In State or Out of State

lvvcsf
Wed, 19 Aug 2015 18:33:26 +0000

The quick answer without really knowing your situation is NO. That amount of debt will not provide you with substantially more value than attending your instate public university and saving $90k.

However, you are asking the wrong question. YOU cannot borrow $90k. Find out how much your parents will contribute (including any loans they are willing to take). You can borrow up to $27000 for 4 years on your own. Apply to any schools you wish but make sure you apply to at least 1 school, likely an instate public, that you are sure you can afford and that you will be accepted to. Wait until all the financial aid awards come in and determine what is affordable based on scholarships, financial aid, potential work study, what you can make over the summer and the $27k you can borrow and finally what your parents stated they would contribute. If it’s affordable at that point you can attend out of state, if not, it’s too expensive. If I were your parents I would not bankroll $90k even assuming they could. I told my kids I will not borrow money for their college education.

On a related but side note, you are going to likely need to look at places other than flagships to be if you want to be accepted OOS. Your stats will need to improve immensely for any of the schools you listed to be considered anything other than reaches. There are many very nice OOS publics that you might consider matches but then you still have to consider costs.