<p>$1150 per month is an ENORMOUS amount of debt for a recent college graduate. We are talking after tax dollars, so you’re really looking at the equivalent of about $20,000 per year in salary. With respect to the job situation, you have to consider several factors:</p>
<p>First, at this stage, you have no idea whether you will want to take a long hour, high pressure six figure I banking job (or equivalent) when you graduate from college.</p>
<p>Second, even if you wanted such a job, there is no guarantee that you can get one. The median starting salary for graduates from the top undergraduate business programs in the country is only $55,000.</p>
<p>Third, you might be able to get the same type of job with an Ohio State degree, particularly given the fact that a student who is simply above average at Stanford is very likely to excel at Ohio State.</p>
<p>Take the money and run.</p>