<p>As a high school senior, the date May 1st brings a lot of pressure. I have narrowed my college options down to two. Those two options are UT and UH.</p>
<p>UT -
McCombs School of Business
Only 600 dollars in scholarship(s)
Have to pay for housing (apartment for 550 a month)
Paying for only tuition (parents will pay for housing), so 5.5k in un/subsidized loans and rest in Parent Plus loans
Around 11k in loans a year (44k after graduation before interest)</p>
<p>UH -
Changing school/major to Bauer College of Business
5000 dollars in scholarship(s)
Commuting daily (living at home)
Paying for tuition, 5.5k in un/subsidized loans (parents say will pay off loans after graduation and will pay for gas and such during college years for commute)
5.5k in loans per year (22k after graduation before interest, parent say they'll pay that off)</p>
<p>I know it might seem obvious where to go since the debt will be much lower, but UT has been my dream school and McCombs was such an accomplishment to me. Just not going is extremely hard on me, I would just like your input into my situation before I make my final decision.</p>
<p>Usually I’d say go with the cheaper option, but if you got into McCombs, I would go to UT. You will most likely get a job after graduation to help pay off those loans. If UT is your absolute dream and can’t imagine life any other way, I think going in for the business school will be well worth it. </p>
<p>$44k in terms of normal expenses, is well like buying a decent car, people do it all the time. No pun intended. Anyway, McCombs school of business is worth it. I see why the school accepted you, because you have a reasonable understanding of what it actually cost to go to UT. I am almost certain if you said the typical 25k a quote many people make, people would say go to UH, but the reality is it doesn’t cost that much. However, good luck hope everything works out for you. </p>
<p>I would pick uh because those parent plus loans are going to affect your parents so put that in mind. But it is mccombs that name rings bells all the way to Wall Street. So you might be broke but once you graduate you are golden. My friend currently a freshman in mccombs already is guaranteed a job automatically after he graduates. So there’s that too. But 11k in parent loans ouch. </p>
<p>you don’t need a business degree to get into business.So a business degree from UH is about as useful as dog crap wrapped with a dirty old sock.</p>
<p>Honors UH Business is reputable in it’s own right. Do what is best for your financial situation, not everyone can afford UT. My room mates are in business and they get A TON of opportunities from the MAJOR businesses that surround and hold UH close. Also, a lot of perks for being in honors business. The support they get from honors is on another level.</p>
<p>I know how this feels, so take the bitter-sweet knowledge that you got into one of the best business schools in the nation and enjoy life with minimal debt while rocking every opportunity that you are offered…</p>
<p>there is a certain point when you realize you pay the price now and you get rewarded with opportunity latter, you go cheap now, you get less latter. This abnormal fear of debt, makes all debt sound like it is a bad thing. If you lose 44k in a card game, well that is bad, but if you get something in return like a quality education that’s called an investment. What does quality mean, it means when you look back after graduation, and compare what you understand to the next guy, how much better do you feel about the decisions you will make in the future? Most know this from their own experience in high school. Honors course versus regular are even advance courses, the teachers in honors courses feel comfortable with relaying more information to their student, they feel comfortable exploring difficult concepts. In college that perspective difference increases the quality of your education tenfold. Moreover the quality of the student enhances those lessons as well because most of the classes require group participation, which is especially true for business. Just a side note, if you always turn out to be the leader of a group, based only on what you know, then the people around you are not challenging you, and your education will suffer. I don’t know much about UH-HB and one could argue to save your money and spend it for a UT-MBA, but that advice IMHO ignores the true accumulative value of a quality education, </p>
<p>@UTPSY2014 You make a really valid point! I was so put off by “a business degree from UH is about as useful as dog crap wrapped with a dirty old sock” that my advice might not be the best decision. And also I’m an engineering major, so I don’t know how much school reputation matters in business. </p>
<p>IMHO, if your debt exceeds your starting salary, then you might be in trouble. - My math may be wrong for this situation…</p>
<p>UH is not a bad school but compare to UT it’s nothing. Plus McComb has one of the most prestigious program of the nation and it’s number one in Texas. If you got into McComb I would say go for it, you won’t be left jobless after graduation and that degree will pay back.</p>