Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Should I take out $100,000 in college loans? - I am switching schools and by the time I've finished with my grad degree--if I am not awarded any scholarships--going to my top school with tuition, room and board will cause me to be $100,000 in student loan debt. I've been doing the math and comparing the cost with the average salary I should be able to swing it, I just have to avoid getting the low end of the payscale. br br My primary concern is that while it seems to work by my calculations, that's what the bank told my cousin (and what my cousin thought when he bought a house) who has now declared bankruptcy. I don't want to set myself and my future family up for a bad situation.