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What made taking on the debt worth it as opposed to going to a university that offers a full ride?
I have to decide between attending a school close to where I live for a full ride or my dream school that hasn't provided enough aid. I've heard a lot of arguements explaining why I should take the full ride, but I really hope to attend my dream school
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Janay’s Answer
It's important to understand that a full ride gives you more freedom after you graduate. You're decision is between short-term and long-term sacrifice. Debt is a serious thing - interest is accruing, it affects your credit if you don't pay timely, and you need to pay so it will impact your financial decision post graduation.
Really think about why you want your dream school and answer honestly if you can't get that at the school offering you a full ride. Is it just the name or something else. I would choose the full ride, but the decision is ultimately yours.
Really think about why you want your dream school and answer honestly if you can't get that at the school offering you a full ride. Is it just the name or something else. I would choose the full ride, but the decision is ultimately yours.
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Jason’s Answer
I would think about which industry or companies do recruiting at both of the schools. That decision could impact your future career choices. Eg some company will recruit at one of the school. So have a mini career plan based on that make a strategic choice. At ucla where I went management consulting firm recruit there so I was able to go into the industry. Where some east coast school recruit for investment banking more.
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Nick’s Answer
Hi Nya, it is smart that you are weighing the pro and cons of your college decision. I would go with the school that offers a full ride. I recommend you watch the documentary "Borrowed Future," which is free on YouTube. Best of luck in the future!
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Paras’s Answer
Nya, Its great to see you are weighing the pros and cons of choice of schools and the investment you are making in your career. As others have advised on this thread, it is hard to beat a full ride as it gives you the freedom on career choice post college and no pressure to repay debt. Having said that I would weigh a few other factors like "dream school" you ahve always wanted to go, Receruitment stats from the schools in consideration, Most schools also publish typical careers their alums have been placed in and the compensation they have received. I would also consider getting in touch with alums for schools under consideration. Ultimately, take this as an investment decision and evaluate if the probably of return on your investment is high. I would first and foremost consider the school offering the full ride (mostly the best option) while making sure there isnt another school in consideration that greatly increases your chances for better education (faculty), exposure (city, alum etc.) and return on investment (past record of placement and compensation).
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Vidhyasagar’s Answer
Avoid taking on debt. Choose a university that offers a full scholarship. Save the money you would have spent and invest it. Companies care more about your skills than where you went to college.
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George’s Answer
Stay out of debt! Look for the cheapest way to earn the degree you want for your chosen career. After you graduate, most employers don't care where your degree is from. They just want to know you have the right degree and what experience you can bring to the job.