How to keep student debt affordable
Regardless of whether you attend one of the above schools, choose a college that enables you to keep student loan payments manageable.
As a rule of thumb, limit college borrowing such that future monthly payments don’t consume more than 10% of your projected income. A student loan affordability calculator can help you make this estimation.
Then, look for relevant programs that are relatively low-cost or award enough scholarship money to offset your out-ofpocket expenses.
This approach isn’t as fun as believing your dream school is priceless. But you’ll thank yourself when paying the monthly student loan bills in the future.