Should I be willing to take out about $11,000 in student loans a year?
It ups to you how much you needed for your study. If you are planning to complete your Graduation with loan. You can do this but you should keep in your mind updated that you will be able to return this loan or not. You have asked about $11,000 per year. Yes you can tak out $11,000 per year. No cosigner student loan
Contrary to what some people may say, there is a point where an expensive school simply isn’t worth all the debt. I know this from experience – I took out about $11,000 per year and it didn’t work out too well for me. That said, it depends on how much money you will make after you graduate. Studies show that you should keep your student loan payments under 10% of your gross salary, or else you will feel stress trying to pay them. The math on that works out so that, as a rule of thumb, you shouldn’t take out more in loans than your expected starting salary. Find out how much physical therapists typically make per year, and that number is the max you should take out in student loans. Also remember, it’s not what school you go to for the whole four years, it’s what school you finish at. You can start at a cheaper state school or community college, and transfer to your dream school after two years, and get the same degree. That’s a great option for many people, you might want to consider i
