posted this over in the PT thread but thought I'd look for feedback here -
My child applied this cycle - waiting to hear decisions (has one acceptance already). However, I'm having panic attacks about the amount of loans she'll have afterwards. Everyone says go to cheapest state school but here in Michigan that still means about $75,000 - 80,000 for tuition only (plus she'll need additional loan $ to live on for the 3 years of the program). As her parent I want to say don't do it, that $100,000 or over in loans at the age of 25 is going to ruin your life. Looking for some feedback from others on how are you doing paying that much debt back and how are your doing it and making ends meet?
My child applied this cycle - waiting to hear decisions (has one acceptance already). However, I'm having panic attacks about the amount of loans she'll have afterwards. Everyone says go to cheapest state school but here in Michigan that still means about $75,000 - 80,000 for tuition only (plus she'll need additional loan $ to live on for the 3 years of the program). As her parent I want to say don't do it, that $100,000 or over in loans at the age of 25 is going to ruin your life. Looking for some feedback from others on how are you doing paying that much debt back and how are your doing it and making ends meet?