Is undergrad degree worth $125K?

College Search & Selection
1

<p>When I'm all done with my Communication/Business undergraduate degree, my out of pocket expenses will be @ $125K
The amount doesn't include any interest on loan. </p>

<p>Is it worth that much? Can you share how much it's going to cost to get a undergraduate degree? </p>

2

<p>So you are borrowing more than or less than $27,000?</p>

<p>Less than $27,000 - sure.
More than $27,000 - depends (but I’d personally say no)</p>

3

<p>Who/how will that $125k+ get paid? How much are parents paying? How much will be your loans? How much will be your parents loans?</p>

4

<p><a href=“https://www.collegedata.com/cs/content/content_payarticle_tmpl.jhtml?articleId=10064”>https://www.collegedata.com/cs/content/content_payarticle_tmpl.jhtml?articleId=10064&lt;/a&gt;&lt;/p&gt;

<p><a href=“Is college worth it?”>http://www.economist.com/news/united-states/21600131-too-many-degrees-are-waste-money-return-higher-education-would-be-much-better&lt;/a&gt;&lt;/p&gt;

5

<p>You, as a freshman, as only allowed to borrow $5,500 your first year. You shouldn’t get over the limit of $27,000 set by the federal loans for ALL FOUR years.</p>

<p>What schools accepted you?
What are you going to study?</p>

<p>Can you give us
(tuition+ R&B) - (grants+scholarships) = ?<br>
for each?
What’s your parents’ budget?</p>

6

<p>Parents are going to pay $25K per year. Whether Parents pay it or I borrow it or whatever, I consider that as an expense out of our house. </p>

7

<p>^ So you seem to be saying that your total family contribution will be $125K; of that, your parents will contribute $100K; you will need to make up $25K (over 4 years) in “self-help” (loans + work study). Right?</p>

<p>If so, I would say the short answer to your question is “yes”. Having an undergraduate degree will be worth far more to you than $25K (plus interest) in increased earning power over the course of your career.</p>