3 Replies - 1244 Views - Last Post: 05 April 2013 - 07:46 AM

#1 bbpps  Icon User is offline

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Comp Sci Major - Career Expectations - Student Loans

Posted 04 April 2013 - 04:33 PM

I am in a real tough situation within myself. I got accepted to a pretty good computer science school, the University of Texas at Austin, and have sat down and calculated everything but am still worried. I will have roughly $60,000 of student loans (22,000 federal 3.4% interest && 38,000 private). I know that computer science is a growing field but everywhere I read how people can't pay back their loans. I am choosing to go to an in-state school and the cost is still immense at 27,000/yr with NO REAL financial aid (grants) given. I feel like because of texas' resources and connection that I will be able to find paid internships to help bring down the cost during school and that I can also get a decent job right out of college. But, once again, I am just not sure about how many good paying ($50k+) entry-level jobs in computer science are out there to help pay off my loans. Doing some math with conservative estimates of a $50,000 CS job after college, I would earn $3,600 a month (after taxes). 3,600 - 1,300 living expenses - 650 monthly college payment = 1,650 left? Please let me know if these numbers are correct.

I really just don't want to make a stupid mistake at such a pivitol point in my life. I don't want to not be able to have a family or be stuck forever in debt like some of these other stories I hear about. Can someone just give me some advice and let me know what more i can do to get internships and what not to better my chances of coming out of this thing with my shirt on.

Thanks,
Kenneth

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Replies To: Comp Sci Major - Career Expectations - Student Loans

#2 macosxnerd101  Icon User is offline

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Re: Comp Sci Major - Career Expectations - Student Loans

Posted 04 April 2013 - 04:39 PM

You can work on campus during the year to help you manage the finances. As for internships, do well in your classes. Also do a lot more than what your classes ask. Personal projects are great. Get a professional looking website up to showcase your portfolio and work samples. Those are what employers look for, sometimes moreso than grades (though this depends on the employer).
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#3 bbpps  Icon User is offline

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Re: Comp Sci Major - Career Expectations - Student Loans

Posted 04 April 2013 - 07:00 PM

Thanks a lot! Those are some really great ideas! I am really motivated to do this and learn as much as possible. I guess I just worry a little too much :P
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#4 Apokio  Icon User is offline

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Re: Comp Sci Major - Career Expectations - Student Loans

Posted 05 April 2013 - 07:46 AM

Most entry level programming jobs in Austin are 55k - 65k some are higher if you can get in with certain companies. The degree from UT won't hurt either with a lot of hiring managers and people out there as alumni. If I could do it all over again and was in your situation I would go for it.
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