<p>Is it worth $38,000/year before other private scholarships? The private scholarships would likely add to be estimated $2,500 per/year+. Is this worth it for a biomedical engineering degree? This is ultimately my dream school, but I can't fathom that price tag x4. My parents are encouraging me; however, I plan on repaying them back for my college expenses.</p>
<p>That is a TON of loans. Plus you will likely need a graduate degree to secure a job in biomedical engineering. </p>
<p>Are your parents expecting YOU to take these huge loans with them as cosigners? If so, I hope you have less costly options.</p>
<p>How much will your parents pay out of pocket? You aren’t planning on borrowing that amount are you?</p>
<p>My parents have enough money saved up, because my other sibling ended up taking the military route. I would use them as an “interest-free loan service.” I still want to pay for my way through college, but is an engineering degree worth the expenses?</p>
<p>I also do have another school choice that would be $16,000 before private scholarships. This school doesn’t have biomedical engineering, but it has other fields of engineering that I could settle with.</p>
<p>Are your parents asking you to pay them back? As a parent, I expect to use the money we set aside for college just for college, I don’t want my kids to worry about paying me back. You are putting a lot of pressure on yourself if your parents are not asking it of you, though I applaud your concern for them. I would also be hesitant to have my kid settle on a major they are not really interested in. </p>
<p>My parents aren’t asking them to pay them back; however, I have an independent mentality. I like to work for my own success. I feel a greater sense of accomplishment from it. I could also receive some of the competitive scholarships that will be announced in the next two weeks; it’s just very unlikely that the price will match any instate tuition prices.</p>
<p>I would never recommend to anyone to take on over $120k worth of debt for an undergraduate degree. And I don’t think anyone else on these forums would either. </p>
<p>So let my parents help me is your recommendation? </p>
<p>Choose the most affordable school you are comfortable with, and if you are in a position someday to pay them back then do it. My personal opinion only, you know your parents better than anyone here and how sincere they are about helping you and how burdensome it would be.</p>
<p>Thank you!</p>
<p>If I understand correctly, you wouldn’t need to borrow this money - your parents have it, in a college fund dedicated to your education. Therefore, you should pay for the best school you got into that is also affordable using that college fund. Once you have a job, make sure you set some money aside to pay something back, but most importantly, show your appreciation on a day to day basis, as soon as you start college, by not squandering the money - that is, show your appreciation by getting good grades, not getting drunk every weekend (or, worse, arrested or injured due to alcohol consumption), looking for internships, getting to know your professors and giving them a chance to know you by going to office hours, etc. Doing the most you can with the opportunities they gave you will matter more to them than money, I expect. </p>
<p>I am not a person to squander money by any means. I feel like they would rather give me the opportunity to flourish in a successful environment than settling for something else. I will just need to convince myself to take advantage of this situation; my parents are surely promoting it. I will be an athlete; therefore, I don’t intend, or think I will have the time to slack off.</p>