« on: March 31, 2012, 01:13:50 AM »
Excellent question.. This has really been the root question to all my dilemas. It is tough to judge though how much money you will be making after graduation. Some schools boast the top salary was $160,000 with an average of $75,000. But than there is also still half the class going to be making under $75,000 and a slight few unemployed. So I have been finding it very difficult to get a sound expectation of future salary.
Also I think it might not be exact to say you should only take as much debt as you may make first year after graduation, but I wouldn't say its that far off either. It seems that living expenses alone, besides tuition, is likely to be over that amount that many first year jobs will offer. I guess that heavily depends on where you live but I imagine most area cost of living is going to be around $15,000 a year including rent, books, and personal expenses.
Nonetheless, it is a very interesting question that I hope some more people who have been there can shed some light.