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College and University Discussion
Reply to "How large are the loans you've taken out to finance your kids college education?"
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[quote=Anonymous]The financial advice I've read says a student should not have loans greater than the income they could make in their first year out of school based on the degree they are getting. So, if you are an engineering major and the average first year salary is $75k, then you shouldn't take out more than $75k to get your education. If you are an elementary ed major and the first year is $45k, then that's the max of the loans. [/quote]
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