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Old 03-03-2010, 08:04 PM
Anthony Anthony is offline
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Join Date: Apr 1999
Location: cleveland, OH
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First off, there's info about california colleges raising their tuition, but they are/were heavily government subsidized, like some other state schools, so to use those tuition costs as an example is misleading. You need to analzye self funded schools, not schools that get less state funds and pass that onto the students.

Second, all students should analyze the costs of their education (loans) vs the lifetime earned income, and try to make an intelligent business decision.

Third, no matter what school you go to, borrow only the minimum amount needed, and be as frugile as possible, always, and don't get caught up in "I'll just pay it later".

I heard about that Columbus MD that owe's $500,000 on NPR several days ago. Borrowed about $200,000, and owes another $300,000 for default fees. She did a fellowship that she said caused her to default. I did a fellowship as well, and I was actually paying on my loans while I was in my residency, as well as in my fellowship. Without knowing her financial circumstances, I can't say whether she should have been more responsible, or was in a no-win situation.
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