<p>Alright, hypothetical here, but what would be the smatter decision. I could go about 5k in debt a year at University of Florida, or around 15k in debt a year at a school like Southern Cal or Emory. So over 4 years is the name of the school worth 60k in debt vs. 20k in debt?</p>
<p>Smarter*…</p>
<p>Where will you get the loans in excess of the Stafford loans? You will need cosigner for those loans, typically parents do that (if they choose to). Will your parents cosign loans for Emory or USC? If not, I can’t think how you will get the loans you need.</p>
<p>Do you plan to go to grad school? If so, you might want to consider that too. Money saved NOW can be used for grad school. Less debt NOW can mean perhaps taking loans for grad school instead.</p>
<p>My parents would cosign on the loans that I would need for the excess costs. However I would ultimately be responsible for them, which doesn’t sound that appealing. I do plan to continue and either attend law school or get my doctorate in poly Sci. So either way I will definitley be attending more school.</p>
<p>Well…if you are interested in law school…keep your undergrad debt to a bare minimum. There was an article in the paper today about law school students and the lack of high paying jobs, and the huge loan debt they have. Some have tried to declare bankruptcy but have learned that student loans cannot be discharged as part of bankruptcy. They talked about several lawyers who either had jobs and were let go, or haven’t found jobs…and cannot pay their loan bills.</p>
<p>SO…think carefully about amassing undergrad debt.</p>
<p>Well in that case would it be worth going to a low tier(no name, little reputation) school but completely paid for?</p>
<p>Lots of threads here at CC on that topic ThePaperEater. Here is one of the best <a href=“http://talk.collegeconfidential.com/parents-forum/905843-top-student-3rd-tier-school-four-years-later.html[/url]”>http://talk.collegeconfidential.com/parents-forum/905843-top-student-3rd-tier-school-four-years-later.html</a> The original poster is still semi-active here at CC, so if you send a PM I expect you will get a response.</p>
<p>My guess is that you already know the answer to your question (not unlike Dorothy in the Wizard of Oz.)</p>
<p>What is the unknown lower tier school?</p>
<p>Do you really need to borrow $5k per year at UF? Can you earn some money over the summer so you won’t have to borrow much?</p>
<p>Did you get Bright Futures?</p>
<p>What is your EFC?</p>
<p>How much will your parents contribute?</p>
<p>Emory and USC (Calif) meet need. Are you saying that your parents can’t pay their likely family contribution.</p>
<p>Do you know if UF will be giving you anything?</p>
<p>Low tier school is nova southeastern. </p>
<p>Efc is 2k</p>
<p>I probably could work.</p>
<p>I have the top bright futures. 31 act, 4.3 gpa </p>
<p>Even though it’s need based I’m guessing some of that is loans</p>
<p>My son will graduate this year and is going to law school. He has next to no undergrad debt but he will likely have to borrow over $20K per year to attend.</p>
<p>Link to [Paying</a> For Law School - Law School Cost Calculator](<a href=“http://www.admissionsdean.com/paying_for_law_school/law-school-cost-calculator]Paying”>http://www.admissionsdean.com/paying_for_law_school/law-school-cost-calculator) . Count on costs being 20%-25% higher 4 years from now.</p>
<p>Well on the bright side Yale law would only cost $252000… Well Maybe third tier is looking like the right choice, even over UF.</p>