<p>me too. Class of 2019.
Grinnell and Reed loan policy- $2500 for the first year, and increase of $1000 every year. Sums up to $16,000. Isn’t that bad too?</p>
<p>The highest starting pay is of MIT graduates (around 80k), I don’t know whether a Reed graduate would be able to settle his/her debt. Any idea anyone?</p>
<p>Reed has a much lower average starting salary. $44200 is the latest figure. A large proportion of graduates go on to attend graduate school. That might be one of the reasons for this.</p>
<p>I personally wouldn’t mind a loan of $16000 at Reed because I love the place so much. Although this is too early, I almost certainly plan on going to grad school irrespective of which college I go to. And Reed allows students to defer repayment until a year after grad school.</p>
<p>@Peepingtom & @Hezekiel - Check this book out. A really good book for college applicants
<a href=“http://www.amazon.com/Cool-Colleges-Hyper-Intelligent-Self-Directed-Different-ebook/dp/B0054KNFY4/ref=tmm_kin_swatch_0?_encoding=UTF8&sr=&qid=”>http://www.amazon.com/Cool-Colleges-Hyper-Intelligent-Self-Directed-Different-ebook/dp/B0054KNFY4/ref=tmm_kin_swatch_0?_encoding=UTF8&sr=&qid=</a></p>
<p>If you’re think about grad school, I’d suggest you take some time and read 100rsns.blogspot.in
I don’t want you to discourage you from grad school, but I think you should know what to expect. Also, you’ll have to take out more loan for grad school so it would be unwise to take out more than 5-8k now.</p>
<p>@Peepingtom - Thanks for the link and the tips. </p>
<p>But, in order to fulfil my broader life goals or to put it simply, my ambitions, I need to go to grad school.
And from what I know, most universities in the US (public & private) have really good funding for all doctoral students, including internationals. Isn’t that the case?</p>
<p>That’s a good book you’ve mentioned. Here are some others
- Colleges that Change Lives
- Looking Beyond the Ivy League
- The Gatekeepers
- Hidden Ivies</p>
<p>The so-called alcohol culture in Colgate is over-rated. The school is big. You choose your own path there.</p>
<p>@moneyp
Are you a present student, alum etc? </p>
<p>son is there</p>
<p>That’s great! Would you happen to know what’s the rowing scene there?</p>
<p>no idea. try contacting the student ambassadors or join the colgate chats. you can get more info there.</p>
<p>Ok, thanks. </p>
<p>@hezekiel re: the 20K debt, really depends upon your major (looking at the average starting pay doesn’t account for this.) </p>
<p>@aviraldg - What would you say for a a Sciences/Maths major?</p>
<p>Can’t speak for others, but CS and ChemE typically tend to pay well. Not so sure about Maths. Check this link out for more info: <a href=“WSJ.com”>http://online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html</a></p>
<p>I think the highest paying major is Engineering (which is not offered at a LAC), and in that too is Petroleum, CSE, and Chemical/Biological. After that it’s Economics and/or Finance.</p>
<p>@peepingtom
Some LACs do offer engineering ( Right now,I can think of Lafayette and Swarthmore).
You can also do a 3-2 program.</p>
<p>@hezekiel,
I really thought that LACs don’t offer Engineering, but you proved me wrong, Lafayette does offer engineering! I did not feel to need to check Swarthmore too as you’ve probably done your research. Do you plan to go to a LAC for engineering? I know that you’re interested in Chemistry. But anyways, a 3-2 program will further push you in debt as most of the “2” Universities of 3-2 don’t offer aid to the students (e.g. Caltech, Columbia,) some do, however, they’re pretty much non existent (Thayer, WUSTL).
Also, do remember that Engineering does have the highest starting salary but after that it doesn’t increase at a good rate, you’ll pretty much be earning the same after 10 yrs as what you were at the starting of your career. </p>