[quote=bobby]up to $20K? that’s gonna be tough to get a degree.
I think there’s a rule of thumb for how much to borrow: The amount borrow should not exceed the expected annual income for the first few years.
I borrowed $225,000 for school. Very glad I did. Would definitely do it again. Wouldn’t be where I am today without this loan.
I wouldn’t borrow for some lib art degree but for a practical field, it’s worth every penny.[/quote]
bobby, are your SURE you would encourage your kid to take out this size of a student loan TODAY … even for a “practical” degree?
And if you don’t mind my asking, how long ago did you finish borrowing this amt and how much left of your student loan do you still have to pay?
