I'm looking at going back to school, and I have the option for two different speeds at which I could pursue my degree. The following numbers are assuming none of my credits transfer. They all should, but just for fun let's say they don't.
The first one is the accelerated program which would put me at just under 50 credits at the end of my first year. It's definitely something I can handle without an issue, at least with the work load. The issue is the price. At $14k for the first year, I would need to take out about $700 / month in unsubsidized loans.
The second option would halve my credits taken per year, but would also take the cost from $14k to $8k. The $8k I could pay in cash with no issue over the course of the academic year, but I like the idea of getting my degree as quickly as possible.
I also have about $3k in student loans in my name and $15k in student loans in my parents name (which I pay on since they shouldn't have to). The total payment on those two is just under $300 / month.
Which of the two options would be smarter? I want to avoid debt, but I want to get my schooling done as fast as I can so I can focus on my freelance programming business.
Any suggestions would be fantastic