I see the debate all the time. “But if I get into (insert name of any prestigious university) should I go even if I will have to take out loans?” Most students I meet with assume that if they have a prestigious university tied to their name, they are set for life. Not only will they get any job they want upon graduation, but they will also get more money.
Last week, The Boston Globe published an article last week, “Avoid Costly Colleges to Graduate Debt-Free“. One of the experts in the article stated that going to a big name school is often for “emotional appeal”. It does not make sense to go to a costly school because you feel it is a “good investment”.
Fact of the matter is that there is no way to know for sure whether or not paying for a costly college will pay off. In the end, you have no idea what kind of job you will end up with. That is why it is important for students and their families to consider several important factors when choosing what college to attend, including how much debt they can acquire.
Katherine Price
Educational Consultant
Technorati Tags: ivy league, college debt, college loans, taking out college loans, debt for prestigious college
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Mark Montgomery
Mark is the Founder and CEO of Great College Advice, a national college admissions consulting firm. As a career educator, he has served as a college administrator, professor of international relations at the University of Denver and the Hong Kong University of Science & Technology, program consultant at Yale and the University of Kansas, government instructor at Harvard and Tufts, high school teacher of French, and a Fulbright teacher of English in France. He has personally helped hundreds of students from around the world map their college journeys. Mark speaks on college preparation, selection, and admission to students and parents around the world, and his views have been published in major newspapers and journals.
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Mark Montgomery
Mark is the Founder and CEO of Great College Advice, a national college admissions consulting firm. As a career educator, he has served as a college administrator, professor of international relations at the University of Denver and the Hong Kong University of Science & Technology, program consultant at Yale and the University of Kansas, government instructor at Harvard and Tufts, high school teacher of French, and a Fulbright teacher of English in France. He has personally helped hundreds of students from around the world map their college journeys. Mark speaks on college preparation, selection, and admission to students and parents around the world, and his views have been published in major newspapers and journals.