NEW: About 60% Of Coachella attendees financed their tickets to attend the festival, according to Billboard.
If you need to take out a loan to go to Coachella, you shouldnโt be going to Coachella.
There have been about 100,000 attendees each weekend for the festival and over half of them are financing their tickets.
The ticket prices are around $600 but most festival-goers are spending over $1000 for housing and food as well.
The payment plan starts with a down payment of as low as $50.