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100k in loans for Northeastern University Computer Science degree???

amayaneelyamayaneely Registered User Posts: 47 Junior Member
I was accepted EA in December into Northeastern University's CCIS program with a combined major in Computer Science and Communication Studies. Although I was awarded the Ujima Scholarship of 15k and a university grant of around 18k, Northeastern would still cost me around 30k per year because the tuition is just that expensive.

I am well aware of all the amazing benefits of Northeastern CS program and as a minority female entering CS I can really see NEU as a place I would thrive as an individual. I have to pay for my own college degree so this would be a debt I would take on myself. So my real question is, does it really make sense to go 100k down for NEU's program and opportunities. Is this amount of money something that a lot of people take on?

Thank you for your help in advance!
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Replies to: 100k in loans for Northeastern University Computer Science degree???

  • suzy100suzy100 Registered User Posts: 5,136 Senior Member
    edited February 2017
    I agree - it's not worth the debt. Do you have somewhere affordable where you've been accepted?

    Also, for the first year, you can only take out a $5500 loan in your name. Above that, you will need a co-signer. Are your parents willing to do that?
  • JerseyParentsJerseyParents Registered User Posts: 423 Member
    I'll second that
  • suzyQ7suzyQ7 Registered User Posts: 3,583 Senior Member
    What are your other options, how much will they cost and how will you pay for them? You only take $7K per year in loans in your own name.
  • SybyllaSybylla Registered User Posts: 2,379 Senior Member
    If you're a minority female, what are your stats and what other schools do you have as options? You are in state for cali, it would seems you would have an embarrassment of riches if your stats are good.
  • amayaneelyamayaneely Registered User Posts: 47 Junior Member
    All decisions haven't been released yet but I have been offered a full-tuition scholarship to Howard University in Washington DC. Their CS program is not reputed as highly as Northeastern for sure and I haven't heard much about it. I have also received admission to UC Santa Barbara and I have been invited to a top applicants luncheon, however, I do yet know if I have been admitted for Computer Science and Ive heard it is very hard to transfer into their CS program if not directly admitted as a freshman.
  • PengsPhilsPengsPhils Forum Champion Northeastern, Forum Champion Math/Computer Science Posts: 3,633 Forum Champion
    Yeah, as good as the program is, a much cheaper one is going to be ideal. If you can get into Northeastern EA and get a scholarship, you should have plenty of better offers. Howard is a great option to keep on the table, but I would be looking for a stronger CS program. UC Santa Barbara sounds promising. Where else did you apply?
  • amayaneelyamayaneely Registered User Posts: 47 Junior Member
    @PengsPhils I am still waiting on Georgetown, Cornell, Johns Hopkins, NYU, GWU, Williams, Vanderbilt, USC, UCLA, UCSD, SDSU, Wellesley, and Spelman College.
  • amayaneelyamayaneely Registered User Posts: 47 Junior Member
    @Sybylla All decisions haven't been released yet but I have been offered a full-tuition scholarship to Howard University in Washington DC. Their CS program is not reputed as highly as Northeastern for sure and I haven't heard much about it. I have also received admission to UC Santa Barbara and I have been invited to a top applicants luncheon, however, I do yet know if I have been admitted for Computer Science and Ive heard it is very hard to transfer into their CS program if not directly admitted as a freshman.
  • PengsPhilsPengsPhils Forum Champion Northeastern, Forum Champion Math/Computer Science Posts: 3,633 Forum Champion
    You should have a great chance at many - any chance for financial aid? Getting more merit money will be hard, but all it takes is one generous FA package. Once you get that, you may even be able to use that as a bargaining chip at a preferred program, perhaps even NEU, who I'm sure would love to have you and may be able to swing something. If you could get any of those schools down to total 50K debt, I think it would be plenty reasonable for CS. 100K is just a bit too daunting, and absolutely not worth it if you have the profile to get in here and be competitive at all those schools.

    Best of luck! Please do report back :)
  • PengsPhilsPengsPhils Forum Champion Northeastern, Forum Champion Math/Computer Science Posts: 3,633 Forum Champion
    Just saw that you are in CA - staying in state there will absolutely be your best bet. I know it's probably not as exciting, but there are so many great CS options there.
  • amayaneelyamayaneely Registered User Posts: 47 Junior Member
    @PengsPhils I hope so! I applied for FA at all of the universities. The problem is my FAFSA EFC is around 25k while my CSS EFC is around 31k. My mom is a strong advocate of children paying for their own education so that is what she is expecting of me. Also she is dealing with her own debt at the moment. Thank you for the quote of a total 50k debt. It seems more reasonable for me given my major and finance capabilities. I will keep you updated on other packages and where I end up. Thanks for the advice!
  • PengsPhilsPengsPhils Forum Champion Northeastern, Forum Champion Math/Computer Science Posts: 3,633 Forum Champion
    I do want to add: If it's 50K versus 10K between options, and the 50K is a better fit by a decent amount, the 10K is likley still the best bet. I would say a gap of 20K or less is a range where a fit consideration would be worth it. This is just one opinion, but just wanted to add all this so you can have some idea. If others can add in, that would also be helpful.

    Good luck again! :)
  • HopefulHoya1103HopefulHoya1103 Registered User Posts: 224 Junior Member
    If you are going to be paid enough, then it is worth it!
  • paveyourpathpaveyourpath Registered User Posts: 1,296 Senior Member
    I do not think taking on $100K in debt is a good choice. One thing to do that has helped some other students on various threads is to put the amount in context by breaking it down into what your monthly payment will be @ 10 and 15 years.
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