In State or Out of State

juillet
Tue, 18 Aug 2015 02:40:05 +0000

Even if your college could 100% guarantee you a good job out of college, you still won’t make enough money to repay $90K worth of debt. Even great newly minted BA-holders in business can probably count on $45-60K salaries. With a business major you’re probably also expecting to live in some high cost-of-living city, too, like New York or Boston or DC or LA or something.

You won’t be able to afford to pay off $90K in loans.

So yes, you are better off going to a college that’s in-state even if you don’t absolutely love it. Many (dare I say most?) college kids end up falling in love with, or at least liking, the college they end up going to even if it wasn’t their first choice.

And just because your family is lower-income doesn’t mean you will receive enough financial aid to make it work. There are only a relative handful of colleges that give excellent financial aid; the majority of colleges and universities in the U.S. “gap” most applicants.