<p>How much debt are you going into to attend NEU? How much is WAY too much? Helpppp :(</p>
<p>my son will have $0 debt because we’ve been blessed to have savings (he did get a dean’s scholarship).</p>
<p>If we were not in this position, I would have counseled him to go to either of our state schools ($17 k or free ride)</p>
<p>you should not go 200K into debt to go to any college. Do the math for the repayment of how much debt you are looking at–those monthly payments are pretty daunting.</p>
<p>It took me 7 years to pay off my 10k in loans 25 years ago…</p>
<p>Consider all of your options. Is NU really worth the debt? I love the school, but I think my decision is hugely impacted by the generous financial aid NU is offering me in comparison. Keep in mind you will likely earn money during your co-op, but reading posts on CC it seems like you’ll earn enough for part if not all of your living while on co-op and some savings. Don’t expect it to make a significant dent in tuition if you’re talking huge amounts in loans. Overall I’d just say you need to assess your options. You can always come back for grad school.</p>
<p>Personally, I would draw the line at about $60k. And even that number is terrifying.</p>
<p>Expensive college is fun. So is cheaper college. Go to the cheaper school. You’ll be happy you did when you are 24 and don’t have massive debt hanging over your head.</p>
<p>Life is fun at 24 too. You’ll want money to do things. You won’t want to be totally broke just because you have loans to pay off.</p>
<p>60K is wayyy too much debt, unless you know you will have alot of help paying it off. Remember that’s 60K PLUS interest… :O</p>
<p>Student debt like that can impact your quality of life for years to come, possibly forever. A close friend of mine is 33 years old, her boyfriend is 35. They are both professionals, and have been living together for 4 years. They would like to get married and start a family, but their student debt is still considerable enough that they feel they cannot take on the costs of a wedding, pregnancy, daycare and time off of work. My friend recently told me she wishes she had gone for the full-ride she was offered at her state flagship instead of her private “dream school” which even with her scholarships and FA left her with considerable debt.</p>
<p>How much debt would going to NEU leave you with?</p>
<p>What are your other options?</p>
<p>I agree with other posters-the less debt the better.</p>
<p>$0</p>
<p>Its more about what you do than about where you are. I’m pretty serious about academics, and it was a hard decision- I turned down a 10k/yr scholarship at University of Chicago to attend Northeastern on a Trustee’s Scholarship. Of course, the difference is along the lines of 160k, but at the time I couldn’t help but feel that I was focusing more on money than my education, and that I was betraying some set of principles I felt I needed to maintain. Fortunately I got over that. </p>
<p>Northeastern’s a good school, but I wouldn’t say I’d really recommend it to anyone whose parents can’t easily afford to pay for it, or who aren’t having at least half their costs covered by scholarships.</p>
<p>I’ll leave with about 20k. I had a scholarship, a parent PLUS loan of 10k (not counted as part of my 20k), and significant out-of-pocket from my parents.</p>
<p>I’m totally fine with my decision to go here and I accept my debt, but I’d be hestitant to do any more. I always figured that I’d go to grad school straight from undergrad, and I was actually sort of okay with the idea of having 70k loans (grad and undergrad) because the field I’d go into is high paying. But now I’m starting to think that I really should burn off some of the undergrad first, which means getting a job before grad school. And since I’m not the type of person to go into work and then just leave for grad school, it means I’ll probably end up doing part-time…</p>
<p>I’m fine with it, but debt does change things. You have to know what you’re willing to give up for it, I guess.</p>
<p>Some people use a thumb of a year’s salary in your anticipated profession. But I think that’s too much… and not sure where you’d even get those large loans these days.</p>
<p>We all arrive at this point with differnet circumstances. It is impossible to say “what is too much dept” for everyone. Neuchime is right though, dept after graduation is the begining of the next round and will form your ideas about life after NEU. That is a great approach on how much dept you want to enter that next process with. If undergrad is the end of the road, you may have more tolerance for loans at this threshold…</p>
<p>I’ll be starting as a freshman this year, and I’ll have about 50k in debt when I’m done, which SCARES me so much. Plus, I would like to attend graduate school or medical school. I have no idea what I’m going to do, it’s all new to me. </p>
<p>So, I feel your pain :(</p>