Hey, I was wondering if taking out 20k loan in private loans a year for GT too much for out of state? or just average? I plan on doing ME so can I pay it back in the long run? I also plan on doing coop program at GT to pay money back. Is the coop worth it? And will it help with paying back the loan? GT has a coop program where students can rotate between one semester of classes and another semester of work at a firm. While working at a firm, students get credit but do not pay tuition.
Yes, co op will make your education take longer, but depending on the field could help you work your way through. It depends a lot on the salary you are able to earn. GTRI on campus offers positions. $80,000 total is the rule of thumb maximum you should borrow for a bachelors degree, but working more and taking less loans would be advisable. Also, GT also takes five years of solid courses for many students, due to dropping classes or other factors. Be realistic can you finish in four years, then the $20,000 per year is TOO HIGH. So do you have credits that GT will take from concurrent enrollment, IB and AP tests? You may not know all of that but check it the best you can before you take a loan. If you can finish in four years, then maybe $20,000 is OK. Start to look into employment right away, for summers and term time, as soon as you adjust to the workload. Its hard to work and study but possible.
@“Ordinary Undergrad”
No, never take a loan for undergrad education (and even grad school for that matter). Go to your local state school, do well, and come to GT for Grad school for free.