<p>Wait, can you even take out $80k in loans? Are you a dependent or independent student? If you are dependent, there are limits to how much you can personally take out in loans. Will your parents take out parent plus loans for you? </p>
<p>Before you decide, I highly suggest that you read:</p>
<ol>
<li>The financial aid forum posts on College Confidential.</li>
<li>The student aid pages here: [Student</a> Aid on the Web](<a href=“http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp]Student”>http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp)</li>
<li>About federal direct loans: [Direct</a> Loan Page for Students](<a href=“http://www.direct.ed.gov/student.html]Direct”>http://www.direct.ed.gov/student.html)</li>
<li>The financial aid page at Cal.</li>
</ol>