Rahim Rupani always wanted a career in finance; he just didn’t know it was going to cost this much.
Tuition, rent on an apartment and all the other expenses at Southern Methodist University run close to $50,000 a year, Rupani estimates. He’s managed to get by for three years with about $14,000 or so in student loan debt, but more may be needed to get him through his final year.
It’s been worth it so far because he considers SMU a great school. But as for the loans, “I’m always worried about paying it back. I don’t want it to pile up.”
When Rupani does start paying back the loans, he’ll have a chance to deduct up to $2,500 of interest payments from his income as long as he’s making less than $70,000 as a single earner.
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