Is 15000 too much debt to take for grad school?
I will need to take 15000 student loans for my UT Austin Masters in Acc. program (ranked #1). This is despite of in state tuition remission and merit scholarship amounting to $30000 awarded by UT Austin. I have 15000 in existing loans from undergrad. Is around 30,000 in loans too much to repay? My other option is to take up a 60K job as a logistics analyst at Sony in New Jersey. Its a masters in accounting
Asked By: force_ten_from_navarone - 8/28/2006
Best Answer - Chosen by Asker
I think $15K is relatively modest for a Masters degree, so I'd say, no, that's not too much debt. But what I don't know is this: what is a "masters in acc... More
Answered By: Carlos R - 8/28/2006
Additional Answers (10)
I think so.
Answered By: Anry - 8/28/2006
i believe so, because after u finish, u r gona have to work just to pay the loan off, and who wants to doo that ?
Answered By: ayYmire - 8/28/2006
What do you want? If you really want to go to grad school, please do. If you are not sure, defer your enrollment at UT and take the job at Sony and see if they will pay for your tuition down the line.
Answered By: gtn - 8/28/2006
Well, I hope that 30 k is not too much to repay in student loans, because I'm going to have about 75k. I think your total is pretty low, considering it would include grad school... More
Answered By: loubean - 8/28/2006
That's not so bad if you really want to do the master's program. I know plenty of people who are at least $60k in debt from schools here in NY, and they manage. Good luck either way. :)
Answered By: Jen - 8/28/2006
I am currently in graduate school, and do not believe that $15000 is too much for higher education. When I am finished with my MA degree, I will owe the government almost $130,000. Goodness knows what I will owe when I am complete with my Ph.D program... More
Answered By: JustVenting - 8/28/2006
I have 100,000 in debt--Canadian bucks. I'm finishing a PhD and to tell you the truth, I'm not really worried about it. This education is something I needed to get, for myself. Being as poor as I am and have been, when I have to start paying it back, I will likely make the minimum payment on it for a while... More
Answered By: K - 8/28/2006
Depends on what types of loans you are taking out. Some are fixed interest rate and others vary with the economy. From what I've heard from financial planners, if you have fixed interest rate student loans the payments that you will be making are not a big deal. Even if you are making the minimum required monthly... More
Answered By: perdie15 - 8/28/2006
I finished my MA with just over $40,000 in debt. The debt should not make your decision for you. You will make enough to pay it back without great difficultly. Instead, think about what you really want. If you're tired of school and ready to work now, go work. If you really want this degree, go do it. Keep in mind that... More
Answered By: pag2809 - 8/28/2006
My guess is that the fifteen grand will be chicken feed. Am not all that familiar with the industry but a nephew started at well over 100 K with a masters in business administration from Duke.
Answered By: dlmrgnk - 8/28/2006
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