<p>i see alllll these threads asking "is ____k too much debt?" so i figured we can make a thread that has an answer for most people:</p>
<p>what is a practical amount that students should borrow for their undergraduate degree?</p>
<p>Depends on the student-- whether he has family resources that will likely help repay the debt, and his intended field.</p>
<p>I told my daughter I’m comfortable with her taking out around 20K in undergrad debt (combined subsidized and unsubsidized). She’ll be going to a LAC, undecided where she’ll land after that.</p>
<p>I read somewhere the average debt for an undergraduate was ~22k. blehh</p>
<p>It probably depends on your major too. For example, an English or music major could handle far less debt than an engineering major because of the job opportunities.</p>
<p>I’m transferring out of private school just to avoid the debt til graduate school.</p>