How debt is UPenn worth?

Colleges & Universities University of Pennsylvania
1

<p>I was accepted ED to University of Pennsylvania and with the current financial package it looks like I would have to take up to 90k in loans. I plan to double major in English and International Relations in the College of Arts and Sciences. Is 80-90k in debt worth a UPenn education?</p>

<p>Other options I’m considering are a 25k scholarship in the Tulane Honors Program with a possible full scholarship. I was also planning on applying to GW, American, BU, Johns Hopkins, and Tufts if I was not accepted to UPenn.</p>

2

<p>Simply put - No!</p>

3

<p>Bumppppppp</p>

4

<p><a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid;

<p>With $90K loan, here’s what you agree to:</p>

<p>$1037/month for 10 years or
$687/month for 20 years or
$586/month for 30 years</p>

<p>I hope you like public transportation/used cars and apartment living for a long time. </p>

<p>If you were my kid, I’d prohibit you from taking out $90K blanketly.</p>

5

<p>I would make sure you understand what the financial aid/scholarships really are at those other schools. They are never as high as every claims they are. For example BU gives many highly qualified applicants a 50% scholarship but very few get the full tuition and then that doesn’t cover room and board. Many of the others on your list do not give merit aid at all.</p>