Is Tulane worth 100K debt?

Financials
Wed, 09 Jan 2013 23:55:58 +0000

Hi,

Is Tulane worth 100K of debt?

Quick stats:

Tulane response: Accepted RD
GPA: 4.0
ACT: 32
Passion: Business (trading)
Intended Major: Finance + Accounting
Acceptance Merit Aid: 25K per year

So I happen to fall in the very deceptive 125K income bracket. Fafsa/CSS will likely think we’re much better off than we are. With a sibling in college, I’m ROUGHLY estimating around a 25K EFC.

Tulane COA: 60K
-EFC: 25K
=Need of 35K

So with the merit aid (+any grants) I imagine our need will be fully met with minimal to no Work Study or Loans. But since merit goes to 1) gap 2)loans/WS 3) grants then 4)EFC, I think we will be stuck with the full 100K EFC. Assuming we can come up with the money (through loans/external scholarships or something, I know loans are capped), is Tulane worth ~100K of debt?

I do know they are incredible for finance and trading, with the energy trading competition, Freeman days, a couple nice banks for OCR, etc… My alternative would be going to U of Oregon for ~8K/year which would be quite stifling for my hopes of ending up in S&T (trading) in a major city.