Hello! I am a current high school senior and I recently committed to my state university for undergrad. My current plan is to major in History and then get a Master's in Teaching to teach social studies at the high school level. It is important to note that the state I live in (and hope to work in) has very good teacher salaries compared to the rest of the country (Starting salary in my area is around 70k, but with a masters it's 88k and can get up to the lower-mid six figures depending on years worked), but it is definitely harder to get hired (especially for social studies).

    I thought choosing my state school was a financially responsible choice, but after really looking at all of the numbers I am becoming increasingly overwhelmed by the amount of debt I'll have to take on. My parents are able to contribute a bit yearly which is great, but after all of that is added up I'll still be left with roughly 53k in student debt after undergrad. A little less than 20k of that will be federal unsubsidized loans, but the remaining 33k will be in private loans.

    Given this info, does this seem like a reasonable plan, or should I try to figure out a different option? I am open to any suggestions that you may have, or any wisdom on the matter. I just don't want to trap myself in student debt if there is a better option out there, and I've been super anxious about college costs recently. Please let me know if you have any advice or ideas!

    Is 53k in student debt worth it for undergrad?
    byu/chunkypie250 inStudentLoans



    Posted by chunkypie250

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