The decision regarding the amount of loans students borrow should be based, in part, on how much they think they will earn upon graduating and obtaining their first postgraduate job.

Remember that earnings and cost of living vary by region of the country or world. The Bureau of Labor Statistics provides a great service that estimates potential earnings. The U.S. Department of State website provides information on the cost of living in various areas.  It may help to compare salaries and the cost of living in different areas.

One-on-one meetings with Financial Literacy staff allow resources and tools to be tailored to undergraduate students' unique budgeting, borrowing, and repayment concerns.  Set up an individual consultation with a Financial Literacy Specialist in MyUI:

  • In the Student Information section, click on Advising Appointment
  • Choose Office of Student Financial Aid in the dropdown menu and click Schedule Appointment
  • Select your appointment reason from the dropdown menu
  • Select your time and click Schedule Appointment