<p>Yep, it takes awhile for kids to come to terms with both sides of this coin: 1) not going to dream school and 2) actually going to a “not dream but smart idea” school. The end result is the same (going to the in state school, usually) but coming to terms with both sides is crucial–and difficult.</p>
<p>Birene: there’s an old thread on the parents site that has to do with “choosing the financial safety”–you should read it! Lots of parents have had kids in your situation, and it’s nice to see how they’ve dealt with everything. As a special bonus you can read my thoughts about choosing safety over dream school that are…oh, halfway through the multitude of responses to that thread.</p>
<p>It’s tough and it sucks and it doesn’t seem fair. You’ve worked hard, you’ve set goals, and you want to accomplish them at NYU. But NYU doesn’t seem likely–primarily because it’s so expensive, but also because you haven’t even been accepted yet. You really don’t want to set yourself up for considerable debt right out of undergrad because you will be in substantial debt right after medical school–not to mention, you (like me!) have younger siblings to worry about. Allowing debt to pile on is irresponsible because it will make your financial future unpredictable and difficult. With huge undergraduate AND huge medical school debt, you will have trouble doing costly things in the future–buying a car, buying a house, getting a new computer, getting married, going on vacation, etc (for big ticket items)–and might even have trouble doing more normal things in the future–affording groceries, having a moderate amount of money for entertainment, paying for health insurance, car insurance, homeowners/renters insurance, paying rent/utilities, etc.</p>
<p>Having a huge cloud of debt over your head will cause considerable stress and anxiety, which will likely make it more challenging for you to have a great career and might strain relationships with loved ones too, in addition to all the worry it causes about making ends meet.</p>
<p>Avoiding debt from undergrad will make a significant difference in the total amount of debt you have–debt that continues accruing interest until you’ve totally paid it off, which will definitely take YEARS. Decreasing the total amount of debt is important because it will be easier to pay off the smaller amount in a timely manner–and paying debts off in a timely manner is crucial to maintaining your financial health. The best way to avoid debt from undergrad is to go to an inexpensive school and really shine–take advantage of all the services out there, get to know your professors, volunteer, shadow, etc etc.</p>
<p>For you, that school might be UTD or UT or a TAMU.</p>