Better schools worth the money?

<p>I live in Minnesota and I have pretty solid grades. I could easily get into u of Minnesota or u of Wisconsin Madison where I get reciprocity for about 20 grand a year. Those are pretty solid schools but if I were to get into schools like Michigan northwester upenn or u cal berk. Would it be worth it to take out loans to pay for the rest in hopes of getting a really good job? My parents could pay about 20 a year but that's it.</p>

<p>You can get a good job with a good starting salary out of Minnesota or Wisconsin. Not guaranteed, but possible. You might, or might not, get a better job with a better starting salary out of one of the other schools. But I would not advise making a selection based on that, for three reasons: (1) It's not a sure thing; (2) College choice should be about a lot more than money; (3) After your first job, how much you make has a lot more to do with how you perform than where you went to school.</p>

<p>Don't chose a college based on its prestige. That's just silly. It's nice to show off, but it'll really be your experience that gets you the top-tier jobs. College only helps with the first job (as annasdad said). </p>

<p>Choose a college you feel comfortable in. Some place that feels welcoming, a place you can enjoy yourself at. I've heard stories from students at Princeton who start having emotional and stress problems because the competition for grades is so fierce there, that it's hard to think of anything else. If you feel more comfortable at simply a "solid" school over a name-brand school, then go to that solid school. If you feel better at a CC, then go there. If you feel comfortable at UPenn or UC Berkeley, then go. Just choose a place you can thrive in.</p>

<p>Good advise thank you. I went to Boston college a while ago and loved it and it's a pretty good business school so that may be the case where it would be worth it if I could get the funds together.</p>

<p>Going somewhere for free vs. $20-30,000 in loans per year ($80-120,000 total) isn't even a choice - it's a no-brainer. That is a huge amount of debt - your payments would be more than $1,000 per month for the next 10 years.</p>

<p>You can't even borrow that much money on your own. Your parents would have to co-sign the loan - agreeing to take it on their credit and pay it off if you defaulted. Are they willing to do that?</p>

<p>You have two great public universities that you can afford right in your backyard. Paying ridiculous out-of-state tuition for UMich and Cal are not even close to worth it.</p>

<p>Nice summary of this issue today at Yahoo: 10</a> Reasons to Skip the Expensive Colleges on Shine</p>

<p>I could easily get into u of Minnesota or u of Wisconsin Madison where I get reciprocity for about 20 grand a year. Those are pretty solid schools but if I were to get into schools like Michigan northwester upenn or u cal berk. **Would it be worth it to take out loans to pay for the rest in hopes of getting a really good job * ?*</p>

<p>No, heck no, and NO YOU WOULD NOT have a better chance at getting a better job.</p>

<p>That is just very wrong-headed thinking. Those who graduate from Cal or UMich are NOT paid more than those who graduate from UMinn or UWisc. That's just wrong thinking all the way around.</p>

<p>This is likely the reality....if you were to take out $20k-30k per year in loans to go to UMich or Cal....and then start working....you would soon find yourself being VERY upset to learn that your colleagues graduated from "lesser schools" with little/no debt and they are earning the same as you are.</p>

<p>Depends on your major. If you plan on High Frequency Stock Trading or Investment Banking, persay, then yes a college like Michigan and Northwestern would result in a better job because they are target schools. </p>

<p>Otherwise Minnesota and Wisconsin are wonderful schools that will give you the best bang for your buck.</p>