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The interest depends on the loan terms, right? 300k over 30 years is ~21k in interest per year. Over 10 years its ~17.5k a year. But yeah, that's a lot. I'm c
by brettv2 3y ago
The interest depends on the loan terms, right?
300k over 30 years is ~21k in interest per year. Over 10 years its ~17.5k a year.
But yeah, that's a lot. I'm curious how one racks up $300k at a state school. I just checked a few state schools in New York and their out of state tuition is ~7k a year?
$300k is enough to have gotten a degree from the most expensive private school in the US (Harvey Mudd).
But to answer the OP: absolutely do not start a company. Get a job and pay your loans off.