Should I be worried about paying back around 70k in loans after college?

<p>Are you saying 56 - 60K versus 44K? Make sure you are calculating properly. Half of your LAC debt may be worth the transfer. You’ll have to do some investigating to see what will transfer. I would think most if not all would, but you would have to find that out.</p>

<p>Yes. I’m just afraid. Is it worth dropping out of my LAC and leaving all my friends behind? I’m worried about not getting the attention and opportunities I need at my state school branch.</p>

<p>Is home in a major city with lots of potential jobs?</p>

<p>No I live in the suburbs, but my state school branch is 20 min away from me and it is in the city. The medical school is actually part of this branch and there are a lot of research facilities.</p>

<p>After you speak with someone in the career center and your dept. chair you will have a better idea of career options and salaries.</p>

<p>As others have said with math/statistics major (with computer science as well), it is very possible to start at 35K or above, with increases with experience, working for banks, insurance companies, etc. </p>

<p>Figure out total cost of each school. Would you be able to live at home and commute to the branch school? </p>

<p>You will have to decide. But, your earning potential is more than you were assuming.</p>

<p>Is this a big city with jobs for math and CS majors?</p>

<p>Not really sure TBQH</p>

<p>OP:</p>

<p>There isn’t a magic number people can tell you here. You’re a math major so get busy doing some calculations. You just need to make sure the variables in your equation are reasonable and realistic and this is where you’ve been off base IMO with the idea that you’re destined for a min wage FF joint job.</p>

<p>A person earning $36K/yr will have a harder time paying back lower debt than someone earning $50K/yr with higher debt or someone earning $75K/yr for even higher debt. This is why statements with arbitrary figures like “$25K debt s/b the max debt for UG” are meaningless.</p>

<p>Are any banks or insurance companies headquartered there?</p>

<p>Yes, there are quite a few.</p>

<p>Wait OP you were the guy bragging about how you managed to find a ~great~ liberal arts school and how it was just as great as the Ivies. I hope it’s worth the $50k in debt. </p>

<p>Also I have no idea how you can’t transfer to a state school. Apparently it’s too much for you to suck it up and go somewhere larger.</p>

<p>Maybe some of you know where he is now and what opportunities his current school fosters. I don’t. Does the current school have great research opps and internship connections? A great career placement center? Has OP simply failed to check them out? Because step one, what he can do tomorrow morning, is get himself talking to folks where he is now. If there is a huge quality difference between the LAC and the statie, that has to be considered. What I am picking up here is that he hasn’t yet really tried- and it’s not going to knock on his door. This idea that he doesn’t know requirements or credit tranfers at the state suggests he hasn’t looked into that, either. Except for kids destined to join the family company, energy translates. Even if his home area has lots of companies with opps, the pattern of waiting won’t help. I wish him luck and hope he posts later this week about what he’s found out.</p>

<p>I think studying math, statistics, econ and comp sci will land you a job with a solid career. No flipping burgers for you. Use the resources at your school. </p>

<p>That said, your debt burden will be substantial, but most likely worth it, and most likely manageable. You’ll be driving used cars for a while and probably need to have roommates, but used cars are pretty good now, and having roommates can be a lot of fun. </p>

<p>I agree that you have to improve your attitude and get aggressive about getting internships and some real work experience. Invest your time and money in yourself and take the long view. </p>

<p>I think you should go for broke (pun intended), but with a can-do attitude and be on the look out for opportunities. Good luck.</p>

<p>I only skimmed these posts, but I think the OP mentioned the courses being hard so the GPA won’t be great. The OP has apparently taken a lot of math and science. I am going to suggest he could also pursue teaching. Depending on your state you may or may not need an education degree, but math and science teachers are in high demand. It’s not high paying, but if you talk to your advisor you may find that you need less rigorous courses and you could get a better gpa. I just thought I’d throw it out there. Of course, you will make more if you work harder and get that good corporate job.</p>

<p>Just as a thought, you may want to look into what types of skills companies want. Mrs. Turbo is an MS Applied Statistics along with a few other degrees (comp science and industrial engineering) and does business analytics for a living, and it’s not quite the path to entry level as one might hope. </p>

<p>A lot of the skill set required is not taught in college, period (Informatica, Business Objects, and so on). So I would look more into general purpose comp-sci or business IT type skills with statistics as a bonus. Once you have the foot in the door you can look into learning more skills and so on, so be flexible.</p>