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College and University Discussion
Reply to "Sad that I can’t afford a top school for DD. "
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[quote=Anonymous][quote=Anonymous]I was a kid whose only involved parent couldn't afford anything at all and whose other parent was alive and wealthy but unwilling to spend a dime, hence no financial aid. I was admitted to a top school, borrowed everything through a combination of government and private loans and some local scholarships and competitions. I paid it all back with minimum difficulty after med school. Debt was gone by age 36.[/quote] But you could have attended a school for in state costs or less, and had much less debt. Right now it's hard to take out $400K+ in loans for undergrad (that is what top schools costs without FA/merit) and add in $400K for med school. No way you are paying that all off from age 26/27 until 36. Simply no way the math will math. But if you do undergrad with only $25K debt that $425K could be paid off as a doctor in 10 years, sure. [/quote]
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