My daughter is a Biology major. Doing Pre-Health with a goal of going to medical school. Is Santa Clara worth an extra $20K? This would require some loans as well. Wants Santa Clara, but understands cost is too high. Willing to go the ASU route, but still not sure if we would regret turning down the admission to Santa Clara.
$20,000 per year, with loans required to do so? I’d say…not worth the cost. And our kid is an almost full pay grad of Santa Clara. We would not have done this if it meant parent loans.
But we also had the conversation about costs before applications were sent. Did your daughter know your price point, and what costs she couldn’t exceed…before applying?
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This says it all.
Med school will be $100,000 a year and is funded by loans loans and more loans…and the bank of mom and dad.
It would be better not to have undergrad loans too.
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From a financial POV, heck no.
From a better for them, four years, day after day - that’s hard to answer or quantify. Very different schools - perhaps one is better for the student than the other.
Loans are unnecessary in general - especially when more school is involved which then will mean more loans.
And a student can only take out $27K over four years. You’d be taking the loans.
Best of luck whatever you decide.
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I have to say…our kid (and we) felt Santa Clara was the better choice than her second choice which was also a large public university. SCU really is a terrific university. The Jesuits have higher education down. Size is very nice. Location terrific. Great school all around.
But we didn’t have to take $80,000 in loans.
Is your $20,000 per year? If that’s $20,000 total for all four years, that might be worth it.
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