Reply to Yale vs Penn State - Your Honest Opinion Please

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I got into both Yale and Penn State and I went to Yale.  My parents didn't give me a hard time about it but helped me pay and supported me taking out loans.  I met people at Yale I wouldn't have met at Penn State.  Even now, the Yale name on my resume means more on job applications than the Penn State name would.  I would make the same choice again.[/quote]
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
[b]
$5,500 to $12,500 per year[/b]
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.[/quote]

I went about 30 years ago when I think tuition and board were about 35 K/year, and I think I took out 15K in loans per year.  We used my savings and my parents paid the rest.  My parents also helped me pay off my loans afterwards, which was extremely kind of them.[/quote]

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