Pricy undergrad - worth the debt?

[phildapimp89 10+ year member]

Well I've been debating which school to go to, need to make a decision soon.

I'm going to keep University names out of it, I really do not want this to turn into a , "which college is better" topic.

I INTEND ON GOING TO GRAD SCHOOL IMMEDIATELY AFTER MY FIRST FOUR YEARS.

Option A: No debt, school is not very reputable at all, but definitely not a BAD school. (Dad pays all)

Option B: Pay $30,000 a year for 4 years (Dad is covering half) Reputable, in the city.

I intend on going to the more reputable school for my grad.

The question, is paying $15,000 a year(will be loans, which means, debt) for a more expensive, more reputable undergrad school worth it, if I intend on going to a more reputable grad school anyway?

This work money I will save paying off loans will be invested, which I believe will give me a much more secure future?

Thanks

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[BIG-SMOOTH 10+ year member]

I would do the first four years at the cheaper school as long as you feel the education will be adequate and finish at your choice school. Of course I never finished college, so what do I know. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[Spac3d 10+ year member]

Go to the better school. It is an investment in yourself.

*awaits people saying to go to the cheaper school and blow the differnece on walling off your car*

 

[phildapimp89 10+ year member]

Well it is money I do not have anyway, I might have trouble getting a loan to wall off my car.

I think I could really get ahead by taking the money I earn working and investing it now instead of using it to pay off loans.

 

[crunktimes.com 5,000+ posts]

Dude just get your GED, it is really looked highly upon these days my buddy even got a managerial position at Wendy's with his GED.

Just wanted to add he makes $11.50 now! That is $5/hr more than what he was making slanging fries and he is only 28.

 

[tEh koRnDog 5,000+ posts]

Dude just get your GED, it is really looked highly upon these days my buddy even got a managerial position at Wendy's with his GED.
Just wanted to add he makes $11.50 now! That is $5/hr more than what he was making slanging fries and he is only 28.

ummm yeahhh //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif :laugh: //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[Eugenics 5,000+ posts]

15k a year is nothing.

 

[Eugenics 5,000+ posts]

nevermind i like Toasted's idea best.

 

[Rmsanger 10+ year member]

An undergrad is not worth 30k a year unless it is a top 5 school. Unless you're at a Yale, Princeton, Harvard, Stamford, USC Berk then I wouldn't even think about it (unless the school has a specialized program and are at a top level).

A good solid undergrad education will provide you the best cost/benefit ratio and allow you the financial flexibility to try different areas of education.

I did a undergrad at a public Univeristy in FL, did my Master's at a top 15 graduate finance program and am finishing up my CFA. I'm 24, completely out of debt which isn't bad considering that I was at an inter level for 4 years. Good luck! An education is what you make of the opportunity not the other way around.

 

[phildapimp89 10+ year member]

An undergrad is not worth 30k a year unless it is a top 5 school. Unless you're at a Yale, Princeton, Harvard, Stamford, USC Berk then I wouldn't even think about it (unless the school has a specialized program and are at a top level).
A good solid undergrad education will provide you the best cost/benefit ratio and allow you the financial flexibility to try different areas of education.

I did a undergrad at a public Univeristy in FL, did my Master's at a top 15 graduate finance program and am finishing up my CFA. I'm 24, completely out of debt which isn't bad considering that I was at an inter level for 4 years. Good luck! An education is what you make of the opportunity not the other way around.

Thanks, my intended major is a Business/Finance major as well. May I ask where you received your masters at?

 

[PatFitz9 10+ year member]

I went to Bradley, pretty expensive school. I have been told by more than one employer that I was better qualified than most people right out of college, and that I seemed smarter than most. maybe it's because i'm awesome, but maybe it's because I went to a good school. When I was going there, it was the in the top 3 in the midwest for my major.

If the school has a good reputation, it's worth it.

 

[phildapimp89 10+ year member]

I went to Bradley, pretty expensive school. I have been told by more than one employer that I was better qualified than most people right out of college, and that I seemed smarter than most. maybe it's because i'm awesome, but maybe it's because I went to a good school. When I was going there, it was the in the top 3 in the midwest for my major.
If the school has a good reputation, it's worth it.

Were your qualifications determined by your interview discussions or because you went to Bradley?

I have no problem selling myself on an interview, I have many times, so I'm not sure if a little spot on my resume is worth $60,000.

 

[PatFitz9 10+ year member]

well if you don't have work experience, you don't have qualifications //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif they determined that i was a good employee because things that they had to explain to most, i already knew. and i wasn't a great student if thats what you're thinking. i'm smart, but i don't do homework ever. so my grades were eh, but i managed to absorb a lot.

it's up to you if it's worth it or not, but i'm glad i went where i went. also, keep in mind there is a LOT more to college than grades and a degree. if you don't like the school, the reputation won't matter. i had a blast in college, and thats more important to me than my degree.

edit: that doesn't mean that i would have gone to a crappy school as long as i had fun. there are plenty of good schools that are fun as well.

 

[faulkton 5,000+ posts]

go to the school you want to.

 

[Dozy_production 10+ year member]

15,000 isnt too much considering the girls i know who can barely afford anything and still make it in USC. +$44,000