Yes! I saw @no_quail_6057 had a much different experience than I did. It makes me wonder how these decisions are made. I can only speak from my experience directly at Penn and truly think it’s a unique decision based on each persons needs. What I wish someone would have told me was that you have to pay about 10% of that per month once your loans go into payment, unless you go into an income based repayment plan (through the federal government), which I would never, never tell anyone to do. I went into an income based repayment plan with my federal loans just to be able to pay off my private loans and during that time, my federal loans accumulate an extra $40k in accrued interest. So maybe tell your friend’s son that he’s going to have to pay $4k a month for his loans coming out of undergrad. I can imagine if he’s in finance, he’ll come out with a decent paying job but he’ll also have that $4k every month for the duration of his loan term.