Thanks everyone for the input! I’m happy I came upon WCI sooner rather than later.
I have a follow-up question, but first some more info – Yes, the $8500 is essentially all I have. I did already purchase a new laptop just last month so that I could get used to it for a while before school. Apartment lease with a roommate was also signed this week for a July 1 start, with 1st month and security paid for. I am going to be taking out loans of ~$40k for the first year to cover school and some living expenses. I will also have a small income of about $500/month throughout school.
So, would I be better off taking out $3-5k less in loans, or should I move forward with the investment?
Congrats! My son is an M-1. Your $40,000 is hopefully all a Direct Unsubsidized loan? If so, take it all. That is a tight budget to hold yourself to. If you can hold it to that annually for 4 years, it would be awesome. Use your money as a buffer to try not to have to take out any PLUS loans. Impressive start!
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