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College and University Discussion
Reply to "Grad school debt"
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[quote=Anonymous][quote=Anonymous]I have heard that a good rule is to not take out more than you can reasonably expect to make your first year out.[/quote] Very interesting. I was able to do a one-year master's over 20 years ago on one 20K loan. My parents, who were retired and blue collar, lent me 10K to cover expenses. I had 3 room mates to keep housing under $500/month. I never asked, but it was an Ivy and they were over the moon. I paid them back with more than interest. That said, this year's tuition is more than twice what I paid yet the salary I earned upon graduation has not doubled for comparable positions today. [/quote]
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