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Josie
Student
Hobart, Indiana
1
Question
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How much debt is considered too much for education majors?
I’m majoring in elementary education and and my parents can’t afford to pay for my college which means I’ll have to do it myself. I have been applying for scholarships but haven’t been awarded any yet. I’ll be required to take our student loans. How much college debt is too much debt considering teachers don’t make a lot of money? #education #college-debt
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2 answers
Simona Hunt
Project Manager
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Washington, Washington
Updated
Simona’s Answer
Hi Josie, There is some way in opinions based on the goals you want to meet. I hope this information is helpful to you. Many colleges have student loan calculators on their websites. Once you calculate how much your degree will probably cost, you can determine how much student loan debt is too much. http://college.usatoday.com/2014/08/26/how-much-student-loan-debt-is-too-much-2/ STUDENT LOANS Guideline: Don’t borrow more for a degree than you expect to make in your first year in the workforce. https://www.nerdwallet.com/blog/finance/how-much-debt-is-too-much/ How much is too much to carry in student loans? What factors should be weighed? In the link below, some experts weigh that. https://roomfordebate.blogs.nytimes.com/2009/06/14/how-much-student-debt-is-too-much/
Simona Hunt
Project Manager
41
Answers
Washington, Washington
Updated
Simona’s Answer
Hi Josie,
There is some way in opinions based on the goals you want to meet. I hope this information is helpful to you.
Many colleges have student loan calculators on their websites. Once you calculate how much your degree will probably cost, you can determine how much student loan debt is too much.
http://college.usatoday.com/2014/08/26/how-much-student-loan-debt-is-too-much-2/
STUDENT LOANS
Guideline: Don’t borrow more for a degree than you expect to make in your first year in the workforce. https://www.nerdwallet.com/blog/finance/how-much-debt-is-too-much/
How much is too much to carry in student loans? What factors should be weighed? In the link below, some experts weigh that. https://roomfordebate.blogs.nytimes.com/2009/06/14/how-much-student-debt-is-too-much/
There is some way in opinions based on the goals you want to meet. I hope this information is helpful to you.
Many colleges have student loan calculators on their websites. Once you calculate how much your degree will probably cost, you can determine how much student loan debt is too much.
http://college.usatoday.com/2014/08/26/how-much-student-loan-debt-is-too-much-2/
STUDENT LOANS
Guideline: Don’t borrow more for a degree than you expect to make in your first year in the workforce. https://www.nerdwallet.com/blog/finance/how-much-debt-is-too-much/
How much is too much to carry in student loans? What factors should be weighed? In the link below, some experts weigh that. https://roomfordebate.blogs.nytimes.com/2009/06/14/how-much-student-debt-is-too-much/