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Reply to "If you took out six figure student loans for a professional degree, what was your strategy "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I've heard, for a graduate degree, you should never take on more debt than the salary you would earn during the first, full year after obtaining the degree.[/quote] Actually, that's the advice money managers give for bachelor's degrees --- never take out more for college than you expect to make in your first year doing the job you are trying to prepare for. [/quote] For a bachelors that makes total sense. CS majors could take out $80K, don't recommend it as it is not needed, but they could and do ok. History/English/psychology majors probably shouldn't take more than $40K for undergrad. [/quote]
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