Ivy undergrad education worth debt?

afadad
Wed, 18 Feb 2009 09:35:09 +0000

Sethcolby; the ivy leagues definitely aren’t the only one. ANY school that puts you into more than 5 years of debt, based on what you make, is too much. A student without aid going to Tulane will cost about $45,000 a year. Cutting that in half because of scholarships and such could still yield a debt of $80,000 assuming they graduated in 4 years and not 5-6 years. Or what about the fact that only approximately 28% of students even graduate in 5-6 years? Then you’re looking at debt and didn’t even graduate. I only mention Harvard because they are the stereotype. That’s like saying a “Coke” for any soda. If your harvard degree is in the sciences, engineering, etc…; or something leading to those types of paying jobs, it is quite conceivable that the education can be easily paid back. But paying for a harvard degree in say history, literature, mythology, etc… doesn’t seem practical.

If you look back at my earlier post, I said clearly that if the school; even Harvard; is known highly for the degree you want, then that could be beneficial. But getting a liberal arts degree or similar doesn’t seem economically feasible. Especially if you know you need graduate school. I.e. Being $100K+ in debt for a degree in Folklore; and then turning around and going into more debt to get the Harvard law Degree doesn’t make any sense. Why not go to state U or a school that you can get a good scholarship from; saving a lot of money; then going to Harvard for your law degree?

Again; there’s a lot of people where money doesn’t mean anything to them. They can spend whatever they want. However; the original poster appears to be financially responsible and that’s why they were asking the question. The person who thinks money isn’t important, debt isn’t important, and saying you went to Harvard (Or wherever) is more important; would never have asked that sort of question on a forum.