<p>cpt,</p>
<p>I plan on entering a lucrative profession following college and hope my pay package will justify the debt. In addition, the projected expenses also consider summer classes. I figure if I save money by not taking summer classes and work during the summers it should help normalize the huge burden. </p>
<p>I still have not yet decided, I am still waiting on more pieces of the puzzle.</p>
<p>Thanks!</p>
<p>Quite confused. Why would OP be concerned on getting or paying off loans if he has been making $100K/yr. Further, if he has been making this type of money without a college education, why does he think a college education will make him more money? It would seem that the opportunity cost to go to college is negative.</p>
<p>I think that is debatable. I happen to believe I can make more money than I was making previously with a college education. Unless you are an entrepreneur, a “glass ceiling” exists for those without a college degree.</p>
<p>Additionally and more importantly, I want an education. My decision to attend college is not strictly vocational.</p>
<p>A lot of kids plan on entering lucrative professions. That is not the deal breaker. If you have already shown that you can make that kind of money in a field, that is a whole different story. I have seen Columbia grads come out making less than minimum wage for the first year or so, chasing payless or low pay internships, and then settle for jobs in NYC at $40K a year. Parents end up subsidizing, and I guess sometime things will work out, but not if you amortize a $160K debt in the picture. These same kids were ones projecting high pay jobs that did not pan out Though I have a friend whose D is making the dollars that make her loans through law school worth while, the D told me there are plenty from her graduating class from law school with as much or more debt than she has, making less than $40K a year or not finding jobs.</p>
<p>I would hazard a guess that for most students, attending college primarily exists for vocational training (either in a CC or a 4 yr school whether professional or nonprofessions) and as “finishing” school. </p>
<p>As for education: How many ways can you get an education? Many students take the easy way by taking a lecture where someone tells you something and then tests you on your memory. Education?</p>
<p>Please do NOT saddle yourself with those loans. Get yourself an education at another, cheaper school. And, just out of curiousity, if you were making $100,000 a year, why haven’t you saved some money to pay for your education?</p>