A few days ago
lilgotti56

I would like to know if 70,000 in student loans is too much to have just for a MBA for a top tier school?

I want to finish my MBA degree from University of Chicago, but I am not at 52,000 in student loans from my undergraduate, I know but I went to expensive private Schools. I would need another 23,000 added to complete my MBA. Is this too much debt to have? I know if I get an MBA from University of Chicago, I would have a nice yearly salary.

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A few days ago
The Lone Wolverine

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Um…no. You’ll be LUCKY if all you have is $70000 in loans after getting done with college and a MBA program. Once I finish this last year of law school, I will be nearly $200000 in the hole…and that’s with a partial scholarship to my law school. And, honestly, if you didn’t have top schools on your resume like Chicago and/or were trying to do something that didn’t pay as much as business, such as teaching, and were that much in debt, then, yes, it’d definitely be too much money. But again, considering the kinds of schools you’ve attended, the kind of career you’re looking at and the total amount of debt, you are really in good shape.
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