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Nov6-11, 11:58 PM   #1
 

Paying off college debt


Hi,

I'm applying to college for (hopeful!) entry next year. I know of a particular school that I could get into with relative ease *but* it doesn't offer any financial aid. However, out-of-state students pay the same price as those who are in-state if they do some community work, which means that the total cost of tuition would end up being in the order of ~$50k, which is a darn good deal, considering that quite a few schools charge that amount for *one* year.

My question is, is it realistic that one could pay this debt as he progresses through graduate school? I know that the average stipend for a grad student in science is ~$20k/year. What I don't know is, if one does not even attempt to live extravagantly, how much of that money can be saved? Would it be possible to pay off a $50k debt with that kind of money?
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