Full Ride at Emory vs. Brown -- help!

sly_vt
Fri, 04 Apr 2008 15:17:00 +0000

We have no idea if the OP wants investment banking – nor is it a good idea to go to college with the pressure on a student that s/he has to get an extremely high paying job when they graduate. What if this student falls in love with visual arts or classics – why should s/he abandon his or her academic interest because of an onerous $130,000 loan on their shoulders?

I’m sorry, there is no circumstances that I can consider that a student should take out a $130,000 loan for undergraduate studies. Now, if the parents want to take out a large loan and don’t have any retirement worries, then the family can make that decision. I still think that’s foolish. But to advise a student to take out such a large loan is putting the rest of their financial life at risk. Emory is a great school – so is Brown, but it’s not worth $130,000 in loans.