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College and University Discussion
Reply to "Question about financial aid at Ivies"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Big difference between private HS (35k on the high end for the DMV area) & Ivy (60k a year).[/quote] Well yeah, but you would imagine that there would be at least some savings to tap into. And is [i]some[/i] student loan debt the end of the world? I understand that going 200K into debt is really horrible for a young person to be saddled with, but I'm not sure that ~20K or less at a low interest rate is so untenable for a young person (obviously 25K x 4 is 100K, but presuming there might be savings in the picture).[/quote] Plus, if you've been paying $35k a year for 12 years what is it about year 13 that suddenly makes it unaffordable? [/quote] Just guessing here, but maybe that additional $25k? :roll: [/quote] Sorry, let me rephrase that. If you've been paying $35k for 16 years, what is it about year 17 that makes it about unaffordable? An 80k loan could be paid off fairly quickly. Chances are this is all hypothetical anyway.[/quote]
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