Even then at $35K in debt at most, I feel that is a manageable amount I can handle if I were to move.
35k is O’k not awesome. You have to keep moving forward and finish your degree. @student08583 Looks like a better situation than before. You won’t be one of the ones who runs out to buy a 30k car at the start of your first job.
I’m pretty sure you know this but maximize your federal direct student loans each year: 5500 freshman, 6500 sophomore, 7500 junior/senior years. That will put 27K of the 35K in the better type of loan.
Good luck and I’m glad you have a plan worked out with your parents now!
Which state will lend a freshman $20k in loans for one year???
^^NJ has state loans. Vt has state loans.
NJ’s are terrible!
https://www.propublica.org/article/new-jerseys-student-loan-program-is-state-sanctioned-loan-sharking
But they exist.
Taking $20k in loans is a bad idea any way you slice it.
I wonder why your parents didn’t offer you some of the 529 money to use for the first year, rather than take all loans.
Some of these loans are accruing interest, and the 529 counts as an asset.