Ivy undergrad education worth debt?

rocketman08
Tue, 17 Feb 2009 22:00:12 +0000

This topic has been discussed countless time and in short there is no ‘right’ or ‘wrong’ answer…

If there’s clear evidence that school X is truly better than school Y for a particular course of study then yes I could see one reasonably justifying some limited debt to choose one school over another. What’s considered a ‘reasonable’ amount of debt depends on ones personal financial situation… but one should be able to pay it off in a few years (eg 5-7) time without making major sacrifices.

However, most of these ‘debt’ types of questions are posed along the ‘Ivy’ line seemingly trying to ask if there’s something special about a school in the Ivy league vs. one that’s not… the answer there is a simple no. One should not go into debt to choose a school simply because it’s an Ivy league school… that would be a big mistake.