If you have to take out $100k + in loans would you try to get into a less expensive program?

[SoCali]

I was accepted into a program and it's the only one I got into, but I am getting cold feet about taking a huge loan. I received the max from financial aid which is $20,00 but I would still need $40,000 more for the year. Now I'm considering applying to an online program where the total cost would be a little over what I would pay each year at my school. I don't have undergrad loans. 

[samiamslp]

On 7/13/2019 at 5:26 PM, SoCali said:

I was accepted into a program and it's the only one I got into, but I am getting cold feet about taking a huge loan. I received the max from financial aid which is $20,00 but I would still need $40,000 more for the year. Now I'm considering applying to an online program where the total cost would be a little over what I would pay each year at my school. I don't have undergrad loans. 

If it helps, advice that I have heard is to not take out loans worth more than the salary you would start out with following your CF.  I don't know what salaries look like in your area, but that's something to keep in mind!

[SoCali]

1 hour ago, samiamslp said:

If it helps, advice that I have heard is to not take out loans worth more than the salary you would start out with following your CF.  I don't know what salaries look like in your area, but that's something to keep in mind!

Thanks! Well it would take about 11 years to hit the salary step where I'd make 6 figures, low six. ? I am looking into a program with a total cost that is a little more than 1 year of tuition at my school.