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Personally I would (and I think a lot of people) would take the debt for an Ivy League degree. I’m sure if the family approached the ivys and told them the money they were getting at the LACs, Ivys would have upped the package
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Originally posted by Unregistered View PostPersonally I would (and I think a lot of people) would take the debt for an Ivy League degree. I’m sure if the family approached the ivys and told them the money they were getting at the LACs, Ivys would have upped the package
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Originally posted by Unregistered View PostAdd GM to the list.
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Originally posted by Unregistered View PostTrue story - Boston area family of 4 kids, one got into two Ivies. Both only gave decent FA for the first year (because they had another in school that one year but not the other years). It meant the student would have to take out nearly 90K in loans for the other three years (The family had some college savings but told their kids early on they will contribute X dollars to each kid's education and anything beyond that was on their own through loans, scholarships etc). Same student got amazing merit packages at two top LACs so they easily pay the remainder with the college savings. So, do you graduate with 80K in debt, or take one step lower and have no debt? As this student has plans for grad school it was a no brainer. With fees and interest you're talking about paying close to $1000 a month on loans for ten years.
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Originally posted by Unregistered View PostIn today's world...take the money. Defaulting on student loans doesn't make a distinction where you went to school. Ivy education does not guarantee employment.
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Originally posted by Unregistered View PostYou could literally get a job doing anything with an Ivy League degree. If you have an opportunity to go to an ivy you should take it.
I know Ivy's that have a ton of debt and hate their McDonald's job as it isn't paying their bills. My uber guy has an Ivy degree. So does this dude...just arrested and unemployed...
https://nypost.com/2020/05/31/accuse...ucated-lawyer/
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