<p>My cousin has a great dilemma. She was recently accepted as a transfer student to Tulane University (yay!), and she is thrilled. However, she received her financial aid package that is not so great; essentially meaning that if she were to have this fixed rate of aid each year, she would have $45k of debt when she graduates. Additionally, she aspires to attend one of the best law schools in the nation, which average indebtedness of med. students is $80k. Collectively, that is at least $125k of debt--that's a mortgage. She is, though, a little discouraged to attend Tulane now given that she would have a "mortgage" to pay after all her schooling. I pity her because I'd love her to attend Tulane with me, but I also don't want her to struggle with debt. So tell me so that I may relay the message to her, does the benefit outweigh the cost? Or does the cost win this time?</p>
<p>i think the majority of the people that will get post-undergrad education will be hovering at least somewhere around the 100k debt mark. It's pretty sad, but i think its worth it if she ends up having the time of her life at Tulane and getting a great law education afterwards.</p>
<p>I appreciate jakem333; you're one supporter. Any others CC?</p>
<p>That kind of $$ is crazy for Tulane. Most state schools are as good or better. Save the $$ for grad school so she can have a real mortgage before she's 40.</p>
<p>I was under the impression that many grad school programs (at least in certain fields) often pay for a large part of the tuition for graduate students as well as a stipend. Is this wrong?</p>
<p>Grad schools yes, law schools no.</p>