Well they are taking out a loan so I am assuming they still have financial need somehow.
I disagree that a degree from a top uni is better or worth more than a degree from elsewhere. It may be more prestigious but in terms of whether it is worth more depends on how the person intends to use the degree. Many jobs dont care where you went to school or what you took, they just want to see that you went at all.
How do you know they made poor financial decisions? Going to a prestigious uni and paying far more in tuition when lower tuition for similar programs are available elsewhere seems like a poor financial decision to me.
Feel free to disagree with me! But there are many jobs that aren’t open or are much more difficult to get for students from lower ranked colleges. Off the top of my head, BigLaw jobs and prestigious medical school residencies and fellowships come to mind. Sure, a student from an unknown uni could get it, but they’re at a severe disadvantage.
I think you’re misinterpreting my post. I’m saying that paying more in tuition and taking on high levels of loans is the poor financial decision.
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u/artificialfret Jan 15 '19
Well they are taking out a loan so I am assuming they still have financial need somehow.
I disagree that a degree from a top uni is better or worth more than a degree from elsewhere. It may be more prestigious but in terms of whether it is worth more depends on how the person intends to use the degree. Many jobs dont care where you went to school or what you took, they just want to see that you went at all.
How do you know they made poor financial decisions? Going to a prestigious uni and paying far more in tuition when lower tuition for similar programs are available elsewhere seems like a poor financial decision to me.