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Comment by brettv2

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.

parent brettv2 2 years ago

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