<p>I need to commit tonight...the nice thing about Dickinson though is the loans would be subsidized and I have a substantial 4-year scholarship...what should I do? I didn't like Dickinson as much, I loved Emory, but I feel like that is wayyyyy too much debt.</p>
<p>Your right that is alot of debt. I know some people who love Dickinson.</p>
<p>Should I take a year off to work or do Americorps and reapply to more generous schools? Even 40K seems like a lot for an undergrad…</p>
<p>Do you know people who went to Dickinson? How well did they do after graduation?</p>
<p>$40,000 isn’t that much. I think you can reasonably expect to pay that off with your starting salary after college, even if you only make about $35,000.</p>
<p>$70,000 is a lot, though. Most BA holders can’t expect to make enough to comfortably repay that.</p>
<p>Dickinson is a top college. You can do well coming from there.</p>
<p>So, it’s $40K in loans that YOU will be taking, right? That would have to be, in part, Perkins which maxes out at $5500 and $3500 for subsidized Staffords. Where you are getting an additional $1500 in subsidized loans, I do not know because those are the two that are out there. Anything else would be unsubsidized , and I’d be surprised if you got $5500 in Perkins. Schools usually do not give out that much in that loan. </p>
<p>Worth it? I don’t know. That’s a discussion to have with your parents. Dickinson is an excellent school, and no, I don’t think Emory is worth $70K in loans, especially if your acceptance is to Oxford College. Dickinson is a very fine school, well regarded, does well by its students and the alums I know from their seem to happy and do well. I would have been happy had one of mine chosen it.</p>
<p>Still, if you could commute for a lot less to a school like Pitt, and take out less in loans, I think, that would be the wiser choice, but you are probably hell bent on leaving home and going to a sleep a way college. </p>
<p>Congratulations on some good choices, and good luck at Dickinson.</p>
<p>I don’t understand why you didn’t apply to colleges where you would have not had to take on so much debt. 40K is a lot of debt to get just for undergrad.</p>
<p>I realize this post was made May 2013 and OP is already at whatever school he ended up deciding upon - I just wanted to add for future readers who may be in a similar predicament and happen upon this thread.</p>
<p>40k is a lot of money to owe at the very beginning of your life - depending on how aggressively you save; that debt could mean putting off a lot in life - including grad school, buying a house, buying a car, even getting married. Unless your family can afford the 40k out of pocket without the assistance of loans, I’d highly recommend avoiding such debt and look for cheaper options - your 21 year old self will thank you. </p>
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<p>??? Oxford students move to Emory for years 3 and 4 and get an Emory degree. Why would Emory at Oxford make $70K in loans worse than $70K in loans from Emory at Decatur?</p>
<p>Because Oxford college is basically a high priced community college . It is not even at Emory. The high price is for the privilege to transfer into Emory. If you have the money, and can pay for that privilege, well and good, but when you have to borrow for it, and you know it’s not a sure thing that the student will be able to make that transition, it’s not. If I could afford it for a child, he’d have to be ueber set on Emory, like totally in love with it for me to pay for that. Otherwise, I’d say to give it a go at another 4 year school. </p>
<p>That is a matter of opinion, but part of the lustre of Emory is going there and getting to know the class from the onset. To pay that much for a guaranteed transfer there, contingent on satisfactory performance with the student getting whole other prep courses those two early years, different profs, at a different location not integrated with the Emory kids, nope. WHat might make Emory worth that price for those years is not worth the chance to get int Emory for the last two. If the price were adjusted to about half, maybe. But not at what it charges.</p>