p>UCLAri, it is possible to get an extended repayment plan to 30 years, but it generally is not wise because you end up paying more interest than the principal (a lot more). However, some people who are simply struggling to make ends meet have to do it.</p>
<p>I would agree with tega in saying the most I would’ve been comfortable borrowing in undergrad is $20,000. I only borrowed about $9,000 in undergrad myself. Also, as people are saying, graduate school rarely has the kind of financial assistance that undergrad has - so unless you’re going for a research doctoral degree you will be paying with mostly loans. And it is much more expensive than undergrad, and it’s more important to go to a top school then.</p>
<p>Also, some people do not need a masters degree like a teacher or etc.</p>