<p>You say you want to be a math major–please DO THE MATH! Figure out how much you would have to repay/month to pay off a $80K loan (which could easily be higher because you may take longer than you expect to graduate if you can’t get your courses because of cuts in the CA budget). Check to see what math majors are making & what % of them are actually HIRED right out of the university vs. what % are NOT hired or working minimum wage jobs. IF you get a minimum wage job upon graduation, what % of your pay will go toward paying off your $80K loan (IF you can even get it)?</p>
<p>We would NOT allow our kids to take on that type of debt, ESPECIALLY for their undergrad educations–it’s WAY too high, especially in this uncertain economy. This type of crushing debt seriously limits your options when you graduate and may well make grad school unaffordable.</p>