On average how much do freshmen take out for loans? What’s too much? I’m most likely going out of state and I’m very curious. Can someone please educate me. Thanks.
How much is too much depends on each individual situation. There’s no way that anyone can answer this question for you, without knowing a lot more about your personal situation.
I will be happy to. The Department of Education only allows you to take out a maximum of $27,000 in student loans over 4 years of college. Parents are expected to pick up the rest of the cost after scholarships and grants. With an out of state university, the student loan maximum is still the same, but you’re paying almost triple the tuition. This means Mom and Dad have to pick up the rest of the bill. If they can’t afford to do that, then the last option is to co-sign a bunch of private loans over to you, assuming they have good credit. This option could put you in the hole $80,000 when you walk the stage. If the average entry level job is $40,000 a year, this would put you in financial problems for years. I’ve seen it happen.
This is my advice 
Unless you can graduate with $27k or less, it is NOT worth going out of state for a bachelors degree. The best thing you can do is talk to your parents and have a frank discussion about money and costs.
^ That’s not $27K/year but $27K total. Freshmen get to borrow $5500.
For student with your stats, look at community college, work through college, to accrue minimal debt. Look to work for companies that have tuition reimbursement where you can pick flexible hours. You can use 3 semesters of college to spread out your load. If it is at all possible, live at home for free with a parent. Are you on a parent’s health insurance?