Ivy undergrad education worth debt?

MiPerson80
Wed, 18 Feb 2009 19:21:37 +0000

I just would be very carefull about any private school promises on aid, with the endowments going down substantially, and the need for financial increasing (the private schools have not yet seen the tsunami wave for more aid request, parents who had jobs, and then got layed off in the last 3 months, typically have severances of 6 to 12 months, and then if they cannot find a job then the financial aid requests will be pouring into these schools in 2010).

I think HYP are safe, but the lesser ivies and the other top privates schools are going to have significant cutbacks.

Also, if your plan is to try to go to a top school’s PhDprogram (which are fully funded), be very carefull here, with the federal deficit being so huge now, there is going to be a lot less funding available (like from NIH for example), and thus a lot more competitve to get in.