A Loaded Question

<p>Yes, graduate school, which sounds silly thinking about it right now (HS senior) but I can’t help it,</p>

<p>You are VERY SMART to be considering how you’ll pay for grad/law school if you’ll also have expensive undergrad. :slight_smile: Many kids your age aren’t looking ahead and take out loans for undergrad and the are completely overwhelmed with law/business/med school loans on top (and some run out of borrowing power before they’re done.)</p>

<p>*Regarding law school how can people truly afford $50,000-$60,000 a YEAR to attend without taking on loads of debt? My parents make around $140,000 a year but even asking them to pony up even half of that after helping me pay for undergraduate school seems…eh.
*</p>

<p>Some families do this…the student agrees to go to a less expensive undergrad (say Arizona on scholarship) and the parents agree to help more with law/med/grad school. That’s what we’ll be doing in our house. :)</p>

<p>So, talk to your parents. If you decide to go the Arizona way, it might be a good idea for your parents to start putting the money that they’re not spending on undergrad, into a savings for grad school.</p>

<p><a href=“http://www.finaid.org/loans/studentloan.phtml[/url]”>http://www.finaid.org/loans/studentloan.phtml&lt;/a&gt; Scroll down to where the chart shows Aggregate Loan Limits. You’ll see that grad/prof students can only borrow a TOTAL (for undergrad PLUS grad) Stafford loans of $138,500. (med students can borrow up to $224k for both undergrad and med school total)</p>