Is going into Ivy League worth all the debt?

Question

How long would it take you to pay off?

Answer 1

Is this the question you wanted me to answer?

As others have said, most Ivy League schools give a lot of aid, so your overall debt level may not be so high. As others have said, Ivy League schools open doors. But other schools do, too.

I taught at Penn (Wharton) and MIT. I also got my PhD at Berkeley & taught there, too. These schools are ranked #1, #2 and #3 respectively at the undergraduate level. At all three schools, I was able to teach finance to undergraduate business students. At all three schools, I saw my students get high five and low six figure offers from top Wall Street firms. For them, going to a top school paid off.

You asked about MBA programs earlier. From my point of view, an MBA is not worth it unless you go to a top school. However, going to a top school will get you better jobs at higher pay.

I believe that you can get as good an education at most of the better state schools as you can at Harvard. But I also believe that it is easier to skate through one of those schools. Companies pay up for the people from high quality universities because they are uniformly good. The costs of discovering which University of Minnesota graduates are great and which ones are not is higher.

Answer 2

Remember that many times you are paying for the name (as my facilitator told me my first class). I attend an Ivy League university and will not be debt free for at least 20 years...was it worth it? YES! The value of the education and the ability for future job offers grows with the more you pay, as it seems. There are also good schools that cost less, but have valuable classes with names that are known. Really consider the classes and the value of the classes at different institutions, as some are not worth the $ at Ivy, while at local universities have had high praise.

Good luck in your future!

Answer 3

It's where the movers and shakers of the world come from..You want to be on top in the the big circle of life. then go Ivy League. It takes X amount of years depending on your loans, free money etc. But if you apply yourself and graduate in the top 10% you can be you will get some fantastic job offers that pay big bucks and then paying off your loans is a pc. of cake..Good Luck!

Answer 4

I went to an Ivy League school (UPenn), and I will always be thankful for the experience. If you have the chance to go to one DO IT. The experiences you will have there and the contacts you will make are absolutely PRICELESS. Also, your resume will always be strong and you will have doors opened to you in life that you wouldn't otherwise. In this day and age when most people have a college degree, going to an Ivy is an amazing asset. Email me if you have any questions.

Answer 5

Yes. I dated a guy who went to an ivy league school and he wasn't the best student. But everytime anyone heard about his college in the post-school world - they just swooned with the fact the went there. People make assumptions just based on the university that you attend that has nothing to do with what you got out of it nor your grades. No once did anyone ask him for his grades whereas I went to a very boho college and companies had asked for my transcripts (like that is any reflection of my working ability). So I would say yes.

Answer 6

Although Ivy League schools are more expensive than public universities, they also give much more financial aid. Princeton, in fact, no longer gives loans--they give grants instead:
http://www.princeton.edu/pr/news/01/q1/0127-aid.htm

I went to Princeton and had a wonderful experience, so of course I'm biased. I know that at least in California, the public universities also give a great education. I'd recommend you apply to any university you'd like to attend, and then when you get accepted, consider the financial aid packages.

Answer 7

I don't think so, cuz u can still go to a great college for less, but that's really a subjective decision. It takes probably like 15 years to pay off, depending on how much u pay a month, and then if u go to med school or law school, that's even more.

Answer 8

What different faculties did you get into? i could like to properly known that, so i could desire to help you paintings out if Cornell is well worth it v. the others you have been common into. Assuming that the different faculties you purchased into are reliable - tier 1s - then funds are between the various belongings you do could desire to think approximately on your selection. in good shape is yet another. opportunities, yet another. i in my view won't be able to signify you. I advise, if we are conversing Cornell v. UC Berkeley, and you're in-state CA, i could deliver you to UC Berkeley. no longer a doubt in my suggestions. yet once you're conversing Cornell v, say... U Rhode Island, then that's Cornell.