I’ve been out of college and working full-time for about a year and a half now. My intention has always been to return to school for my MSW in Fall 2019, so I’ve been saving as much money as I can.
By the time I quit my job to go back to school, I should have about $23,000 in savings. I plan to use that for living expenses while in school, on top of getting a part-time job or graduate assistantship.
My program will cost around $37,000 total. Here’s my main problem: I’m trying to figure out how much I should take out in loans. I obviously want to minimize how much I’m borrowing, but at the same time am afraid to front too much of the tuition costs in case I don’t have enough money to support myself for two years.
How do I weigh the benefits/risks of taking out fewer loans vs having more of a cushion for living costs? I know it’ll depend on what my job situation is, and I can’t figure that out this far in advance, but it’s killing me not knowing what to do here. Any advice, however nonspecific, would be helpful for assuaging some of my anxiety! Thanks!
Submitted December 29, 2018 at 09:36PM by mysticveranda http://bit.ly/2EVpN8G
