Thursday, April 19, 2007

The Debt

A quick profile of the expected debt:


Tuition

$41,900

Health Services Fee

$1,426

Insurance

$1,362

Program Fee

$4,050

Room & Utilities

$12,654

Board & Personal

$11,908

TOTAL

$73,000

These expenses are for the 2007-2008 academic year, which means they could increase, are only for 9 months in the case of room and board, and only cover one year of the two year program. I understand that there are scholarships, grants, and fellowships out there to reduce this debt and that living frugally can lessen some of the numbers, but it's still more than I make in a year.


All told, I’m facing $150,000 in debt.

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