Georgetown: Is it worth it?

BooBooBear
Fri, 06 Apr 2018 20:53:27 +0000

If you go into a higher-paying job path, AND you do not pursue a grad degree in the first 5-10 years, the undergraduate debt issue is not as large an issue as some make it sound here on CC. The real problem with undergraduate debt is that it will limit your options far more than you realize as a high school senior.

$80k debt is fine if you go into consulting/investment banking in the northeast, stick with it, and forego an MBA for at least a while. $80k in debt is NOT ok if you decide you hate investment banking, or want to pursue something in the nonprofit sector, or move to the Midwest, or decide to go to graduate school in the first five years after your BA. Everyone I ever knew who had significant undergraduate debt, then borrowed more for graduate school, was miserable well into their late 30s as they were forced to delay having a family, buying a house, etc. Lord forbid you then go off and marry a person who also has significant debt. I have seen that, and it is not pretty.