At what point does amount of debt overweigh benefits?

<p>I’m definitely going to be doing biomed engineering. I was thinking about french or physics for my second major. </p>

<p>I haven’t heard back from all of my schools yet either (my top three) so this is just if I don’t get accepted to the others, or don’t get enough aid. </p>

<p>Still waiting for Dartmouth, Johns Hopkins, and Boston University.</p>

<p>Thanks for all of the help! I wish college was more about me and less about money.</p>

<p>I wish college was more about me and less about money.</p>

<p>Honey, welcome to life. :)</p>

<p>I wish buying a car was more about me and less about money. :)</p>

<p>

That’s true, and I didn’t say or imply that they were if you read my post. The point I was trying to make was that there are a number of options for federally backed loans to defer or reduce payments, including loan forgiveness under several different conditions. So a person who is carrying $20,000 in Stafford loans who wants to go to grad school is going to be able to put those loans into deferment status; a person who is carrying that sort of load but can’t find a job is going to able to arrange for an income-based payment schedule, etc. Private bank loans don’t have those protections.</p>