Re:More Than 40% of Student Borrowers Aren’t Making Payments
by douche on Thursday April 07, 2016 @03:39AM
(#11445441)
The problem is that there isn't a significant differential in price between the institutions that it's really worthwhile to have a degree from, and the ones a couple tiers down the influence ladder.
The options I considered were:
1.) Ivy League
2.) Smaller, 2nd tier private college, with incentives for in-state students.
3.) Private military academy, where my Dad went
4.) My main state university.
Since my parents were kind of lower-middle class, #1 was mostly covered by financial aid, so the real differences in cost between that and the state university were only a couple thousand a year. The doors that having that name on the top of my piece of paper opens are well worth it.
Options that would have been suicidal, financially:
A.) 2nd or 3rd tier, out-of-state non-Ivy private school - most are still in that 40-50k price tag range, without the endowments to offer the same financial aid packages.
B.) Out-of-state tuition at another state university - again, price tag in the 30-50k range, no subsidy, reduced prestige
The options I considered were:
1.) Ivy League
2.) Smaller, 2nd tier private college, with incentives for in-state students.
3.) Private military academy, where my Dad went
4.) My main state university.
Since my parents were kind of lower-middle class, #1 was mostly covered by financial aid, so the real differences in cost between that and the state university were only a couple thousand a year. The doors that having that name on the top of my piece of paper opens are well worth it.
Options that would have been suicidal, financially:
A.) 2nd or 3rd tier, out-of-state non-Ivy private school - most are still in that 40-50k price tag range, without the endowments to offer the same financial aid packages.
B.) Out-of-state tuition at another state university - again, price tag in the 30-50k range, no subsidy, reduced prestige