<p>A good rule is to not take out more loans than what you’ll make in your first year out of college. If you plan on going into high finance, the $100k in loans will seem very insignificant once you’re a decade into your career. </p>
<p>^ A plan on going into high finance may never actually happen. Those positions are very competitive. Betting on the come in this case is a bad idea.</p>
<p>@4kidsdad:</p>
<p>Well, right now, they aren’t paying for any of his undergrad.</p>
<p>I mean, you can argue that parents, even if they have the income stream that allows them to save for their kids’ education, have no obligation to pay for any of it, but frankly, I don’t see the difference between contributing 60K to an undergrad education and contributing 60K to grad school education.</p>