Is it worth it?
I got into my dream school, but it’s 71k per year after aid. My parents can only afford to give me 10k per year, and the rest (61k x 4 years) would be in private student loans.
To give some context, I have never had the best grades, and I applied to a lot of schools just to see what my range would be, and received a lot of rejections. However, Lafayette College, my top school, shocked me and let me in. I want to be an engineer, and a big part of the reason I don’t have the best grades is because i’ve spent so much of my time working in the robotics program at my school throughout high school. If I go to one of the other schools I got into, it wouldn’t be great for my long term goal of being an engineer.
So, my real question is, is there any way this could be worth it? Is it worth $244,000 of debt BEFORE interest?? I don’t want to be stuck with no life until i’m 35, but I am willing to spend 5 years repaying in chunks and sparing every dollar.
please give me any success stories or failures you have in mind. I’ve been given such conflicting advice on this, and I just want to hear from anyone with experience.
Edit: My other options are Stevens institute of tech for 58k Penn State (not the engineering program, information sciences) for 65k Temple for 53k Central CT State for 23k
These are prices before the 10k my parents are giving me. I am going to have to take out private loans wherever i go
Edit 2: Thank you I get it it’s a no go. I guess I just had to hear it from 400 people to get it through my head. It’s heartbreaking that education isn’t more accessible, but it’s the way the world is right now. I think my 2 options right now are to negotiate the other schools, or contact lafayette and ask for a 1-2 year deferral while i work and get core classes done at a local college.