<p>is 60 k in debt worth it if i'm going to UNC Chapel Hill???? I really wanna go to this school, someone please give me some good advice.</p>
<p>Depends on your major and career goals. </p>
<p>If you are heading for a low paying job, then no. </p>
<p>If you are heading for a high paying job outof undergrad, maybe. </p>
<p>If you are heading for a profession that requires grad school (dental, med, lawyer) then no, because they will add debt. </p>
<p>Keep in mind that the national average for 6 year completion of college is only 60%. 40% of students have debt, but no college degree after 6 years. Very risky.</p>
<p>If I know anything about College Confidential, I’m going to guess that most people are going to say NO! No! No! And I’m going to be one of them.</p>
<p>If you’re talking student debt for undergrad, yes, too much. Unless you have some family assets that can take up the slack after graduation.</p>
<p>But before your write it off-- take a closer look at the COA and the offer.</p>
<p>If you’re subtracting the grants/scholarships each year from the COA and getting 15K, and multiplying it by 4 to get the 60K, then there may be some wiggle room to make your debt more reasonable.</p>
<p>See what’s included in COA-- does it include books, transportation, and miscellaneous expenses? Some colleges include over 4K for these three cost items, when you might be able to cover them for 2K.</p>
<p>Can you work over the summer? There’s 2K. Work part time at school- there’s perhaps 3K. Can your parents kick in a few K?</p>
<p>IF you can get student debt down to under 30K, you’re probably in the ballpark for debt that will be manageable for most grads able to get a reasonable job. That’s still high, but not unreasonable, IMO.</p>
<p>the 60 k is the half of the total cost i have to pay (my parents r payign the other half)…i would really like to go to UNC and i hate that money is the only thing holding me back.</p>
<p>I would really like a 48’ sailboat and I hate that money is the only thing holding me back.</p>
<p>I am 99.9% sure that someone who is smart enough to have earned a free ride into the honors college at the University of Florida can answer this question without our input. But if you are not sure, go sit in on a classroom in Chapel Hill and see for yourself if it is worth $120K more. Congrats on your accomplishments…Best wishes!</p>
<p>Say you are doing a major like engineering. Would it be more reasonable to go into higher amounts of debt because of the higher salary and less time in school than other majors? Say, 30-50k?</p>
<p>i just found out I wouldnt be in the honors program…but I would get to reapply for it after the first semester…still not worth payin the money for UNC?</p>
<p>Your comment about money being the only thing holding you back makes me think that lke most 18 year olds, you have little understanding of debt.</p>
<p>So let’s ask it this way: How upset will you be for the 10-20 years following college when money is the thing holding you back from buying a home, a decent car, choosing a private school for your kids and all the other things we all want?</p>
<p>Spend $500 on airline tickets, a hotel and visit a class before they shut down for exams. Then make an informed decision if there is a $120K differential in the education. Best wishes! </p>
<p>Hobie,
(an alum of the UNC System and admirer of UNC Chapel Hill)</p>
<p>If you really want to go then do it. That will just save you time when you are trying to transfer in later.</p>