<p>Hello everyone, I need help!</p>
<p>I'm tranferring from a community college to a four year university in the fall. I'll be majoring in Finance. I'm torn between Fordham in the Bronx and Rutgers in New Brunswick. Fordham is ranked better by Business Week (40th vs. 81st) and is also 20 minutes way from Manhattan. Nevertheless, is it worth the 10k loan? This would result in a 20k loan for the next two years (to finish my bachelors). What do you guys think?!</p>
<p>bumpppppp!</p>
<p>I personally feel it is well worth it, but it’s really a personal decision. We may very well come from different worlds. But in the grand scheme of things 20k in student loans isn’t too bad. Coming out of Fordham Gabelli you shouldn’t have a problem getting a job paying say 50k a year. Although if you don’t have plans to pursue a career in finance on Wall Street, the difference in schools matters less.</p>
<p>My goal is to work on Wall St as a financial analyst or investment banker… the proximity between fordham and manhattan is very appealing.</p>
<p>20K in loans, while not bad, does not justify the difference between Fordham and Rutgers. I know many graduates of Rutgers who work for Bank of America, and they seem to be doing alright. There is no guarantee–nor supporting metric–that going to Fordham will garner you more income over the span of your life. If you don’t have to incur debt - don’t.</p>
<p>Nobody is saying do not borrow or take chances. The key is keeping it to a manageable amount. I would consider $20K manageable. GL</p>
<p>I guess I see it differently. The “ranking” doesn’t justify the 10K in loans per year. I would go to Rutgers for free, and then, if you want to consider grad school at an upper echelon school in the future, you can do so without debt. There is no wrong decision, though.</p>
<p>thank you for the opinion guys!</p>