<p>Looks like a median starting salary of 40K for BU grads in '07-- that sounds about right for '07. I feel for the kids graduating in '09, though, from any college. Lucky to get a job, let alone one making 40K. Tons of experienced folks who’ve made twice that who are looking for any job.</p>
<p>Soccersam - think hard about how competitive your MBA with no full-time work experience will be versus your competition when applying for your first job. Best wishes.</p>
<p>Sometimes you have to make the loans over 10 years which does make it a lot of interest (although deductable) but manageable. My nephew did that and later got some of it forgiven because he worked in a job that dealt with the schools and inner city. You had to pay on it for 10 years I think initially, so it worked out better for him.
My niece had 40.000 in loans after her masters and had a hard time living in a big city, pay was good but living expenses were high. She gave up her car and is putting whatever she can on the principle but it’s hard some days. She doesn’t really regret it though, she got a very good education, lots of experience and has potential for a lot of growth in finance/accounting.
I do think though that students shouldn’t just have a quick computer counseling session for loans, they should be forced to look at loan amounts/payments and job prospects, the lowest salary vs the highest.</p>
<p>Also this is handy to see your true take home pay. It was an eye opener for my son when he first started out that even though he was making X, he was only putting Y into his checking account.
[Payroll-Taxes.com</a> - Paycheck Calculators](<a href=“http://www.payroll-taxes.com/calculators.htm]Payroll-Taxes.com”>http://www.payroll-taxes.com/calculators.htm)</p>
<p>juss curious OP, did you go to BC?</p>