Is it really worth 250,000 ?

starbright
Thu, 07 Apr 2011 11:48:38 +0000

It would surely help you if you provided more information about your situation. Given how much people are trying to help, not wasting their time might be a nice gesture.

On this thread you are a parent, and earlier threads you post as a student, so who are we talking to and who is making the actual decision?



I am going to WashU next week and will make decisions after the visit. I am pretty much set for premed but might change my mind after I get in.





I am going to visit WashU next month and am still waiting for the Big Day (3/30) to come. After that, I am going to make a decision with my parent input.



In earlier posts it sounds like you have to take out loans to cover the $250k but you haven’t clarified this very important aspect in this thread since the REAL differential would be far greater than what you suggest:



I would talk to my D about this carefully about her future regarding education and investment (money). By the way, for her situation, it is actually >59k for the first year. It may end up 240k in 4 years and with a 7.9% interest and 3% fees. She may need to pay up to 490k or more in a 20 years period. Money is everything right now for a parent.



As well, you seemed to suggest that NU, where you or your D got in, was the top contender:



My D is a debater in high school and she put the NU as her top choice because of debate in NU. Congratulations





Accepted to both Wash and NU. Neither of them has scholarship. Which one should I choose? I’d like to study medicine after undergrad.



And it’s unclear what you mean by a full ride at Tulane. Perhaps i’m wrong but I thought their top scholarships only covered full tuition, not full cost of attendance. Thus the comparison is not actually zero to 250,000.