Is a $25,00 loan for 1 yr at a Catholic University worth it?

Paying for College Scholarships
1

<p>HI
So I am admitted into College of St elizabeth, in morristown, new jersey.It is a 4 year private Catholic college all womens school
It is pricy not THAT expensive well kind of everything including is $37, 000.
Total Financial aid is $20,000 including loasn
So is it worth taking a $25,00 loan for 1 year at this college?I will make sure I will get good grades and then transfer to a public school.</p>

<p>So is it worth taking a $25,00 loan for 1 year?
need advice please help</p>

2

<p>please respond</p>

3

<p>well it depends on what you want to do. if your going into a high paying career that’s guaranteed yes. </p>

<p>Otherwise no. 100k by the time your out is ridiculous. You don’t want to be like those NYU kids.</p>

4

<p>I am going for nursing BSN, if I go there I will only be there for one year and then transfer out to a public school like Rutgers or ramapo</p>

5

<p>Why exactly are you going there for one year and then transferring out? In my opinion it isn’t worth it to take out a loan for a school when you will only be there one year. Plus, I don’t understand where you are getting $25,000 in loans. It costs $37,000 and you have $20,000 in aid. Shouldn’t that be giving you $17,000 in loans?</p>

6

<p>YOu sound like you need some time to figure things out ( and that is perfectly fine and natural) and there is no need to borrow money to do that. I you were my daughter I would advise you to stay at home, take a couple of community college classes, get a part time job in a hospital, and then after 6 months start making plans for next fall based upon how life looks at that point. I would most definitely not let you saddle yourself with any debt during this period. That is an enormous amount of debt with no real apparent benefit.</p>

7

<p>yeah been thinking that to, theres no point wasting $25 k at an all girls catholic school for 1 year and then to transfer
Im just going to BCC for one semester (I need to complete 12 college credits which is like 3-5 classes)then transfer to regular public college</p>

8

<p>IMO - NO!
Think how long it will take off to re-pay!</p>