<p>If I go to Yale, I will only be getting about $5000 per year from my parents. Thew won't qualify for any financial aid, it's just that my parents think that I should finance my own ed. Is Yale worth $100,000 worth of debt after four years?</p>
<p>In my personal opinion no undergrad education is worth being $100,000 in debt - that is a heck of a debt to start your life with - and remember student loans are not forgivable by bankruptcy so if you find yourself not earning what you are anticipating you are still stuck with the loans. Also, if your parents are contributing $5000 a year, you will be unlikely to get out of Yale with only $100,000 in debt.</p>
<p>You can get a good education from many schools in this country. Why burden yourself with a heavy debt like $100,000.</p>
<p>Do you plan on working during the semesters and over the summer? Also, you can look into private scholarships.</p>
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If I go to Yale, I will only be getting about $5000 per year from my parents. Thew won't qualify for any financial aid, it's just that my parents think that I should finance my own ed. Is Yale worth $100,000 worth of debt after four years?
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hmm ... unless I'm missing something you're about $60,000-$70,000 short to pay for Yale. You can make some bucks in the summer and during school but no where near that much. Unless you're starting with a nice nest egg your debt will have to be a lot more than $100,000.</p>
<p>(PS - and while I'm a big elite school advocate ... I am not an advocate if it requires a lot of debt ... if you're Yale material you can get a nice merit award at a really excellent school and graduate virtually debt free)</p>
<p>No. As much as my kid loved Yale, I would not suggest that a student go into a lot of debt in order to attend. I agree with the poster who said that if you are able to get into Yale, it's likely that you could also get great merit scholarships to other excellent, although perhaps smaller and less well-known, colleges that would be fun, challenging, and leave you in a great place to start your life after graduation. Why put so much pressure on yourself?<br>
Check out the University of Southern California, University of Chicago, Grinnell College, and your flagship state school. There are dozens of small, private colleges that offer great merit aid, as well. Many high achieving students are looking at graduate education of some kind...maybe that would be the time to look at Yale, if you really love it, when they are picking up the bill!</p>