Is about 23,000 total dollars in student loans worth it if Im getting a degree in computer science?
Im so scared about taking about loans. The money that I would have to get loans froms would be partially federal loans, mostly private loans because the government wont give me enough, and it would mostly go towards living on campus. I have enough scholarship money to pay for actual tuition, but its the housing thats going to kill me. The commute to school would be about an hour and 15 minutes each way. Im debating whether I should just stay at home and commute vs. living on campus. I have commuted before when I went to another school and it was very draining commuting that far.
$23,000 total is not unreasonable for student loans, especially if they’re giving you a reasonable interest rate (under 10% or maybe even under 12%). If you’re unsure, there’s a calculator that will tell you how much you need to make in order to comfortably pay off those loans: http://www.finaid.org/calculators/loanpayments.phtml
