Student loans vol. are they worth it?

January 21, 2013 @ 10:16 PM

PURPRIBB

Post: 320

Join Date: Nov 2011

Location: Canada

I'm a high school senior preparing to go to college this Fall. I got accepted to a couple universities and that was cool and shit but now I'm faced with the problem of actually paying for this education. My mind is set on furthering my schooling but I've hit a fork in the road and idk which path to take. Let me walk yall through it and give me any advice you got to offer fam.

Path A: Go to an expensive school (Temple) to study Business. From what I hear the business program is pretty good for this type of school. With all the aid already calculated I would still have to borrow around 20k/yr which would land me a grand total of 80k after getting my bachelor's. 80-fucking-K

Path B: Go to less expensive state school to study business. Obviously the program won't be as good but I would save a shitload of money...I'd expect having a total of less than 30k debt.

Regardless of the route I end up taking I still plan on getting an MBA.

Why does it gotta be so fucking expensive for a young nigga to get money.... Shit is ridiculous... Anyway, thanks for the help fam.

Bitchmob affiliated

January 21, 2013 @ 10:19 PM

tellmewhentogo

Post: 2946

Join Date: Jun 2009

What schools did you get into?

I'll let you know if they're decent for recruiting, which is crucial if you want to get into Finance/Business.

January 21, 2013 @ 10:28 PM

slammedb5

Post: 98

Join Date: Jun 2011

look around for grants and scholarships you wouldn't have to pay back. I took option b and still have like 25k in debt and i have been out of school for 2 years.

January 21, 2013 @ 10:30 PM

salaam

Post: 724

Join Date: May 2011

college is a scam

January 21, 2013 @ 10:30 PM

PURPRIBB

Post: 320

Join Date: Nov 2011

Location: Canada

Got into Temple, Penn State, Bloomsburg, & West Chester.. I'm also still waiting for some decisions.

Bitchmob affiliated

January 21, 2013 @ 10:33 PM

LET YA NUTS HANG

Post: 918

Join Date: Jul 2008

That's expensive as a mug. Look for some scholarships. You must come from a rich fam already and that's cool. If you really bout saving, do community college for your basics/general classes and transfer. Just make sure the college u gon go to accepts the credits.

http://pureandgood.tumblr.com/

January 21, 2013 @ 10:36 PM

Unown

Post: 124

Join Date: Sep 2012

If you can't get scholarships then a state school would be the best option. Unless the expensive school you get into is very elite than getting almost 100,000 in student loans is not worth it.

January 21, 2013 @ 10:40 PM

shnoosetheboose

Post: 300

Join Date: Aug 2012

Problem with a business degree is unless you have high-up connections, it takes time to be making good money, so it'll take awhile to be able to pay back that big of a loan. But if you were able to get into those schools, you should be smart enough to pull some scholarships in. Apply for as many grants as you can, too. Parents not

January 21, 2013 @ 10:40 PM

Teal.

Post: 300

Join Date: Sep 2012

Join the military they pay for your college plus put money in your pocket. That what i'm doing

January 21, 2013 @ 11:01 PM

Enzoo

Post: 2596

Join Date: Jan 2009

Location: Osaka

Having loans exceeding 40k isn't worth it unless you really just going there for the name.

Don't badmind me.

January 21, 2013 @ 11:17 PM

slap

Post: 3548

Join Date: Oct 2010

Location: sgv.la

Ask yourself, in the long run,
1. At the "better" school, will my application to a MBA program be more competitive?
2. Will I be able to find a job easier?

All and all, is the extra 50k investment worth the possibly better experience, better job outlook, and better job security?

Karmaloop/Plndr Rep: SLAP20.

January 21, 2013 @ 11:27 PM

oneallah

Post: 1231

Join Date: Mar 2012

Location: in yo closet

its not worth it, you gotta pay it back eventually and if you dont they lock your ass up and take everything away,
better off working your ass off and selling all the kicks you got to pay the college bills

January 21, 2013 @ 11:31 PM

Sex

Post: 1250

Join Date: Jun 2009

Go to Penn State. I'm pretty sure Smeal is higher ranked. Penn probably got better parties and alumni all over the country.

If you're a Finance major, Temple isn't a target school for the bulge bracket
If you're an Accounting major, Temple again isn't a target for the Big 4

My garbage can eats better than 99% of the world.

January 22, 2013 @ 01:20 AM

chief

Post: 3907

Join Date: Feb 2008

Location: Location: Location:

That's expensive as a mug. Look for some scholarships. You must come from a rich fam already and that's cool. If you really bout saving, do community college for your basics/general classes and transfer. Just make sure the college u gon go to accepts the credits.

this absolutely. this is the route I took and will be done this May. Community college was hell for two years because I desperately wanted to get out of my hometown, but thankfully they had a soccer team that kept me occupied. Sure it'll suck, but get a job or find a club or activity to keep yourself busy until you get those general education classes out of the way

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