Hi everyone.
im a first gen soon-to-be grad student who comes from a very low income family. for grad school I’ll have to take student loans (grad plus) but I’m very, very nervous about doing so.
There is an online / hybrid program that will cost 33k a year for two years (private). Third year is a full time internship so lower cost tuition (about 8k)
another program (state university, 2 hrs away) will likely waive tuition or at least have it down to 4k at the most, for each year but I’d have to pay for housing, which is insanely expensive in the area, likely coming to about 20k per year (17k if I get a single room on campus). I also hate the location, which is why I’m really leaning towards for the online one.
i have 13k in undergrad loans already.
TLDR: so is ~85k-90k in total loans (including interest) too high for a program where jobs in my area are usually starting at 100k (80k after tax probably)? I’d likely move back in after graduation and aggressively pay it off for at least a year though I dread doing so, as my parents are extremely strict and overbearing.
How high is too high for student loans?
byu/Any_Librarian47 inStudentLoans
Posted by Any_Librarian47
3 Comments
What’s the major field?
In your situation, it is almost a guarantee that you should be going to community college, followed by the least expensive accredited degree granting institution.
You should never go more than $30k. You are ruining your life going that far into debt. Trust me.
School psych programs have to be accredited. Go to the accrediting body website to find the list of all accredited in your state. Find the cheapest. Go there.
All accredited school psych programs have to meet the same standards so where you go doesn’t matter. Find the cheapest in your state as most states have specific licensing requirements and getting a license in another state can be tricky.