<p>is fordham worth the debt?</p>
<p>How much debt in total by graduation?</p>
<p>(no school is worth a lot of debt)</p>
<p>^Some schools may be worth a lot of debt, depending on your future plans, and how important/easy to achieve money is for you (i.e. money = very unimportant, but very easy to achieve means higher debt is more worth it… the benchmark my uncle, who graduated from Mudd, then Stanford in the 70s gave was 1 year’s expected salary should be the upper limit, which is what he graduated with).</p>
<p>Many factors, though. Fordham vs. no college? Fordham and fit vs. Columbia and no? Fordham and more debt than you’ll make in two years vs. top tier (low tier?) state uni? Could your family situation mean you’re not likely to continue to borrow all 4 years (and thus not graduate?) Med/law school afterwards? Paid PhD or unpaid Master’s?</p>
<p>the benchmark my uncle, who graduated from Mudd, then Stanford in the 70s gave was 1 year’s expected salary should be the upper limit, which is what he graduated with).</p>
<p>That is typically not considered to be “a lot of debt.” </p>
<p>No school is worth a LOT of debt.</p>
<p>I am transferring to Fordham and expect to graduate within 2 years. I knew I couldn’t pay for Fordham for the full 4 years. I am also planning to go to law school but law school is very expensive and I would have to take more loans out</p>
<p>Ok…if you plan on going to law school then do NOT take out undergrad loans (at least not much) and this is why…</p>
<p>When you go to borrow for law school, fed student loans are limited to a COMBINED undergrad + law school of $138k. Obviously, law school alone is going to take $138k (at least!). </p>
<p>Where can you finish your 4 year degree without borrowing any (or much) money?</p>
<p>I already attended 2 years of college. I am only planning to attend fordham for 2 years. After I graduate from Fordham I wouldve borrowed or paid 40,000.</p>
<p>40,000 is too much.</p>
<p>If you peruse the multiple threads on this topic, you will find that the general parental consensus is that you should do your best to stay under 20,000.</p>