shana22 wrote:
From what I've heard, you won't get a confirmation email. Booth won't even find out from the US Gov't until they start billing or something like that. I know lots of R1/R2 people who haven't filled out the forms yet, I don't think it's a big rush.
This isn't true, apparently. I got a letter from Direct Plus saying I had qualified for loans based on a credit check. I haven't heard anything about the subsidized loans....
booof1042 wrote:
Just got done crunching some numbers. Does anyone else look like they're facing around 150k in student loans once they're through with their two years?
Avg debt for Booth grads per Business Week is ~86k. Based on the estimated costs for two years ($82,595 x2 = 165k), this must mean that those not receiving scholarships (two thirds of us) have (on average) around 80k in savings starting out... am I missing something?
I don't think your math of what the non-scholarship people have saved up (~80K) is correct precisely because the non-scholarship people are in the average debt figures. People with scholarships probably bring down that average debt figure from something higher than $86K (Booth doesn't appear to consider need).