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College and University Discussion
Reply to "Did anyone get more than $30K in merit aid at private college? "
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[quote=Anonymous]I'm an economist. It's certainly logical and financially sound to take out low amounts of loans in general. Your child's future earnings as a result of being a college graduate will double on average, so taking out loans of under 20 k (total) is really a no brainer, and 40 K is probably fine for some majors. Also, it gives your kids some skin in the game. That said, I agree that a theater major will probably not want to go into a lot of debt. Actor's Equity has something like a 90% unemeployment rate. He/she will probably end up being a public school teacher or drama therapist. [/quote]
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