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So now you tell us Indy grads on average earn $100 wk more than the other school, yet you want to take on debt of 800 month for 10 yrs? Somehow that sounds good to you? Assuming your figures are correct, and assuming that for all 10 yrs you actually do pay $800 month(no hardships slow you down), do you realize that for the first 10 years of your career you'll be bringing home LESS than you would have by going to lesser priced school? Factor in your other losses, what housing? what car? what leisure activities can you not afford that first 10 yrs on so much less money. Plus, as a finance major, you can figure the real cost of that loss- in the sense that the money spent on loans is money not in any account earning extra money. That costs you even more. If you want Indy for the location, or for the student bodies, etc., that is an emotional issue, and my advice is financial. Financially speaking you'll put a big damper on your life for AT LEAST 10 yrs, and I believe after 2 or 3 yrs of netting less money than from the cheaper school you'll be regretting your decision- but will still have at least 7 yrs payments still to go!
Think of it another way- if you had extra $400 month discretionary income first 10 yrs after school, what pleasure that could bring you. More investment, more savings, nicer car, nicer housing, fancier dates, or whatever you chose to do. If you have some reason other than financial for being so interested in pricier school that ok, but come clean with us please.
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