<p>I think these kids need more information to figure it out for themselves. OP, you would need to have your parents borrow for you above the Stafford limits unless you already have income and credit sufficient to take a private loan. Or have someone willing to co-sign for you. That person is then on the hook for any payments you miss.</p>
<p>The payments on $80K would be around $900/month for 10 years! I like Colgate too but that’s just alot of debt to start your working life with! What are your career plans and will they support this? Imo, the only way to possibly do this is to work alot of hours during summers and while you’re in school (probably not a good thing academically though), get a position as an RA, or ask your parents to contribute more.</p>
<p>You can play with numbers and look up other loan info here:
[FinAid</a> | Calculators | Loan Calculator](<a href=“Your Guide for College Financial Aid - Finaid”>Loan Payment Calculator - Finaid)</p>