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<p>And I would NOT like to drive my current car. I want a Lexus. You know…I can NOT afford to buy a Lexus…so there you go. Even IF you get this loan, there is no way to guarantee that you are going to find a job that will pay you in excess of $100K a year…which is about what you will need to earn to pay back the amount of loans you plan to take out. How do you intend to pay for grad school…the tuition fairy?? </p>
<p>I’m sorry, but I’m with your parents on this one. If the cost of the school is prohibitive for your family then you need to consider a school where you CAN afford the costs. Being saddled (and that is a NICE way of putting it) with the kind of debt you are discussing is not wise.</p>
<p>And P.S. NO ONE is going to loan you money based on your “potential future earnings”. They will loan you money in your name based on earnings and assets you currently have.</p>