<p>After 4 years, I’d be at least $150k in debt. My parents are freaked out by that idea… they have an strong aversion to debt.</p>
<p>I honestly think that I need to be in the Boston area to make the most of my college education. It’s the second best place to be in the industry I want to work in. </p>
<p>I would take advantage of internships throughout my 4 years, and the ability to attend networking events that take place every week, opportunities that I wouldn’t have going to a state school in the middle of nowhere in NY.</p>
<p>Any opinions? How is everyone else dealing with the financial aspect of BU?</p>
<p>Do you have a plan (taking a summer job) that can reduce your unsubsidized and private loans any? Many schools will agree to reduce your loans first before reducing grants if the student develops an internal source of income. </p>
<p>I’m not going to lie; your parents are right to be kind of freaked out. $150k in debt will eat up your income from most entry-level positions, but if your industry pays well and has plentiful job opportunities then it might be worth it.</p>
<p>Depends on what you wanna do. IMHO probably not a good idea to go 150k in debt. BU is a great school, but its not worth taking anything more than 100k of debt. Save it for grad school.</p>
<p>This is the question for all private schools - and for many OOS at state schools - because they all cost about the same. I wouldn’t go into that kind of debt.</p>
<p>I don’t think so, but I’m not talking from personal experience with BU. It’s just, $150,000 is a big risk to take, especially when you’re being thrust into the world after being mollycoddled by adolescence and high school.</p>
<p>Also, I don’t know if you included the federal loans in that $150,000, but you have to pay those too like what, only 6 months after graduation. Taking on that much debt will be pretty intense.</p>