Is it worth being in debt?

arrrrryl
Mon, 09 Apr 2018 02:19:32 +0000

I’m a high school senior who is looking to major in architecture. My top school right now is Drexel because I believe their architecture program is really good, even better than Carnegie Mellon in my opinion. The ticket price is 70k which includes room and board as well as other expenses. My net cost is $36K, which will have to be paid out by loan, which is a lot. The net cost only applies to the first two years. The next four years will be my co-op years and the tuitions will be $21K,$18K, $17K, and $12K. During co-op, I will be working full time at architecture firms and would be expecting to be earning about $31K a year, with salary increasing slightly as the four years past. The unique thing about Drexel’s architecture program is that it allows me to earn my Architecture License as I’m earning my degree because it already provides the required amount of experience. So I could graduate already with experience as well as my license, which could easily land me a well-paying job. However, I would have to take out lots of loans but I think its worth it considering the experience I get as well as the money I will be earning during co-op which could help pay out my student loans quicker. Drexel is my top choice out of all the schools I’ve been admitted to because I believe that it will be the most beneficial for my future as an architect. The demand for architects have been rising and since it’s a STEM field I think its a good investment going to Drexel. But is it worth it?